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Friday's Top Analyst Upgrades and Downgrades: Biogen, CME, Dropbox, DocuSign, Nvidia, Tilray and More

Fastly Inc. (NYSE: FSLY): RBC Capital Markets initiated coverage with a $50 price target. The stock recently closed at $54 a share, within a 52-week range of $39.47 to $136.50. The consensus price target is $56.60.

Intellia Therapeutics Inc. (NASDAQ: NTLA): H.C. Wainwright initiated coverage with a $111 price target. The stock closed near $83, in a 52-week range of $16.54 to $92.00. The consensus price target is $86.00.

International Paper Co. (NYSE: IP): Argus upgraded it to Buy from Hold and has a $75 price target. The stock was last seen around $63, in a 52-week range of $32.59 to $65.27. The consensus price target is $64.86.

Logitech International S.A. (NASDAQ: LOGI): Morgan Stanley downgraded it from Overweight to an Equal Weight rating with a $126 price target. The consensus price target is $125.62. The stock has a 52-week range of $57.40 to $140.17 and recently closed near $132 a share.

Nvidia Corp. (NASDAQ: NVDA): Zacks named this as its Bull of the Day stock. The analyst said that data center and artificial intelligence growth continues its path to overtake gaming and analysts are raising price targets. The stock most recently closed at $697.00 and has a consensus price target of $716.65.

Ping Identity Holding Corp. (NYSE: PING): Needham started coverage with a Hold rating. The stock recently closed near $25, in a 52-week range of $19.97 to $37.80. Analysts have a consensus price target of $31.88.

Quidel Corp. (NASDAQ: QDEL): Zacks selected this health care products maker as its Bear of the Day, pointing out that estimates were slashed another 30% since the first-quarter report, driving year-over-year projections negative into 2022. The shares last closed at $115.68, and its consensus price target is $170.50.

Seagate Technology Holdings PLC (NASDAQ: STX): Susquehanna upgraded the shares to Neutral from Negative. The consensus price target is $89.35, and the stock has a 52-week trading range of $43.53 to $106.22. It recently closed near $97 per share.

Signet Jewelers Ltd. (NYSE: SIG): Wells Fargo raised its Underweight rating to Equal Weight, and the firm lifted the price target to $70 from $57. Shares last closed below $70, in a 52-week range of $9.71 to $74.80. The consensus price target is $66.20.

Tilray Inc. (NASDAQ: TLRY): The CIBC downgrade to Neutral from Sector Outperform came with a $25 price target. The stock closed near $20, in a 52-week range of $4.41 to $67.00. The consensus price target is $18.98.

Investors can almost count on the taper tantrum selling when the Federal Reserve begins to slow the quantitative easing this year. Five top Dow Jones industrials will be good stocks to be in when it does, as they are all in sectors that look to benefit from the continued reopening of the economy.

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Thursday’s early top analyst upgrades and downgrades included Alaska Airlines, Clover Health Investment, CME, Dillard’s, Discovery, Fastly, Marathon Oil, ServiceNow and UPS. Analyst calls seen later in the day were on American Airlines, Biogen, Dow and more.