Friday’s Top Analyst Upgrades and Downgrades: American Express, Keurig Dr Pepper, Meta, Teva Pharmaceutical and More

Cirrus Logic Inc. (NASDAQ: CRUS): Zacks named this stock as its Bear of the Day, with the analyst pointing out that not all semiconductor companies are printing profits. Shares have traded as high as $111.15 in the past year but closed most recently at $79.53.

Eagle Materials Inc. (NYSE: EXP): J.P. Morgan downgraded the shares to Underweight from Neutral. Yet, its $155 target price popped to $190, while the consensus target is $187.64. The stock closed almost 4% lower on Thursday at $177.28 after the downgrade.

First Horizon Corp. (NYSE: FHN): Raymond James upgraded the shares from Market Perform to Outperform with a $13 target price. The consensus target is $13.28, and shares closed on Thursday at $11.25.

Hanover Insurance Group Inc. (NYSE: THG): Piper Sandler upgraded the stock to Overweight from Neutral but trimmed its $155 target price to $153. The consensus target is $147. The stock closed on Thursday at $112.52.

HubSpot Inc. (NYSE: HUBS): Piper Sandler downgraded the stock to Neutral from Overweight while lifting the price target to $520 from $482. That compares with a $494.56 consensus target and Thursday’s closing print of $515.38.

Keurig Dr Pepper Inc. (NASDAQ: KDP): Morgan Stanley upgraded the shares to Overweight from Equal Weight. Its $37 target price is lower than the $38.33 consensus target. Wednesday’s $32.24 close was up almost 2% for the day on the upgrade.

Magna International Inc. (NYSE: MGA): When BofA Securities upgraded the shares to Buy from Neutral, its $65 target price jumped to $85. The consensus target is just $64.81, and Thursday’s closing print of $57.50 was up almost 2% for the day on the upgrade.

Martin Marietta Materials Inc. (NYSE: MLM): Although J.P. Morgan cut its Overweight rating to Neutral, the target price increased to $470 from $450. The consensus target is $449.91. The stock closed on Thursday at $441.

Meta Platforms Inc. (NASDAQ: META): Citing the launch of its Twitter rival, Zacks named this as its Bull of the Day stock. The shares last closed at $291.99 apiece, which is nearly 135% higher than at the beginning of the year.

MGIC Investment Corp. (NYSE: MTG): RBC Capital Markets downgraded the shares to Sector Perform from Outperform and trimmed its $17 target price to $15.70. The consensus target is $17.29. The shares closed over 2% lower on Thursday at $15.38.

Neurocrine Biosciences Inc. (NASDAQ: NBIX): The BMO Capital Markets upgrade to Market Perform from Underperform included a target price bump to $96 from $91. The $123.92 consensus target is higher, but Thursday’s closing print was $94.84.

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