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Monday's Top Analyst Upgrades and Downgrades: ADP, Angi, Chipotle, Ecolab, Honest, PG&E, Seagate and More

Seagate Technology PLC (NASDAQ: STX): UBS raised the hard disk drive leader’s stock to Buy from Neutral and also lifted the target price to $105 from $83. That compares with the $104 consensus and Friday’s closing print of $90.34.

Sonos Inc. (NASDAQ: SONO): Jefferies upgraded the stock to Buy from Hold and boosted the price objective to $50 from $43. The consensus target is $45.29. The final trade on Friday was reported at $38.14. The shares are up almost 10% in Monday’s premarket trading because late Friday, after the market closed, a ruling by the U.S. International Trade Commission Judge showed that tech giant Alphabet infringed on five patents owned by Sonos.

South State Corp. (NYSE: SSB): Stephens lowered the stock to Equal Weight from Overweight and cut the price target to $67 from $92. The consensus target is $85.86. The shares closed Friday at $71.72.

VTEX (NASDAQ: VTEX): Goldman Sachs started coverage with a Neutral rating and a $25 price target. KeyBanc Capital Markets began its coverage with an Overweight rating and a $35 price target. The stock had a recent initial public offering, so the consensus target has not been set. Since the shares priced, they have traded between $21.25 and $33.36, and the stock closed on Friday at $29.28.

Wheels Up Experience Inc. (NYSE: UP): BTIG Research started coverage with a Buy rating and a $13 price target. The consensus target is $12.50. The stock retreated almost 4% on Friday to close at $8.44.

WM Technology Inc. (NASDAQ: MAPS): JMP Securities began coverage with a Market Outperform rating and a $21 price target. No consensus price objective was available. The stock closed Friday at $13.39, down almost 4% on the day.

XL Fleet Corp. (NYSE: XL): Canaccord Genuity downgraded to shares from Buy to Hold with a $6 price target. The consensus target is $7.50. The stock was last seen on Friday at $6.12, which was down almost 14% after the company reported disappointing earnings.


Fortunes were made on GameStop and a host of other meme stocks, and the question now is who is next. Five stocks could very well fit the bill, and they all have Buy ratings from Wall Street analysts.

Friday’s early top analyst upgrades and downgrades included Activision Blizzard, Bilibili, Carrier Global, Cimarex Energy, Deutsche Bank, Morgan Stanley, Palantir Technologies and Rackspace Technology. Analyst calls seen later in the day were on Airbnb, Baidu, Disney, DoorDash and more.

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