Thursday’s Top Analyst Upgrades and Downgrades: Amgen, Bloom Energy, ConocoPhillips, Livent, Palo Alto Networks, SLM, UnitedHealth and More

Bloom Energy Corp. (NYSE: BE): Raymond James downgraded the shares to Outperform from Strong Buy and trimmed its $29 target price to $25. The consensus target is $29.58. Wednesday’s $18.26 close was down over 4% for the day on the downgrade.

Bloomin’ Brands Inc. (NASDAQ: BLMN): Zacks named this as its Bull of the Day stock, citing earnings momentum, a dividend raise and stock buybacks. Shares last closed at $24.90, and the $30.00 consensus target price would be a 52-week high.

Cigna Group (NYSE: CI): Raymond James upgraded the stock to Strong Buy from Outperform. Its $350 target price compares with a $349.13 consensus target. The shares closed almost 4% higher Wednesday at $265.88.

ConocoPhillips (NYSE: COP): Societe Generale upgraded the energy giant from Sell to Hold with a $105 target. The consensus target is up at $131.17. The stock closed on Wednesday at $107.75.

Dutch Bros. Inc. (NYSE: BROS): Wedbush lifted its Neutral rating to Outperform with a $37 target price. The consensus target is $38.80. Wednesday’s close was at $31.89.

Fastenal Co. (NASDAQ: FAST): Stifel initiated coverage with a Buy rating and a $61 price target. The consensus target is $51.63. The stock closed at $51.51 on Wednesday.

Fluence Energy Inc. (NASDAQ: FLNC): Guggenheim’s upgrade was from Neutral to Buy with a $25 target price. The consensus target is $25.87. The shares closed on Wednesday at $19.19.

Jackson Financial Inc. (NYSE: JXN): The $36 Goldman Sachs target price was raised to $41, though the firm kept a Neutral rating. The consensus target is $42.20. Wednesday’s close was at $35.69.

Livent Corp. (NYSE: LTHM): Though BofA Securities upgraded the stock to Buy from Neutral, the analyst trimmed the $29 target price to $27. The consensus target is $33.05. The stock closed on Wednesday at $20.27.

On Holding AG (NYSE: ONON): Baird’s downgrade was from Outperform to Neutral with a $33 target price. The consensus target is $32.30. The stock closed almost 10% lower Wednesday at $29.34 after the downgrade.

Palo Alto Networks Inc. (NASDAQ: PANW): Truist Financial reiterated a Buy rating. Its $225 target price compares with a $222.63 consensus target and the closing price of $194.18 on Wednesday.

Sealed Air Corp. (NYSE: SEE): UBS upgraded the stock to Buy from Neutral and has a $59 price objective. The consensus target is $58, and shares closed on Wednesday at $46.99.

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