Investing

Friday's Top Analyst Upgrades and Downgrades: Alibaba, Chewy, Danaher, Energy Transfer, LiveNation, Salesforce, Splunk and More

Maxar Technologies Ltd. (NYSE: MAXR): Morgan Stanley started coverage with an Overweight rating and a $50 price target. The consensus price objective is up at $60.52. The stock closed on Thursday at $33.12.

NOW Inc. (NASDAQ: DNOW): Stifel raised its Hold rating to Buy, and the firm also lifted the price target to $12 from $11. The consensus target is $12.17. The closing share price on Thursday was $8.94.

Salesforce.com Inc. (NASDAQ: CRM): Stifel resumed coverage with a Buy rating and a $295 price target. That compares with the $278.66 consensus target and Thursday’s closing print of $237.58.

Seagate Technology Inc. (NASDAQ: STX): Goldman Sachs raised the price target on the shares to $85 from $74 but kept a Sell rating on the hard disk and solid-state drive leader. The consensus target is much higher at $102.90, and Thursday’s closing print was $86.15.

Spunk Inc. (NASDAQ: SPLK): Goldman Sachs reiterated its Buy rating on the big data leader and has a $215 price target. The consensus target is just $168.31. The final trade on Thursday was reported at $133.58.

Synopsys Inc. (NASDAQ: SNPS): This was named as the Bull of the Day at Zacks, which said that the company is the backbone of innovation for global electronics. Shares most recently closed at $277.68 and have a consensus price target of $302.00.

Textron Inc. (NYSE: TXT): Goldman Sachs added this stock to its Conviction List of top picks. The firm’s $82 price target is above the $76.18 consensus target. The shares closed on Thursday at $66.90 apiece.


While these five BofA Securities defensive stock picks may be far from the go-go momentum and mega-tech giants, they all pay dependable dividends and can soften the blow if we see a big sell-off over the next six weeks to three months.

Also, check out the meme stocks that were on the move on Thursday.

Thursday’s early top analyst upgrades and downgrades included Advanced Micro Devices, ArcelorMittal, Baker Hughes, Delta Air Lines, EOG Resources, Foot Locker, NXP Semiconductor and Plug Power. Analyst calls seen later in the day were on Nvidia, SeaWorld, Wells Fargo, Zoom Video and more.