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Monday's Top Analyst Upgrades and Downgrades: Capital One, Etsy, Fiserv, Progessive, Splunk, Ulta Beauty, Visa and More

Merus N.V. (NASDAQ: MRUS): Citigroup upgraded the shares to Buy from Neutral and raised the price target to $31. The consensus target is $28.75. The stock was last seen trading at $20.68 on Friday.

NextDecade Corp. (NASDAQ: NEXT): Morgan Stanley both upgraded it to Overweight from Equal Weight and raised the price target to $6. The consensus target is $2.80. The stock closed Friday at $2.44.

Progressive Corp. (NYSE: PGR): Morgan Stanley downgraded the shares to Underweight from Equal Weight and lowered the price target to $85. The consensus target is $103.58, and Friday’s closing share price was $100.36.

Splunk Inc. (NASDAQ: SPLK): Summit Insights raised its Hold rating on the big data leader to Buy with a $160 price target. The consensus target is $168.30. The last trade to hit the tape on Friday came in at $112.41.

Ulta Beauty Inc. (NASDAQ: ULTA): Zacks named this as the Bull of the Day. The analyst said that bulls looking good again after a blowout earnings report. Shares most recently closed at $326.62 and have a consensus price target of $369.37.

Unity Biotechnology Inc. (NASDAQ: UBX): H.C. Wainwright initiated coverage with a Buy rating and a $12 price target. The consensus target is just $6.00. The stock closed on Friday at $4.56

Visa Inc. (NYSE: V): Piper Sandler upgraded the credit card and payments giant to Overweight from Neutral and also raised the price target to $260. The slightly higher $265.85 consensus target is also well above Friday’s closing print of $230.14 a share.

Vocera Communications Inc. (NASDAQ: VCRA): BTIG Research started coverage with a Buy rating and a $45 price target. The consensus price objective is $46.27. The last trade for Friday came in at $34.11 per share.


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Friday’s early top analyst upgrades and downgrades included ADS, BioMarin Pharmaceutical, Dick’s Sporting Goods, Freeport-McMoRan, Northrop Grumman, Simon Properties and U.S. Steel. Analyst calls seen later in the day were on Capital One, Diageo, Wells Fargo and more.