Thursday’s Top Analyst Upgrades and Downgrades: Adobe, Apple, Conagra, CrowdStrike, IBM, Morgan Stanley, Oracle, PayPal, Seagate, Shopify and More

CrowdStrike Holdings Inc. (NASDAQ: CRWD): BMO Capital Markets initiated coverage with an Outperform rating and a $120 price target. The consensus target is higher at $173.58. The shares ended Wednesday’s trading at $101.00, down over 3% on the day.

Fortinet Inc. (NASDAQ: FTNT): Scotiabank started coverage with a Sector Outperform rating and a $65 target price. The consensus target is $63.93. The last trade for Wednesday was down over 3% to $48.38.

GoDaddy Inc. (NYSE: GDDY): SMBC Nikko’s upgrade to Outperform from In Line included a price target hike to $103 from $86. The consensus target is $92.89. Wednesday’s close was up over 3% to $78.15.

International Business Machines Corp. (NYSE: IBM): Morgan Stanley’s downgrade was to Equal Weight from Overweight, and its $152 price target slipped to $148. The consensus target is $143.31. The shares closed Wednesday at $140.41, which was down over 3% on the day.

Lam Research Corp. (NASDAQ: LRCX): Stifel resumed coverage with a Hold rating and a $450 price target. The consensus target is $452.83. The stock closed on Wednesday at $466.89.

Levi Strauss & Co. (NYSE: LEVI): The Buy rating at BofA Securities was cut to Neutral. The analyst also trimmed the $19 target price to $17, below the $19.71 consensus target. The stock closed on Wednesday at $16.22.

Lightspeed Commerce Inc. (NYSE: LSPD): SMBC Nikko raised its Neutral rating to Outperform with a $21 target price. The consensus target is $30.14. The shares were last seen Wednesday trading at $16.27, which was a 2% decline on the day.

Magellan Midstream Partners L.P. (NYSE: MMP): Barclays lifted its Equal Weight rating to Overweight with a $59 price objective. The consensus target is $56.87. Wednesday’s close was at $52.29.

Mobileye Global Inc. (NASDAQ: MBLY): Deutsche Bank initiated coverage with a Buy rating and a $48 price target. The consensus target is $43.15. The stock closed Wednesday at $33.48, up over 6% for the day on the strong upgrade.

Morgan Stanley (NYSE: MS): Citigroup’s downgraded was from Buy to Neutral with a $100 target price. The consensus target is $96.15. The stock closed on Wednesday at $96.58.

Myriad Genetics Inc. (NASDAQ: MYGN): Raymond James upgraded the stock to Outperform from Market Perform and has a $25 target price. The consensus target is $18.88. The shares closed on Wednesday at $19.65, almost a 6% gain for the day on the upgrade.

Natera Inc. (NASDAQ: NTRA): The Raymond James upgrade was from Market Perform to Outperform with a $58 price target. The consensus target is higher at $73.08. Wednesday’s close was at $40.98.

Oatly Group AB (NASDAQ: OTLY): Mizuho upgraded the shares to Buy from Neutral. It also raised its $2.50 target price to $6, well above the $3.98 consensus target. The shares ended Wednesday trading at $2.58, down 4% on the day despite the upgrade.

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