Friday's Top Analyst Upgrades and Downgrades: AMC Networks, Aurora Cannabis, Dropbox, GE, Kimberly-Clark, Live Nation, Petrobras, Snowflake and More

Live Nation Entertainment Inc. (NYSE: LYV): Wolfe Research started coverage with an Outperform rating and a $97 price target. That compares with a consensus target of $86.70 and Thursday’s last trade of $81.23, which was up almost 5% for the day.

Lumentum Holdings Inc. (NASDAQ: LITE): JPMorgan resumed coverage with a Neutral rating and an $80 price objective, The consensus target is up at $92.93, and the shares closed Thursday at $67.43 apiece.

Petrobras Brasileiro S.A. (NYSE: PBR): Itau BBA Securities raised its Market Perform rating to Outperform and has a $14 price target. The consensus target is $11.50, and the shares closed Thursday at $9.22. The stock was trading up over 5% in the premarket.

PubMatic Inc. (NASDAQ: PUBM): RBC Capital Market resumed coverage with an Outperform rating and a $43 price target. The consensus target for the digital media placement company is much higher at $60.33, and the stock closed on Thursday at $334.32, after pulling back almost 10% for the day. The shares roared back almost 13% in the premarket after the company posted outstanding earnings.

Snowflake Inc. (NYSE: SNOW): Goldman Sachs upgraded it to Buy from Neutral and also raised the price target to $275. The consensus target is up at $298.50, and the last trade for Thursday came in at $188.24. The stock was trading almost 5% higher in the premarket.

Utz Brands Inc. (NYSE: UTZ): Stephens raised the shares to Overweight from Equal Weight. Over the past 52 weeks, the stock has traded between $10.65 and $30.09 a share. The consensus price objective is $26.55, and the shares ended trading Thursday at $23.24, down over 8% on the day.

Four stocks frequently mentioned on Reddit’s WallStreetBets forum recently are rated Buy at BofA Securities. It may be smart for aggressive investors and traders to take a look and see if the data can help predict big upside moves as the analysts suggest.

One top analyst sees big upside in some aerospace and defense stocks. Has an upgrade helped put Array Technologies stock back on track? And check out what’s different about a new cannabis ETF.

Thursday’s early top analyst upgrades and downgrades included Array Technologies, Baker Hughes, Boeing, Cisco Systems, Coinbase, Deere, General Dynamics and Halliburton. Analyst calls seen later in the day were on Lockheed Martin, Microsoft, Nike, Raytheon Technologies and more.

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