Friday’s Top Analyst Upgrades and Downgrades: Adobe, American Airlines, Freeport-McMoRan, Snowflake, Southwest Airlines, Wendy’s, Wolfspeed and More

Commvault Systems Inc. (NASDAQ: CVLT): D.A. Davidson started coverage with a Buy rating. Its $85 target price compares with the $79.80 consensus target and Thursday’s close was at $69.42.

Crestwood Equity Partners L.P. (NYSE: CEQP): When Wells Fargo downgraded the stock to Equal Weight from Overweight, its $31 target price slipped to $29. The consensus target is $29.11. The stock closed on Thursday at $27.35.

Cryoport Inc. (NASDAQ: CYRX): Morgan Stanley started coverage with an Equal Weight rating and a $16 target price. The $19.75 consensus target is higher. Thursday’s closing trade of $13.72 up over 5% on the day.

Freeport-McMoRan Inc. (NYSE: FCX): Jefferies reiterated a Buy rating with a $55 target price. The consensus target is just $45.77, and Thursday’s final trade was for $39.62 a share.

Hexcel Corp. (NYSE: HXL): Wolfe Research upgraded the stock to Outperform from Peer Perform and has an $83 target price. The consensus target is $75.25. The shares closed on Thursday at $70.19.

Lennox International Inc. (NYSE: LII): RBC Capital Markets initiated coverage with a Sector Perform rating. Its target price of $391 is higher than the $376.29 consensus target and Thursday’s $352.19 close.

Marriott Vacations Worldwide Corp. (NYSE: VAC): Zacks selected this stock as its Bear of the Day, citing higher expenses, cutthroat competition, and poor price action. Shares have traded as high as $165.85 in the past year but closed most recently at $110.49.

Neurocrine Biosciences Inc. (NASDAQ: NBIX): Stifel maintained a Buy rating with a $125 target. The $125.09 consensus target is also well above Thursday’s closing print of $104.30.

SL Green Realty Corp. (NYSE: SLG): Though BMO Capital Markets downgraded the shares to Market Perform from Outperform, it bumped its $32 target price up to $35. The consensus target is $34.14. The stock closed at $31.98 on Thursday.

Snowflake Inc. (NYSE: SNOW): Stifel maintained a Buy rating with a $200 target. The consensus target is $200.77. Thursday’s close was at $146.94.

Southwest Airlines Co. (NYSE: LUV): Goldman Sachs lowered its $34 price target on the Neutral-rated stock to $30. The consensus target is higher at $37.06. On Thursday, the closing share price was $32.23.

Wendy’s Co. (NASDAQ: WEN): Truist Financial reiterated a Buy rating with a $26 target price. The consensus target is $24.82, Thursday’s close was at $20.78.

Wolfspeed Inc. (NYSE: WOLF): Goldman Sachs lifted its $70 target price on the Buy-rated shares to $78. The consensus target is $65.51. Thursday’s $44.10 close was down 17% for the day in the wake of disappointing results.

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Thursday’s top analyst upgrades and downgrades included Brixmor Property, CAVA, Chevron, GE Healthcare Technologies, Keurig Dr Pepper, News Corp, PACCAR, Permian Resources, Pioneer Natural Resources, Sea and Visa.

Originally published at 24/7 Wall St.

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