Wednesday's Top Analyst Upgrades and Downgrades: Alphabet, Apple, Boeing, HP, Netflix, PepsiCo, Snap, SunPower, Texas Instruments, Zoom Video and More

Scorpio Tankers Inc. (NYSE: STNG): Deutsche Bank upgraded the stock to Hold from Sell and raised the $34 target price to $38. The consensus target is up at $46.93. The stock almost 3% higher on Tuesday at $41.92.

Skyworks Inc. (NASDAQ: SWKS): Wells Fargo’s downgrade to Equal Weight from Overweight included a price target cut from $130 to $95. The consensus target is $132.38. Tuesday’s close at $81.16 was down over 3% for the day.

Snap Inc. (NYSE: SNAP): Credit Suisse reiterated an Outperform rating and lowered the target price to $22 from $29. The consensus target is $15.64. The stock closed on Tuesday at $10.31.

Splunk Inc. (NASDAQ: SPLK): Wells Fargo initiated coverage with an Overweight rating and a $95 price target. The consensus target is up at $129.39. The shares closed on Tuesday at $70.17.

SunPower Corp. (NASDAQ: SPWR): As BofA Securities downgraded the stock to Underperform from Neutral, it dropped its $22 target price to $18. The consensus target is $22.87. The shares ended trading on Tuesday at $20.31, down over 5% for the day.

Texas Instruments Inc. (NASDAQ: TXN): Cowen started coverage on the legacy semiconductor company with a Market Perform rating and a $170 target price. The consensus target is $185.34. Tuesday’s close was at $153.45.

Wingstop Inc. (NASDAQ: WING): Zacks named this its Bull of the Day stock. The analyst makes the case that a deflationary product might help this stock fly the coop to new highs. The shares last closed at $126.32, which is up more than 40% in the past 90 days.

Zoom Video Communications Inc. (NASDAQ: ZM): Morgan Stanley downgraded the stock to Equal Weight from Overweight and cut its $130 target price to $90. The consensus target is $104.57, and shares closed on Tuesday at $73.71.

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Tuesday’s early top analyst upgrades and downgrades included American International Group, APA, Etsy, Goldman Sachs, Howmet Aerospace, Morgan Stanley, Wayfair, Welltower, Wendy’s and Workday. Analyst calls seen later in the day were on Amgen, Blackstone, Ciena, Marvell Technology, Meta Platforms, Qorvo, ServiceNow, Rackspace Technology and more.

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