Investing

Friday's Top Analyst Upgrades and Downgrades: American Airlines, Boston Beer, CarMax, Danaher, Domino’s, Monster, Starbucks and More

Boston Beer Co. Inc. (NYSE: SAM): Goldman Sachs downgraded shares of the brewer to Neutral from Buy following a huge second-quarter earnings miss. The analyst also lowered the price target to $875 from $1,550. The consensus target is $1,352.80, but that is sure to drop as the magnitude of the quarter’s miss is examined, as it came in well below Wall Street expectations despite management’s consistently confident tone. The shares closed Thursday at $947.54 but were down a stunning 21% in premarket action.

Cabot Corp. (NYSE: CBT): JPMorgan raised the stock to Overweight from Neutral and has a $62 price target. The consensus target is higher at $71.83. The shares were last seen on Thursday at $51.79.

CarMax Inc. (NYSE: KMX): Zacks has picked this stock as its Bull of the Day. The analyst said that this is a way for investors to capitalize on surging auto values. Shares most recently closed at $134.41 and have a consensus price target of $144.30.

Danaher Corp. (NYSE: DHR): Goldman Sachs raised the price target on the Buy-rated shares to $320 from $280, while the consensus target is $292.32 and Thursday’s closing print was $288.96.

Domino’s Pizza Inc. (NYSE: DPZ): JPMorgan downgraded the ubiquitous pizza retailer to Neutral from Overweight and has a $530 price target, despite the firm posting outstanding second-quarter earnings. The consensus target is $453.28. The stock closed Thursday at $538.82, which was up almost 15% on the back of the strong results.


D.R. Horton Inc. (NYSE: DHI): Raymond James raised the homebuilder to Strong Buy from Outperform and has a $110 price target. The consensus price objective is $108.31. The last trade for Thursday came in at $89.64 a share.

IMV Inc. (NYSE: IMV): Wells Fargo resumed coverage with an Overweight rating and a $14 price target. No consensus target was available. The shares closed Thursday at $1.38 apiece.

Lindblad Expeditions Holdings Inc. (NASDAQ: LIND): Craig Hallum upgraded it to Buy from Hold and has a $17 price target. The consensus price objective is $20.00. The stock closed Thursday at $13.22.

Marsh & McLennan Companies Inc. (NYSE: MMC): BofA Securities raised its Underperform rating to Neutral and has a $150 price target. The consensus target is $140.92. The shares ended trading on Thursday at $145.90.