While the Nasdaq hit 10,000 for the first time, the Dow Jones industrials and S&P 500 both took a bit of a breather on profit-taking on Tuesday. The indexes were all marginally higher on Wednesday morning, and they have recovered the lion’s shares of their losses from the peak of the panic selling in March. The investing community has been pivoting beyond the COVID-19 pandemic as the economy opens up, as well as looking beyond the bad news dominating the media right now, beyond the economic recession and weak earnings.

24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new ideas for long-term investors and short-term traders alike. Some analyst reports cover stocks to buy, and some cover stocks to sell or avoid.

What has happened in this most recent drive of the gains is that many analyst calls have included upgrades and price target hikes, but often stocks are managing to move even beyond what the ratings and expectations might have indicated.

Remember, no single analyst report should be used as a sole basis for any buying or selling decision. Consensus analyst target prices are from Refinitiv.

These are the top analyst calls we have seen on Wednesday, June 10, 2020.

Apple Inc. (NASDAQ: AAPL) closed up 3.1% at $343.99 a share and hit a new all-time high of $345.61 on Tuesday, not counting Wednesday’s jump to $348 in premarket trading. Deutsche Bank reiterated Apple as Buy and raised its price target to $350 from $320.

Arcus Biosciences Inc. (NASDAQ: RCUS) was reiterated as Buy and its price target was raised to $45 from $22 (versus a $29.57 prior close) at SunTrust Robinson Humphrey, which noted that it was adding in TIGIT to its model as competitor data provided some proof of concept.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) was maintained as Underweight and its price target was raised to $6 from $4 at Wells Fargo. Shares closed down 7.8% at $9.09 on Tuesday, with a $6.96 consensus price target.

BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) was reiterated as Buy and its price objective was raised to $130 from $120 (versus a $105.09 close) at BofA Securities.

Boeing Co. (NYSE: BA) was reiterated as Buy and its price target was raised to $270 from $185 at Jefferies. Boeing closed down almost 6% at $216.81 on Tuesday, but that is still up over 100% from its lows. The consensus price target is $171.55.

Carvana Co. (NYSE: CVNA) was reiterated as Buy and its price target was raised to $135 from $100 (versus a $113.55 close) at Needham.

Carrier Global Corp. (NYSE: CARR) was downgraded to Neutral from Overweight at JPMorgan.

Chevron Corp. (NYSE: CVX) was downgraded to Underperform from Sector Perform with a $100 price target at RBC Capital Markets. Chevron closed down 1.6% at $101.53 on Tuesday and was indicated down 1.1% more at $100.40 on Wednesday. The consensus price target was $98.19.

Chewy Inc. (NYSE: CHWY) was up 5.6% at $51.51 ahead of earnings but was down 1.9% at $50.61 afterward. Wedbush Securities maintained its Outperform rating but raised its target price to $55 from $53, and it said the results are not just a one-time pop. BofA Securities reiterated its Buy rating and raised its price objective to $60 from $47, and UBS maintained its Neutral rating and raised its target to $49 from $45.

Cisco Systems Inc. (NASDAQ: CSCO) was downgraded to Neutral from Outperform and the price target is $48 (versus a $48.05 close) at Robert W. Baird. Cisco had a $48.62 prior consensus target price and a 52-week trading range of $32.40 to $58.26.

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) was raised to Neutral from Underperform and the price objective was raised to $60 from $49 (versus a $57.19 close) at BofA Securities.

Cree Inc. (NASDAQ: CREE) was downgraded to Neutral from Buy and its price target was raised to $56 from $50 (versus a $61.69 close) at Goldman Sachs.

Duluth Holding Inc. (NASDAQ: DLTH) was named as the Bull of the Day at Zacks, which said that this stock saw an epic short squeeze. Shares most recently closed at $9.36 and have a consensus price target of $6.33.

eBay Inc. (NASDAQ: EBAY) was raised to Hold from Underperform and its price target was raised to $52 from $30 (versus a $49.75 close) at Jefferies. Its consensus price target was $47.43, and its 52-week high is $51.88.

