Tuesday’s Top Analyst Upgrades and Downgrades: AMD, Apple, CrowdStrike, Lucid, Netflix, Qualcomm, Shopify, Tesla, Workday and More

CrowdStrike Holdings Inc. (NASDAQ: CRWD): Deutsche Bank’s downgrade to Hold from Buy included a price target cut to $115 from $150. The consensus target for the cybersecurity software giant is up at $169.25. Monday’s final trade was for $106.30 a share.

First Energy Corp. (NYSE: FE): Guggenheim upgraded the stock to Buy from Neutral and raised its $34 target price to $46. The consensus target is $43.25. The shares closed on Monday at $41.14.

Levi Strauss & Co. (NYSE: LEVI): J.P. Morgan downgraded the apparel giant to Neutral from Overweight. It also trimmed its $19 target price to $17, below the $19.48 consensus target. The stock closed on Monday at $16.82.

Lucid Group Inc. (NASDAQ: LCID): Citigroup resumed coverage with a Buy rating and a $12 target price. That compares with the $14.43 consensus target, as well as Monday’s final print of $8.82, which was up almost 13% for the day on the strong tape and the coverage.

Netflix Inc. (NASDAQ: NFLX): Argus reiterated a Buy rating and boosted its $340 target price to $390. The consensus target is $342.83. The shares closed over 4% higher on Monday at $357.42.

PPG Industries Inc. (NYSE: PPG): Exane BNP Paribas downgraded the stock from Outperform to Neutral with a $130 target price. The consensus target is $135.27. Monday’s close was at $130.30.

Qualcomm Inc. (NASDAQ: QCOM): When Barclays upgraded the stock to Overweight from Equal Weight, it raised the $120 target price to $150. The consensus target is $146.15. The shares closed almost 7% higher on Monday at $131.03.

RingCentral Inc. (NYSE: RNG): MKM Partners cut its Buy rating to Neutral with a $40 target price. The consensus target is up at $52.54. Monday’s close of $38.11 was a gain of close to 5% on the day, despite the downgrade.

Seagate Technology Holdings PLC (NASDAQ: STX): Barclays upgraded the stock to Overweight from Equal Weight. It lifted its $50 target price to $70, still short of the $91.01 consensus target. The stock closed on Monday at $63.23, up over 6% on the day, likely on the upgrade.

Shopify Inc. (NYSE: SHOP): Deutsche Bank raised its Hold rating to Buy, and its $40 target price rose to $50. The consensus target is $41.48. Monday’s final trade was for $44.04 a share.

Skechers USA Inc. (NYSE: SKX): Cowen’s upgrade to Outperform from Market Perform came with a target price hike to $65 from $48. The consensus target is $48.63. The stock closed at $48.75 on Monday.

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