Friday’s Top Analyst Upgrades and Downgrades: American Airlines, Broadcom, Chevron, DraftKings, Exxon Mobil, Hertz, McDonald’s, Merck, Meta, Shopify and More

CRISPR Therapeutics AG (NASDAQ: CRSP): Cantor Fitzgerald started coverage with an Overweight rating and a $72 target price. The consensus target is $84.19 for now. The stock closed 16% higher on Thursday at $50.56 after the upgrade and additional positive commentary.

DraftKings Inc. (NASDAQ: DKNG): Exane BNP Paribas lifted its Underperform rating to Neutral with a $17 target price. The consensus target is $24.14. The shares closed on Thursday at $19, which was up over 2% for the day.

Enphase Energy Inc. (NASDAQ: ENPH): HSBC Securities started coverage with a Buy rating and a $271 price target. The consensus target is $292.06. Thursday’s $209.69 close was up almost 7% on the day after numerous bullish analyst calls.

EOG Resources Inc. (NYSE: EOG): Though Scotiabank upgraded the shares to Sector Outperform from Sector Perform, it also trimmed its $150 target price to $145. The consensus target is $144.68. The stock closed on Thursday at $121.28.

Exxon Mobil Corp. (NYSE: XOM): The Sector Outperform rating at Scotiabank dropped to Sector Perform, and the analyst trimmed the $140 target price to $135. The consensus target is $128.09. Thursday’s final trade was for $115.77 a share.

First Solar Inc. (NASDAQ: FSLR): Deutsche Bank downgraded the stock to Hold from Buy but raised its $190 target price to $230. The consensus target is $209.44. Thursday’s close was at $211.26.

Freshpet Inc. (NASDAQ: FRPT): Oppenheimer reiterated an Outperform rating. Its $80 target price compares with a $74.50 consensus target and Thursday’s close at $66.22, which was up almost 5% on the positive commentary.

Hertz Global Holdings Inc. (NASDAQ: HTZ): This vehicle rental giant was selected as the Bear of the Day at Zacks, which cited the departure of the chief financial officer as a red flag. Shares have traded as high as $24.35 in the past year but closed most recently at $15.68.

LSB Industries Inc. (NYSE: LXU): The Jefferies downgrade to Hold from Buy came with a price target cut in half to $10 from $20. The consensus target is $18.24. The stock closed almost 5% lower on Thursday at $9.53 after the downgrade.

LyondellBasell Industries N.V. (NYSE: LYB): Jefferies downgraded the chemical heavyweight to Hold from Buy. Its $113 price objective was cut to $90, below the $99.15 consensus figure. Shares closed on Thursday at $96.06.

McDonald’s Corp. (NYSE: MCD): Oppenheimer raised its $304 target price to $315 while keeping a Buy rating and calling the stock a top pick at the firm. The consensus target is $296.61. The shares closed on Thursday at $289.07.

Merck & Co. Inc. (NYSE: MRK): Citigroup upgraded the shares to Buy from Neutral and boosted its $105 target price to $121. The consensus target is $118.96. The stock closed on Thursday at $115.63.

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