Thursday’s Top Analyst Upgrades and Downgrades: Canopy Growth, Cleveland-Cliffs, Datadog, Electronic Arts, Palo Alto Networks, Peloton, Snowflake, SoFi and More

Cleveland-Cliffs Inc. (NYSE: CLF): Wolfe Research lowered its Peer Perform rating to Underperform with a $12 target price. The consensus target is $17.83. Wednesday’s $12.24 close was down over 8% for the day.

Cronos Group Inc. (NASDAQ: CRON): Bernstein initiated coverage of the marijuana stock with a Neutral rating and a $3 target price. The consensus target is $4.41. The stock closed over 8% lower on Wednesday at $2.97.

Datadog Inc. (NASDAQ: DDOG): Macquarie initiated coverage with a Neutral rating and an $85 target price. The consensus is up at $128.88. Wednesday’s $74.57 close was down close to 8% on the day, with the weak tape likely getting the blame.

DCP Midstream L.P. (NYSE: DCP): J.P. Morgan downgraded the stock to Neutral from Overweight and has a $45 target price. The consensus target is $44.17. Wednesday’s close was at $38.55.

Electronic Arts Inc. (NASDAQ: EA): Oppenheimer reiterated an Outperform rating and has a $150 target price. That compares with a $149.94 consensus target and Wednesday’s closing print of $128.66.

GasLog Partners L.P. (NYSE: GLOP): Zacks has selected this liquefied natural gas play as its Bull of the Day stock. The analyst says that this stock keeps winning and just made fresh 2022 highs. Shares last closed at $7.85, which is almost 55% higher than 90 days ago.

HubSpot Inc. (NASDAQ: HUBS): Macquarie started coverage on the company with an Outperform rating and a $355 target price objective. The higher $391.57 consensus target also compares with Wednesday’s closing print of $264.01, which was down 9% on the day.

Incyte Corp. (NASDAQ: INCY): Oppenheimer reiterated an Outperform rating with a $95 price target. The consensus target is $86.56. Wednesday’s close was at $77.15.

LendingClub Corp. (NYSE: LC): This stock is the Bear of the Day at Zacks, which suggests that investors avoid stocks that are probing 2022 lows. Shares have traded as high as $48.13 in the past year but closed most recently at a 52-week low of $9.82.

OneSpaWorld Holdings Ltd. (NYSE: OSW): Truist started coverage with a Buy rating and a $12 target price. The consensus target is $13.50. The shares closed over 2% higher on Wednesday at $9.18.

Palo Alto Networks Inc. (NASDAQ: PANW): Macquarie initiated coverage at Neutral with a $185 target price. The consensus target is up at $218.61. The stock closed at $161.78 Wednesday, down over 5% for the day.

Peloton Interactive Inc. (NASDAQ: PTON): BofA Securities resumed coverage with a Buy rating but trimmed its $19 target price to $16. The consensus target is $16.21. The stock closed on Wednesday at $8.63.

Premier Inc. (NASDAQ: PINC): Baird’s upgrade was from Neutral to Outperform with a $41 price target. The consensus target is $40.69. Wednesday’s close was at $31.94.

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