Thursday's Top Analyst Upgrades and Downgrades: AutoZone, Charter Communications, Edwards Lifesciences, FuboTV, Phillips 66, Southwest Air, Stitch Fix, Toll Brothers and More

Pulmonx Corp. (NASDAQ: LUNG): Piper Sandler raised its Neutral rating to Overweight with a $45 price target. The consensus target is much higher at $54.33. The stock closed Wednesday at $36, up over 6% on the day.

Southwest Airlines Co. (NYSE: LUV): Jefferies downgraded the popular low-cost carrier to Hold from Buy and lowered the $60 price target to $45. The consensus target is $62.38. The stock closed at $45.27 on Wednesday.

Stitch Fix Inc. (NASDAQ: SFIX): Telsey Advisory kept its Outperform rating but slashed the price target to $40 from $55. The consensus target is $45.35. The shares closed Wednesday at $19, which was down a stunning 24% following a new, downbeat growth outlook. The e-commerce apparel retailer is predicting that it will lose customers in the current quarter before growth begins to recover in the second half of the fiscal year. Other analysts think Stitch Fix has bottomed.

SVB Financial Group (NASDAQ: SIVB): Wells Fargo’s upgrade to Overweight from Equal Weight included a price target hike to a stunning $900 from $715. The consensus target is $831.29. Wednesday’s final trade was filled at $710.21.

Synaptics Inc. (NASDAQ: SYNA): Cowen reiterated its Outperform rating and raised the price target to $310 from $250. The consensus target is $261.82. The final trade on Wednesday was reported at $290.64.

TechnipFMC PLC (NYSE: FTI): Jefferies raised the oil services stock to Buy from Hold and has a $9 price target. The consensus target is $7.58. The last trade on Wednesday came in at $6.61.

Toll Brothers Inc. (NYSE: TOL): Goldman Sachs kept a Sell rating on the shares of the luxury home builder and has a $60 price target. The consensus target is $70.68. Wednesday’s last trade was at $72.45 per share.

Shares of five top established and mature biotechnology and pharmaceutical companies have been hit hard and are offering some of the best entry points in months. The stocks also are rated Buy at top Wall Street firms and come with dividends.

AMC and GameStop were once again among the meme stock movers on Wednesday.

Wednesday’s early top analyst upgrades and downgrades included Boeing, Coterra Energy, Goodyear Tire, Honeywell,, Kraft Heinz, Lowe’s, Nio, Patterson-UTI Energy, Pinduoduo and Starbucks. Analyst calls seen later in the day were on AutoZone, NXP Semiconductors, Stitch Fix and more.

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