Friday’s Top Analyst Upgrades and Downgrades: Boston Scientific, Charles Schwab, eBay, Electronic Arts, FedEx, Meta, Norfolk Southern, Roku and More

Charles Schwab Corp. (NYSE: SCHW): Citing rising costs and dwindling deposits, Zacks named this as its Bear of the Day stock. Shares have traded as high as $86.63 in the past year but closed most recently at $51.73. That is down almost 38% year to date.

Cintas Corp. (NASDAQ: CTAS): Citigroup initiated coverage with a Buy rating and a $540 target price. That compares with a $500.08 consensus target and Thursday’s closing print of $450.82.

eBay Inc. (NASDAQ: EBAY): UBS reiterated a Neutral rating but nudged its $47 target price to $49. Mizuho also reiterated a Neutral rating, and it lifted its $45 target to $48. Deutsche Bank maintained a Buy rating and bumped its price objective to $53 from $50. The consensus target is $47.70. The stock closed on Thursday at $45.56, up over 5% on the day following solid first-quarter results.

Electronic Arts Inc. (NASDAQ: EA): BMO Capital Markets lowered its Outperform rating to Market Perform and its $150 target price to $125. The consensus target price is $132.95. The shares closed on Thursday at $126.51.

Elevance Health Inc. (NYSE: ELV): Morgan Stanley upgraded the stock to Overweight from Equal Weight. It also boosted its $500 target price to $571, above the $568.77 consensus target. Thursday’s close was at $465.40.

FedEx Corp. (NYSE: FDX): Zacks makes the case that the willingness of its Bull of the Day to reward shareholders and cut costs will be a key catalyst this year. The shares last closed at $225.94, and the consensus price target of $252.00 would be a 52-week high.

FirstService Corp. (NASDAQ: FSV): The TD Securities upgrade to Buy from Hold included a target price hike to $170 from $150. The consensus target is $153.67. The shares closed on Thursday at $146.04.

Humana Inc. (NYSE: HUM): Oppenheimer reiterated an Outperform rating with a $630 target price. The consensus target is $601.55, and shares closed at $525.28 on Thursday.

KLA Corp. (NASDAQ: KLAC): Goldman Sachs reiterated a Buy rating and raised its target price to $456 from $409. The consensus target is $427.30. Thursday’s $384.64 closed was up almost 8% on the day after the company posted stellar quarterly results.

Longboard Pharmaceuticals Inc. (NASDAQ: LBPH): B. Ruler Securities started coverage with a Buy rating and a $13 target price. The consensus target is $17.50. The stock closed almost 10% higher on Thursday at $8.35 due to the upgrade and positive commentary.

Meta Platforms Inc. (NASDAQ: META): Goldman Sachs reiterated a Buy rating, and it lifted its $245 target price to $300. Stifel also maintained a Buy rating, and its $230 target price increased to $280. Oppenheimer reiterated an Outperform rating and lifted its $260 target price to $285. The shares ended Thursday at $238.56, which was up close to 14% on blowout earnings.

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