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Friday's Top Analyst Upgrades and Downgrades: Advance Auto Parts, AutoZone, Chesapeake, Dollar Tree, HP, Marvell and More

Chesapeake Energy Corp. (NASDAQ: CHK): BMO Capital Markets resumed coverage with an Outperform rating and a $70 price target. Shares last closed at $53.11, but they have traded as high as $59.30 in the past year.

Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY): Truist’s upgrade to Buy from Hold came with a $54 price target. The shares most recently closed at $36.58 and have a consensus price target of $52.22.

Decker’s Outdoors Corp. (NASDAQ: DECK): This was named as the Bull of the Day at Zacks, which said that the maker of Hoka One One is one of the hottest retailers in the world. Shares most recently closed at $423.12 and have a consensus price target of $486.50.

Dollar Tree Inc. (NASDAQ: DLTR): Telsey Advisory Group downgraded the shares to Market Perform from Outperform and has a $102 price target. The closing share price on Thursday was $93.48. The 52-week trading range is $84.41 to $120.37.

Five Below Inc. (NASDAQ: FIVE): While Morgan Stanley downgraded it to Equal Weight from Overweight, the firm also raised the price target to $230 from $225. Shares most recently closed at $224.47 and have a consensus price target of $230.94.

HP Inc. (NYSE: HPQ): Morgan Stanley’s downgrade to Equal Weight from Overweight included a price target cut to $31 from $40. The last trade for Thursday hit the tape at $29.10. Analysts have a consensus price target of $32.82.

Lumber Liquidators Holdings Inc. (NYSE: LL): Zacks selected this as its Bear of the Day, suggesting that supply chain and logistics pressures were hitting this flooring retailer hard. Shares last closed at $20.06, and the consensus price target is just $20.50.

Marvell Technology Inc. (NASDAQ: MRVL): Craig Hallum lowered its Buy rating to Hold and has a $63 price target. The stock was last seen on Thursday trading at $63.24, in a 52-week range of $35.30 to $64.07.

O’Reilly Automotive Inc. (NASDAQ: ORLY): Morgan Stanley downgraded it to Equal Weight from Overweight and has a $630 price target. The shares most recently closed at $600.28, and they have a consensus price target of $650.40.


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Thursday’s top analyst upgrades and downgrades included Dick’s Sporting Goods, Fate Therapeutics, Kimberly-Clark, Nordstrom, Roblox, TJX Companies and Zoom Video Communications. More analyst calls were seen later in the day, including on CarGurus, Coupang, Marathon Petroleum and Yum! Brands.

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