Investing

Thursday's Top Analyst Upgrades and Downgrades: AutoZone, Charter Communications, Edwards Lifesciences, FuboTV, Phillips 66, Southwest Air, Stitch Fix, Toll Brothers and More

Becton Dickinson and Co. (NYSE: BDX): Piper Sandler cut its Overweight rating on the medical devices and supply giant to Neutral and lowered the $285 target price to $260. The consensus target is $271, and Wednesday’s closing print was $246.45.

Cardiff Oncology Inc. (NASDAQ: CRDF): Baird started coverage with an Outperform rating and a $19 price target. The consensus price objective is $25.33. Wednesday’s final trade was reported at $6.12, after a gain of over 11% for the day.

Charter Communications Inc. (NASDAQ: CHTR): Morgan Stanley downgraded the cable and communications giant to Equal Weight from Overweight and has a $740 target price. The consensus target is $795.86. The shares closed trading on Wednesday at $642.07.

Edwards Lifesciences Corp. (NYSE: EW): Goldman Sachs maintained a Neutral rating and a $105 price target after the company announced preliminary 2022 guidance largely in line with expectations. The $120.65 consensus target is just above Wednesday’s close at $119.46, which was up almost 4% for the day.

Elastic N.V. (NYSE: ESTC): JPMorgan upgraded the stock from Neutral to Overweight with a $156 price objective. The consensus target is up at $178.50. The last trade for Wednesday came in at $128.31, after rising over 10% on the day. The company posted stellar earnings last week.

Essential Utilities Inc. (NYSE: WTRG): Barclays upgraded the shares to Overweight from Equal Weight and lifted the $50 target price to $56. The consensus target is $52.82. The shares closed at $50.51 on Wednesday.

Evercore Inc. (NYSE: EVR): Morgan Stanley downgraded shares of the boutique broker-dealer from Overweight to Equal Weight with a $156 price target. The consensus price objective is $169.13. The last trade on Wednesday hit the tape at $136.66.


FuboTV Inc. (NASDAQ: FUBO): JPMorgan started coverage of the stock with an Overweight rating and a $28 price target. The consensus target is much higher at $44.63. The popped almost 7% on Wednesday to close at $19.77.

Littelfuse Inc. (NASDAQ: LFUS): Cowen maintained an Outperform rating and raised the target price to $330 from $305. The consensus target for the shares is $316. The last Wednesday trade was reported at $309.90.

MFA Financial Inc. (NYSE: MFA): Raymond James upgraded the shares to Outperform from Market Perform and has a $5.25 price target. The consensus target is $4.90, near Wednesday’s close at $4.71 a share.

Phillips 66 (NYSE: PSX): JPMorgan upgraded the energy heavyweight to Overweight from Equal Weight and lifted the target price to $93 from $83. The consensus target is $93.13. The stock was last seen on Wednesday at $71.85.