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Wednesday's Top Analysts Upgrades and Downgrades: Bloomin' Brands, ChargePoint, Clorox, Cloudflare, Intel, Novavax, Owens Corning, Palo Alto Networks, PPL and More

ChargePoint Holdings Inc. (NYSE: CHPT): Needham reiterated a Buy rating but cut the target price to $24 from $35. The consensus target is $28.94. The last trade Tuesday was filled at $12.97 down over 6%.

Clorox Co. (NYSE: CLX): This was named as the Bear of the Day at Zacks. The analyst cited the year-over-year top-line and bottom-line declines in its past four quarterly reports. The stock has traded as high as $196.67 in the past year but closed most recently at $148.50, which is down about 15% year to date.

Cloudflare Inc. (NYSE: NET): JMP Securities resumed coverage on the cybersecurity stock with a Market Outperform rating, and it dropped the $220 price target to $175. The consensus target is $161.29. Shares ended Tuesday trading at $94.73.

Credo Technology Group Holding Ltd. (NASDAQ: CRDO): Goldman Sachs started coverage with a Buy rating and a $23 target price. Needham and Stifel also started coverage with Buy ratings, each with a $20 target. The company had a recent initial public offering, so a consensus target has not been tabulated. The shares were one of the few winners on Tuesday, closing up almost 3% to $15.62.

CyberArk Software Ltd. (NASDAQ: CYBR): JMP Securities resumed coverage with a Market Outperform rating, while chopping the $214 target price to $175. The consensus target is $210.41. The last trade on Tuesday was reported at $140.73.

DoubleVerify Inc. (NYSE: DV): BMO Capital Markets started coverage with an Outperform rating and a $37 target price. The consensus target is $37.70. The stock was last seen Tuesday at $26.92, up close to 3% on the day.

Generac Holdings Inc. (NYSE: GNRC): Stifel reiterated a Hold rating on the home generator giant while slashing the $500 target price to $415. The consensus target is $461.89. The last trade on Tuesday was reported at $282.47, which was down over 4% for the day.


Intel Corp. (NASDAQ: INTC): Raymond James raised the legacy chip giant to Market Perform from Underperform. The shares have traded in a 52-week range of $43.85 to $68.49, and they have a $54.64 consensus target. The final trade Tuesday for at $44.69 a share.

Novavax Inc. (NASDAQ: NVAX): Jefferies resumed coverage of the stock with a Buy rating and a $198 target price, though that is well below the $232 consensus target. The last trade Tuesday came in at $79.39, after retreating 3% on the day.

Owens Corning (NYSE: OC): RBC Capital Markets reiterated a Sector Perform rating and lifted its target price to $105 from $97. The consensus target is up at $121.44. The shares were last seen on Tuesday at $93.59, down close to 5% for the day, but they headed higher in premarket trading.

Palo Alto Networks Inc. (NASDAQ: PANW): JMP Securities resumed coverage of the cybersecurity heavyweight with an Outperform rating and lifted the price target to $620 from $585. The consensus target is $615.08. Tuesday’s closing trade was at $475.51. The shares were up almost 8% in premarket trading, after the company posted outstanding earnings and revenue.

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