Friday’s Top Analyst Upgrades and Downgrades: Bank of America, Dell, Dollar General, Goldman Sachs, Home Depot, Lowe’s, McDonald’s, Roku, Seagate and More

Bank of America Corp. (NYSE: BAC): HSBC Securities started coverage with a Buy rating and a $35 target price. The consensus target is $35.54. The closing share price on Thursday was $28.13.

Brookfield Asset Management Ltd. (NYSE: BAM): BofA Securities initiated coverage with a Neutral rating and a $40 target price. The consensus target is $36.97. The shares ended Thursday trading at $34.42.

Cloudflare Inc. (NYSE: NET): BofA Securities began coverage with an Underperform rating and a $52 target price. The consensus target is $71.13. The shares closed on Thursday at $63.53.

Crocs Inc. (NASDAQ: CROX): B. Riley Securities cut its Buy rating to Neutral and its $125 target price to $101. The consensus target is $137.50. The shares closed on Thursday at $96.28.

CyberArk Software Ltd. (NASDAQ: CYBR): Guggenheim started coverage with a Buy rating and a $200 target price. The consensus target is lower at $187.38. Thursday’s close was at $168.03.

Dell Technologies Inc. (NYSE: DELL): Barclays downgraded the shares from Overweight to Equal Weight with a $53 target price. The consensus target is $64.82. Thursday’s closing share price was $68.98.

Dollar General Corp. (NYSE: DG): Citing inflation as a headwind, Zacks selected this discount retailer as its Bear of the Day stock. Shares have traded as high as $261.59 in the past year but closed most recently at $123.72.

Flex Ltd. (NASDAQ: FLEX): Barclays initiated coverage with an Overweight rating and a $35 price target. The consensus target is $33.00. The stock closed on Thursday at $26.45.

Goldman Sachs Group Inc. (NYSE: GS): HSBC Securities started coverage with a Buy rating and a $403 target price. The consensus target is $383.67. Thursday’s close was at $321.96.

Home Depot Inc. (NYSE: HD): Stifel began coverage with a Buy rating and a $350 price target. That compares with a $342.79 consensus target and Thursday’s close at $328.42.

Jabil Inc. (NYSE: JBL): Barclays began coverage with an Overweight rating. Its $134 price target is well above the consensus target of $120.38 and Thursday’s close at $108.65.

Lowe’s Companies Inc. (NYSE: LOW): Stifel started coverage with a Buy rating and a $270 price target. The consensus target is $246.73, and the stock closed on Thursday at $233.61.

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