Analyst recommendations: Adobe, CrowdStrike, Fortinet, Fedex, Netflix...

Every day, find a selection of analysts' recommendations covering North America and the UK. The list only includes companies that have been the subject of a change of opinion or price target, or of a new coverage. It may be updated during the session. This information is used to shed light on the movements of certain stocks or the market sentiment on a company.

 

• Adobe: BofA Global Research downgrades to neutral from buy. PT up 13% to $350.
• Ansys: J.P. Morgan upgrades to overweight from rating suspended. PT up 14% to $275.
• Arrow Electronics: Wells Fargo Securities downgrades to underweight from equal-weight. PT down 13% to $87.
• Autodesk: J.P. Morgan moves to neutral from rating suspended. PT up 0.8% to $203.
• Avnet: Wells Fargo Securities downgrades to underweight from equal-weight. PT down 13% to $35.
• Big Yellow: J.P. Morgan upgrades from neutral to overweight targeting GBp 1550.
• CrowdStrike: MKM Partners starts at buy with $240 price target.
• Discover Financial: Citi raised its recommendation to buy from neutral. PT up 39% to $140.
• Fedex: J.P. Morgan downgrades to neutral from overweight. PT up 4.5% to $214.
• Fevertree: Berenberg downgrades from buy to hold targeting GBp 1000.
• Fortinet: MKM Partners starts at buy with $70 price target.
• InterContinental Hotels: Citi downgrades from neutral to sell targeting GBp 4450.
• Investec: Berenberg starts tracking as Buy with a target of GBp 540.
• ITM Power: Berenberg remains on the sell side with a target reduced from GBp 185 to GBp 100.
• Netflix: Citigroup adjusts price target to $305 from $275, reiterates buy rating.
• Snowflake: Needham starts at buy with $240 price target