Encore Wire Corp. (NASDAQ: WIRE) was named as the Zacks Bear of the Day stock. The firm said that despite having the lowest Zack’s rank, this stock might be worth a deeper look. Shares last closed at $51.42, with a consensus price target of $56.50.

Etsy Inc. (NYSE: ETSY) was raised to Buy from Hold at Jefferies, and its price target was raised to $110 from $71 in the call, based on the stay-at-home driving demand and Etsy having enough leverage to boost its “take rate” and signaling that sellers are helping to fund Etsy’s marketing spending.

Five Below Inc. (NASDAQ: FIVE) was down 3.2% at $103.90 ahead of earnings but was indicated up 11% at $115 or so on Wednesday morning. BofA Securities reiterated it as Buy and raised its price objective to $140 from $120. Wells Fargo reiterated its Overweight rating and raised its target to $120 from $115, while UBS maintained a Neutral rating but raised its target to $114 from $104.

GameStop Corp. (NYSE: GME) was down 1% at $4.96 ahead of earnings and was down another 6% at $4.65 afterward. Wedbush reiterated it as Neutral and raised its price target to $5.00 from $4.25.

Groupon Inc. (NASDAQ: GRPN) was reiterated as Neutral with a $1.75 price target (versus a $1.60 close) at Wedbush, with the firm noting that significant demand and cost headwinds are likely to persist into 2021.

Home Depot Inc. (NYSE: HD) was reiterated as Buy and its price target was raised to $280 from $265 (versus a $256.76 close) at UBS. Home Depot hit a new high of $258.29 on Tuesday, and its consensus target price was $250.22 ahead of this call.

Macquarie Infrastructure Corp. (NYSE: MIC) was raised to Hold from Buy and its price target was raised to $42 from $34 (versus a $31.77 close) at SunTrust Robinson Humphrey.

Micron Technology Inc. (NASDAQ: MU) was downgraded to Neutral from Outperform with a $55 price target (versus a $53.15 close) at Wedbush. The firm noted that strength in the third quarter appears to be a peak and that the valuation is toppy considering that demand and pricing conditions in the memory market are now more likely to deteriorate.

Thor Industries Inc. (NYSE: THO) was reiterated as Overweight and the price target was raised to $140 from $62 (versus a $110.75 close) at KeyBanc Capital Markets. It has a 52-week trading range of $32.30 to $114.71, and its consensus price target was $91.43.

TrueCar Inc. (NASDAQ: TRUE) was raised to Buy from Neutral with a $5 price target (versus a $2.88 close) at B. Riley FBR. The stock was indicated up over 14% at $3.44 on Wednesday, and its prior consensus target price was $3.24.

United Airlines Holdings Inc. (NYSE: UAL) and JetBlue Airways Corp. (NASDAQ: JBLU) were both downgraded to Neutral from Overweight at JPMorgan for the same reason: both stocks have rallied to the point that the underlying business conditions do not merit more bargain buying and momentum chasing. United was down 8% at $44.64 on Tuesday and down another 4% at $42.80 on Wednesday. JetBlue was down 8.8% at $14.21 on Tuesday and down another 6% at $13.35 on Wednesday. Both stocks had more than doubled from their lows.

Winnebago Industries Inc. (NYSE: WGO) was reiterated as Overweight and the price target was raised to $80 from $45 (versus a $68.09 close) at KeyBanc Capital Markets. It has a 52-week range of $16.94 to $70.36, and its consensus price target was $51.75.

Yext Inc. (NYSE: YEXT) was started with a Buy rating and a $19 price target at Needham. Shares were down 3.2% at $15.60 on Tuesday and were indicated up 2.5% at $16.00 on Wednesday. The stock has a $17.50 consensus target price, and its 52-week range is $8.56 to $22.65.

Jefferies has five health care stocks in which it has conviction behind the Buy ratings for significant upside in the second half of 2020.

Tuesday’s top analyst upgrades and downgrades included Avaya, Biogen, Broadcom, Chevron, Domino’s Pizza, eBay, MGIC Investment, RealReal, Sprout Social, T-Mobile, Zoom Video Communications, Zynga and more.

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