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Monday's Top Analyst Upgrades and Downgrades: AMD, Amazon, Apple, Bank of America, IBM, Lockheed Martin, Starbucks, Twitter and More

Amazon.com Inc. (NASDAQ: AMZN): Jefferies reiterated its Buy rating on the technology giant’s shares but cut the price target from $4,200 to $4,000. The consensus target is $4,145.46. The final trade for Friday was reported at $3,372.43 a share.

Apple Inc. (NASDAQ: AAPL): Credit Suisse resumed coverage of the popular consumer electronics leader with a Neutral rating and a $150 price target. The consensus target is much higher at $168.84. The closing price on Friday was $149.80 per share.

Avantor Inc. (NASDAQ: AVTR): Goldman Sachs maintained a Buy rating on the shares and has a $46 price target. The consensus target is $43.42. The stock closed Friday at $40.38, which was up almost 6% on the day after the company beat third-quarter earnings and revenue estimates.

Bank of America Corp. (NYSE: BAC): Baird lowered its Neutral rating on the money center giant to Underperform with a $42 price target. The consensus target is $47.17, and Friday’s closing print was $47.78. As shares are trading just shy of the 52-week high, this looks like a valuation call.

Cohu Inc. (NASDAQ: COHU): Rosenblatt resumed coverage with a Buy rating and a $45 price target. The consensus target is $44.89. The shares closed on Friday at $32.04.

CrowdStrike Holdings Inc. (NASDAQ: CRWD): BTIG Research downgraded the cybersecurity stock to Neutral from Buy. Over the past year, the shares have traded between $118.10 and $297.40, and they have a consensus price objective of $310.48. The final trade for Friday hit the tape at $281.80.


Extra Space Storage Inc. (NYSE: EXR): Goldman Sachs reiterated a Buy rating on the stock after the company posted solid third-quarter results. The analyst has a $237 price target, well above the $197.86 consensus target and Friday’s close at $197.37 a share.

Hershey Co. (NYSE: HSY): Piper Sandler reiterated its Overweight rating on the shares and lifted the $194 price objective to $205. The consensus target is $187.89. The final trade for Friday was reported at $175.35 per share.

International Business Machines Corp. (NYSE: IBM): Credit Suisse resumed coverage with an Outperform rating and a $172 price target. That compares with a $150.84 consensus price objective and Friday’s final trade at $125.10 a share.

Lockheed Martin Corp. (NYSE: LMT): BofA Securities downgraded the aerospace and defense giant to Neutral from Buy and slashed the price target to $375 from $440. The posted consensus target is $398.44. The stock closed at $332.32 on Friday.

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