Thursday's Top Analyst Upgrades and Downgrades: AMD, Affirm, Bank of New York, Cloudflare, DoorDash, Ford, Juniper Networks, Truist, Unilever and More

McCormick & Company Inc. (NYSE: MKC): Credit Suisse downgraded the stock to Neutral from Outperform and has a $100 target price. The consensus target is $88.96. The shares ended trading on Wednesday at $96.06. As it is trading right near a 52-week high, this looks like a valuation call.

Toll Brothers Inc. (NYSE: TOL): KeyBanc Capital Markets downgraded the luxury homebuilder to Underweight from Sector Weight with a $56 target price. The consensus target is much higher $79. The shares were last seen Wednesday at $60.35, close to 5% lower on the day.

Truist Financial Corp. (NYSE: TFC): UBS upgraded the super-regional broker-dealer and bank to Buy from Neutral and raised the target price to $77 from $63. The consensus target is $68.34. The shares closed on Wednesday at $64.58.

Unilever PLC (NYSE: UL): Societe Generale raised its Sell rating on the global consumer staples giant to Buy. The shares have traded in a 52-week range of $46.07 to $61.81 and have a $62.00 consensus target. The last trade Wednesday was reported at $50.04, which was up almost 8% for the day as worried investors hunt for safety.

Zimmer Biomet Holdings Inc. (NYSE: ZBH): Wells Fargo downgraded the medical devices leader to Underweight from Equal Weight and slashed the $170 target price to $124. The consensus target is $162.80, and Wednesday’s final print was $123.27.

A well-respected analyst notes that real estate investment trusts are underweight by fund managers for now. Growth and income investors may want to consider five top REIT stocks with dependable and generous distributions.

Five top homebuilders could be crushed by rising interest rates.

Wednesday’s early top analyst upgrades and downgrades included Activision Blizzard, Electronic Arts, Foot Locker, Incyte, Intel, Las Vegas Sands, LyondellBasell Industries, Nike, SoFi Technologies and Unity Software. Analyst calls seen later in the day were on Cisco Systems, Exxon Mobil, Kroger and more.

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