Wednesday’s Top Analyst Upgrades and Downgrades: Applied Materials, CrowdStrike, First Solar, Newmont, Occidental Petroleum, Palo Alto Networks, Twilio, Zscaler and More

CrowdStrike Holdings Inc. (NASDAQ: CRWD): Goldman Sachs started coverage on the cybersecurity giant with a Buy rating and a $141 price target. The consensus target is $167.51. Tuesday’s $116.31 was up close to 4% for the day on the upgrade.

Encore Capital Group Inc. (NASDAQ: ECPG): Northland Capital cut its Outperform rating to Market Perform with a $58 target price. The consensus target is $62.25. The stock closed on Tuesday at $55.61, down almost 4% for the day on the downgrade.

Fidelity National Information Services Inc. (NYSE: FIS): Morgan Stanley’s upgrade to Overweight from Equal Weight included a target price hike to $79 from $73. However, Credit Suisse lowered its Outperform rating to Neutral and dropped the $85 target price to $75, while Citigroup’s downgrade was to Neutral from Buy and its $85 target price dropped to $70. The consensus target is $85.23, and the stock closed 3% higher on Tuesday at $67.81.

First Solar Inc. (NASDAQ: FSLR): Although Evercore ISI downgraded the stock to In Line from Outperform, it also lifted its $150 target price to $157. The consensus target is up at $174.87. The shares closed on Tuesday at $165.04.

Five Below Inc. (NASDAQ: FIVE): Truist Financial raised its target price to $217 from $196. The consensus target is $205.91, but shares ended trading on Tuesday at $206.44.

Fortinet Inc. (NASDAQ: FTNT) Goldman Sachs began coverage with a Buy rating and a $73 price target. The consensus target is $68.50. Tuesday’s closing share price was $61.19.

Haemonetics Corp. (NYSE: HAE): Estimates and price targets are on the rise after a strong quarter, says Zacks, which selected this stock as the Bull of the Day. The shares last closed at $82.97, and the $100.86 consensus price target would be a 52-week high.

Indie Semiconductor Inc. (NASDAQ: INDI): As B. Riley Securities upgraded the shares to Buy from Neutral, it bumped up the $10 price target to $13. The consensus target is $13.50. Tuesday’s closed at $9.38 was up almost 15% for the day on the upgrade.

Lattice Semiconductor Corp. (NASDAQ: LSCC): Stifel raised its $46 target price on the Hold-rated shares to $71. The consensus target is $74.54. Tuesday’s $89.27 closed was a gain of almost 8% on the day after outstanding results were posted.

Newmont Corp. (NYSE: NEM): The Buy rating at UBS dropped to Hold, and the analyst also lowered the $59 target price to $53. The consensus target is $73.02. Tuesday’s final trade was reported at $47.01.

Occidental Petroleum Corp. (NYSE: OXY): The upgrade at Goldman was from Neutral to Buy with an $81 target price. The consensus target is $75.73. Tuesday’s close at $66.34 was up close to 3% for the day on the upgrade.

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