Wednesday’s Top Analyst Upgrades and Downgrades: Alphabet, Bank of America, Dollar General, Halliburton, Paramount Global, SoFi and More

Charter Communications Inc. (NASDAQ: CHTR): RBC Capital Markets reiterated an Outperform rating but dropped its $460 target price to $440. The consensus target is up at $494.23. Tuesday’s close was at $384.31.

Dollar General Corp. (NYSE: DG): Oppenheimer reiterated an Outperform rating. Its $285 target price is well above the $265.50 consensus target and Tuesday’s close at $233.60.

Edwards Lifesciences Corp. (NYSE: EW): As Bernstein downgraded the stock to Underperform from Outperform, it also slashed its $95 price target to $66. The consensus target is $90.38. The stock closed on Tuesday at $76.70.

FLEETCOR Technologies Inc. (NYSE: FLT): The BofA Securities upgrade was to Buy from Neutral, and its target price rose to $240 from $208. The consensus target is $229.05. Tuesday’s close at $208.81 was up close to 4% for the day on the upgrade.

Fortinet Inc. (NASDAQ: FTNT): MKM Partners reiterated a Buy rating but trimmed its target price from $70 to $65. The consensus target is $64.17. The stock closed almost 3% higher on Tuesday at $52.38.

Fox Corp. (NASDAQ: FOXA): Morgan Stanley resumed coverage with an Equal Weight rating and a $37 target price. The consensus target is in line at $37.13. The stock closed on Tuesday at $33.94.

Halliburton Co. (NYSE: HAL): Citing strong cash flow from oil and gas services growth, as well as rising price targets, Zacks named this oilfield services giant its Bull of the Day stock. Shares last closed at $41.22 a share, and the $49.15 consensus price target would be a multiyear high.

Incyte Corp. (NASDAQ: INCY): Piper Sandler started coverage with an Overweight rating and a $100 price target. That compares with an $87.44 consensus target and Tuesday’s closing print of $85.14.

LyondellBasell Industries N.V. (NYSE: LYB): Atlantic Equities upgraded the chemical heavyweight to Overweight from Neutral. Its $100 price objective is higher than the $88.20 consensus target. Shares were last seen on Tuesday trading at $96.71 apiece.

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