Friday’s Top Analyst Upgrades and Downgrades: Alcoa, Alphabet, Block, Disney, Kraft Heinz, Mosaic, Pfizer, Roblox, Walmart and More

Axon Enterprise Inc. (NASDAQ: AXON): J.P. Morgan upgraded the stock to Overweight from Neutral and has a $204 price objective. The consensus target is up at $247.52. Thursday’s close at $204.60 was up close over 6% for the day on the upgrade and solid earnings.

Bentley Systems Inc. (NYSE: BSY): Though Goldman Sachs cut its Buy rating to Neutral, the analyst also raised the $45 target price to $47. The consensus target is $51. The stock closed on Thursday at $45.22.

Block Inc. (NYSE: SQ): CLSA’s downgraded to Underperform from Buy included a target price slash to $63 from $93. The consensus target is $87.77. Thursday’s close was at $57.32.

CF Industries Holdings Inc. (NYSE: CF): Piper Sandler downgraded the shares to Neutral from Overweight. It also cut its $110 target price to $80, below the $92.90 consensus target. The stock closed at $67.23 on Thursday.

Dutch Bros. Inc. (NASDAQ: BROS): Jefferies maintained a Buy rating, and its $44 target price is well above the $37.11 consensus target. The stock closed over 8% lower on Thursday at $26.22. after weak results were posted this week.

Estee Lauder Companies Inc. (NYSE: EL): Disappointing earnings had shares of the Zack’s Bear of the Day trading sharply lower. The stock has traded as high as $284.45 in the past year but closed most recently at $201.79. That is down more than 16% in the past month.

Kraft Heinz Co. (NASDAQ: KHC): Citing relative strength and a better than expected quarterly print, Zacks named this leading packaged foods producer as its Bull of the Day stock. Shares last closed at $40.65, and the consensus price target of $45.25 would be a multiyear high.

Light & Wonder Inc. (NASDAQ: LNW): The Neutral rating at Susquehanna rose to Positive with a $70 target price. The consensus target is $67.00, and shares closed on Thursday at $60.94.

Livent Corp. (NYSE: LTHM): The B. Riley Securities upgrade was from Neutral to Buy with a $32 target price. The consensus target is $32.97, and Thursday’s close was at $25.62.

Mosaic Co. (NYSE: MOS): Piper Sandler’s downgrade to Neutral from Overweight included a target price cut to $42 from $62. The consensus target is $48.80. Thursday’s $35.95 close was down almost 3% for the day after the downgrade.

Norfolk Southern Corp. (NYSE: NSC): J.P. Morgan upgraded the shares to Overweight from Neutral. Its $250 target price compares with a $235.88 consensus target and Thursday’s close at $210.31.

Northrop Grumman Corp. (NYSE: NOC): Barclays lowered its Overweight rating to Equal Weight. The $520.06 consensus target is well above Thursday’s $435.85 closing share price.

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