Wednesday's Top Analyst Upgrades and Downgrades: AMD, Boston Scientific, Intel, Kinder Morgan, Riot Blockchain, Virgin Galactic and More

Twilio Inc. (NYSE: TWLO): Zacks selected this as its Bear of the Day stock, saying that this cloud darling for intelligent corporate comms has a bright future, but a persistent squall on earnings growth. Shares last closed at $324.21, and the consensus price target is $466.52.

Urban Outfitters Inc. (NASDAQ: URBN): JPMorgan upgraded shares of the popular clothing retailer to Neutral from Underweight. The firm also raised the price target to $38. The consensus price objective is $39.33, and the shares closed on Tuesday at $34.96. The stock was up almost 10% in the premarket in the wake of a very strong earnings report.

Verra Mobility Corp. (NASDAQ: VRRM): Though Morgan Stanley downgraded it to Equal Weight from Overweight, the analyst also raised the price target to $15. The consensus target is $17.67, and the stock closed at $14.96 on Tuesday.

Virgin Galactic Holdings Inc. (NASDAQ: SPCE): Canaccord Genuity started coverage with a Buy rating and a $35 price target. That compares with the consensus price objective of $29.80 and the Tuesday closing price of $25.59 a share.

Western Midstream Partners L.P. (NYSE: WES): Morgan Stanley upgraded the shares to Equal Weight from Underweight and raised the price target to $22. The consensus target is up at $23.47, and the stock closed Tuesday at $20.20.

Zscaler Inc. (NYSE: ZS): When BMO Capital Markets upgraded the stock to Outperform from Market Perform, it also raised the price target to $225. The consensus target is $231.04. Tuesday’s last trade hit the tape at $172.74 a share.

Information technology plays a massive part in corporate productivity, and many of the top stocks look primed for a nice second half of 2021 as IT demand picks up again. BofA Securities is very positive on four industry leaders.

Find out which office REITs Goldman Sachs favors now. Also see why Domino’s Pizza stock may be cooling off and Lordstown Motors could go out of business.

Tuesday’s early top analyst upgrades and downgrades included Abbott Laboratories, Adobe, Canopy Growth, Coinbase, Dollar General, Domino’s Pizza, Medtronic, Palo Alto Networks and Target. Analyst calls seen later in the day were on Boston Scientific, Gap, Molson Coors and more.

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