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Tuesday's Top Analyst Upgrades and Downgrades: Alphabet, Bank of America, Boeing, Coinbase, Dollar General, Kroger, McDonald's and More

Bank of America Corp. (NYSE: BAC): Baird downgraded the money center giant to Neutral from Outperform and has a $42 price target. The consensus target is $43, and the stock ended trading on Monday at $40.56.

Beam Therapeutics Inc. (NASDAQ: BEAM): RBC Capital Markets started coverage with a Sector Perform rating and an $85 price target. The consensus target is much higher at $108, and the stock closed trading in Monday at $75.19, after retreating over 8% on the day.

Boeing Co. (NYSE: BA): Bernstein raised its Underperform rating to Market Perform and also boosted the price target on the aerospace and defense leader to $229. The consensus target is $253.50, and Monday’s closing share price was $235.19.

Ceragon Networks Ltd. (NASDAQ: CRNT): Needham raised the stock to Buy from Hold and has a $4.50 price target. The consensus price objective is $6.50. The company has announced it expects to deliver the taped down 100G radio System on a Chip in July and start shipments in 2022. The final trade Monday was reported at $3.33 a share.

Cirrus Logic Inc. (NASDAQ: CRUS): Needham upgraded the shares to Buy from Hold and set a $100 price target. The posted consensus target is $99.67. Monday’s last trade came in at $73.00.


Cleveland-Cliffs Inc. (NYSE: CLF): Credit Suisse upgraded the shares to Outperform from Neutral and raised the price target to $24. The consensus target is $22.35, and the stock closed on Monday at $18.21.

Cogent Communications Holdings Inc. (NASDAQ: CCOI): Credit Suisse raised the company to Outperform from Neutral and also raised the price target to $93. The consensus target across Wall Street is posted much lower at $71.90. Monday’s last trade was reported at $76.09.

Coinbase Global Inc. (NYSE: COIN): Keefe Bruyette started coverage with a Market Perform rating and a $324 price target. The consensus target for the crypto trading platform is much higher at $479.83, and Monday’s last trade came in at $294.21.

Dollar General Corp. (NYSE: DG): KeyBanc Capital Markets downgraded the stock to Sector Weight from Overweight. The shares have traded in a 52-week range of $173.26 to $225.25 and have a $233.12 consensus target. The stock closed Monday at $216.57.