Friday’s Top Analyst Upgrades and Downgrades: CVS Health, McDonald’s, Newell Brands, PacWest, ZoomInfo and More

DHT Holdings Inc. (NYSE: DHT): Jefferies downgraded the stock to Hold from Buy and trimmed its $12 target price to $10. The consensus target is $12.79 for now. The shares closed on Thursday at $8.26, which was down almost 9% on the day, after earnings and revenue missed estimates.

Enviva Inc. (NYSE: EVA): Truist Financial’s downgrade to Sell from Buy included a price target slash to $10 from $40. The consensus target is $39.75 for now. The stock was blasted Thursday, closing down 68% at $7.01, on earnings and guidance disappointments and changing capital allocation priorities.

Ferguson PLC (NYSE: FERG): UBS initiated coverage with a Buy rating and a $165 target price. The consensus target is $144.87. Thursday’s close was at $137.68.

Frontdoor Inc. (NASDAQ: FTDR): J.P. Morgan upgraded the stock to Overweight from Neutral. That analyst also raised the $30 price target (the same as the consensus target) to $38. Thursday’s $30.04 closed up close to 13% for the day after solid results.

Frontier Group Holdings Inc. (NASDAQ: ULCC): As Susquehanna downgraded the carrier to Neutral from Positive, it lowered its $12 target price to $10. That compares with a $17.00 consensus target and Thursday’s close at $7.65, which was down almost 20% after earnings disappointed.

HomeTrust Bancshares Inc. (NASDAQ: HTBI): Piper Sandler resumed coverage with an Overweight rating and a $25 target price. The consensus target is $27.88. The stock closed down over 6% on Thursday at $19.19 despite earnings and revenues topping estimates.

HubSpot Inc. (NYSE: HUBS): Jefferies reiterated a Buy rating with a $500 price target. The consensus target is just $450.22. Thursday’s $448.85 close was up over 7%, after earnings beat estimates.

Incyte Corp. (NASDAQ: INCY) BofA Securities downgraded the stock to Neutral from Buy but kept an $84 target price. That compares with a $84.62 consensus target and Thursday’s final print of $66.19.

Louisiana-Pacific Corp. (NYSE: LPX): TD Securities raised its Hold rating to Buy and its $63 target price to $75. The $65.33 consensus target also compares with Thursday’s closing print of $60.42.

McDonald’s Corp. (NYSE: MCD): Zacks cites the safe-haven status of its Bull of the Day stock, as well as its corporate restructuring. Shares of the fast-food giant last closed at $295.16, and the $317.55 consensus price target would be an all-time high.

Neurocrine Biosciences Inc. (NASDAQ: NBIX): Guggenheim upgraded the stock to Buy from Neutral. Its $145 target price is well above the $124.39 consensus target and Thursday’s close at $95.84.

Newell Brands Inc. (NYSE: NWL): The Zacks Bear of the Day followed up a down year in 2022 with disappointing first-quarter results, points out the analyst. Its shares have traded as high as $24.70 in the past year but closed most recently at $9.81. That is down about 39% in the past 90 days.

PacWest Bancorp (NASDAQ: PACW): D.A. Davidson not only dropped its Buy rating to Neutral but slashed the $19 target price to $3. The consensus is $14.81 for now. The stock closed on Thursday at $3.17, which was down 50%, as it frantically looks for a buyer.

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