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Friday's Top Analyst Upgrades and Downgrades: BioMarin, Dick's Sporting Goods, Freeport-McMoRan, Northrop Grumman, Simon Properties, US Steel and More

BioMarin Pharmaceutical Inc. (NASDAQ: BMRN): Baird resumed coverage with an Outperform rating and a $101 price target. That compares with the consensus target of $107.33 and Thursday’s closing trade of $77.36 a share.

BRF S.A. (NYSE: BRFS): The BofA Securities downgrade to Neutral from Buy included a $6.40 price target. The consensus target is $5.33. The stock closed at $5.71 on Thursday.

BRP Inc. (NASDAQ: DOOO): Stifel’s upgrade was to Buy from Hold. The shares have traded in a 52-week range of $34.71 to $96.44, and no consensus price target was available. The shares closed Thursday at $77.87, which was down over 5% on the day.

Commvault Systems Inc. (NASDAQ: CVLT): This software company was named as the Zacks Bear of the Day stock. The analyst wonders why, all of a sudden, having a Zacks strong sell recommendation isn’t such a terrible thing. Or is it? Shares last closed at $75.98, and the consensus price target is $81.57.

Dick’s Sporting Goods Inc. (NYSE: DKS): Stephens upgraded shares of the popular retailer to Equal Weight from Underweight and raised its price target to $95. The posted consensus target is higher at $109.83. The final trade on Thursday was reported at $95.77.


Extra Space Storage Inc. (NYSE: EXR): UBS started coverage with a Buy rating and a $168 price target. The consensus price target is lower at $154.75. The shares closed Thursday at $153.78 apiece.

FormFactor Inc. (NASDAQ: FORM): D.A. Davidson raised its Neutral rating to Buy. The 52-week trading range is $22.37 to $52.39, and the stock has a $53.43 consensus price objective. Shares pulled back over 4% on Thursday to close at $33.41.

Freeport-McMoRan Inc. (NYSE: FCX): Exane BNP Paribas downgraded the stock to Neutral from Outperform and has a $40.30 price target. That compares with the higher $43.39 consensus target and Thursday’s closing print of $41.87, which was down over 3% for the day.

Grocery Outlet Holding Corp. (NYSE: GO): Jefferies downgraded the shares to Hold from Buy, and the firm lowered the price target to $32. The consensus price objective is $41.14, and the stock closed Thursday at $34.43.

Mid-America Apartment Communities Inc. (NYSE: MAA): The Truist Securities upgrade to Buy from Hold included a price target hike to $178. The $161.62 consensus target is also lower than Thursday’s close at $163.77.