Friday's Top Analyst Upgrades and Downgrades: BP, Cloudflare, Expedia, FireEye, Marathon Oil, Moderna, ViacomCBS and More

Pinduoduo Inc. (NASDAQ: PDD): China Renaissance raised its Hold rating to Buy from with a $150 price target. The consensus price objective is up at $168.42. The closing trade for Thursday came in at $88.74.

Switch Inc. (NYSE: SWCH): JPMorgan upgraded the stock to Overweight from Neutral and has a $25 price target. Cowen also raised the stock, to Outperform from Market Perform with a $26 price objective. The consensus price target is $21.50. The final trade Thursday came in at $20.31. Shares were up a whopping 16% in premarket action after the company posted earnings and announced new initiatives, including the evaluation of a REIT election and review of Switch’s operational and financial targets.

Triumph Group Inc. (NYSE: TGI): The OBS upgrade was to Buy from Neutral. Over the past 52 weeks, the shares have traded between $5.96 and $22.71 apiece, and they have a consensus price target of $18.80. The stock closed at $18.12 on Thursday.

Twilio Inc. (NYSE: TWLO): Zacks has named this as its Bear of the Day stock. The analyst pointed out that this cloud darling for intelligent corporate comms has a bright future but a persistent earnings squall. Shares last closed at $377.08, and the consensus price target is $464.88.

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX): This biotech was selected as Bull of the Day at Zacks. The analyst makes the case that scientific innovation in the treatment of cystic fibrosis bolsters success and pipeline confidence. Shares last closed at $202.99 and have a consensus price target of $260.91.

ViacomCBS Inc. (NASDAQ: VIAC): Deutsche Bank raised the programming and broadcasting giant’s stock to Hold from Sell. The firm also lifted the price target from $22 to $45, which is still less than the $50.32 consensus target. Thursday’s last trade hit the tape at $41.55, following a pop of over 7% after the company posted solid quarterly results.

Four top companies are hitting on all cylinders, have earnings out of the way for the quarter and their stocks look poised to head higher the rest of 2021. That’s why Goldman Sachs just raised price targets on all of them.

Thursday’s early top analyst upgrades and downgrades included Avis Budget, Chewy, Danaher, Eli Lilly, Etsy, Fastly, Halliburton, Robinhood, Roku, Walmart and Western Digital. Analyst calls seen later in the day were on Bath & Body Works, GoDaddy, PetMed, Qorvo and more.

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