Top Analyst Upgrades and Downgrades: Ally Financial, Carnival, Charter Communications, General Dynamics, Honeywell, Philip Morris and More

Honeywell International Inc. (NYSE: HON) was upgraded to Buy from Hold at Deutsche Bank, which raised the price target on the industrial giant to $244. The consensus target is lower at $222.81, and the shares ended Thursday trading at $219.86 apiece.

Industrious Bachoco SAB de C.V. (NYSE: IBA) was raised at JPMorgan from Neutral to Overweight with a $50 price target. The consensus target is $41, near Thursday’s close of $41.30 a share.

MDC Holdings Inc. (NYSE: MDC) was named as the Bull of the Day at Zacks, which pointed out that this homebuilder is dirt cheap as earnings soar. Shares most recently closed at $59.49 and have a consensus price target of $63.90.

MicroStrategy Inc. (NASDAQ: MSTR) was started with a Buy rating and a $920 price target at Canaccord Genuity. The consensus target is much lower at $625, and Thursday’s last trade came in at $690.12.

New Frontier Health Corp. (NYSE: NFH) was downgraded to Neutral from Outperform at Credit Suisse, which has a $12 price target. The consensus target is $13, and the stock closed Thursday at $11.21.

Northrop Grumman Corp. (NYSE: NOC) was resumed in coverage with an Outperform rating at Wolfe Research, which has a $392 price target for the aerospace and defense giant. The consensus target is $366.39, and Thursday’s final trade was reported at $336.12.

Okta Inc. (NASDAQ: OKTA) was raised from Neutral to Buy with a $280 price target at BTIG Research. The consensus target is $267.50, and the stock was last seen on Thursday at $238.48.

Philip Morris International Inc. (NYSE: PM) was upgraded to Overweight from Neutral at JPMorgan, which raised the price target on the tobacco giant to $105. The consensus target is $98.54, and the stock ended Thursday’s trading session at $89.44 per share.

Thought the sector that has lagged over the past year, Jefferies favors these five top aerospace and defense stocks going into the second quarter and for the rest of the year.

Also, BofA Securities has resumed coverage of six hot software stocks that have a significant presence in enterprises large and small.

Thursday’s early top analyst upgrades and downgrades included Adobe, HubSpot, NXP Semiconductor, Splunk, Textron, TJX Companies, VMWare and Wingstop. Analyst calls seen later in the day were on Carvana, DocuSign, Organigram and more.