Analysts issued a wave of upgrades on Wednesday, with Palo Alto Networks and Synopsys leading the pack.
PANW was upgraded, pushing the consensus buy count from 1 to 2. The cybersecurity giant carries a $311bn market cap and light short interest of just 2.6% of free float. Analysts now hold 44 buy ratings on the stock, making it one of the Street's most loved names.
Synopsys also received an upgrade, with buy-side coverage thinning from 5 to 4 holds as a holder flipped bullish. The EDA software maker has an $84bn market cap.
Martin Marietta Materials got a clean upgrade with a $661 average price target. The construction materials firm has 14 buys versus just one sell.
In software, Salesforce and Adobe both saw target price bumps. CRM's average target ticked up to $269.48. Adobe's moved to $275.25, with 23 holds and 12 buys split evenly.
Fiserv was the session's notable laggard. Its average target slipped from $62.21 to $61.68. The payments firm carries 26 hold ratings — the highest neutral count in today's batch.
APA Corporation rounded out the movers with a target lift to $44.04, boosted by 12 holds and 10 buys amid recovering energy sentiment.
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