Friday's Top Analyst Upgrades and Downgrades: Biogen, Devon Energy, Freeport-McMoRan, Hyatt Hotels, Intuitive Surgical, KB Home, Li Auto, Vertex Pharmaceuticals and More

Devon Energy Corp. (NYSE: DVN): Zacks named this as the Bull of the Day stock, citing a record dividend and calling the shares still dirt cheap. The stock most recently closed at $61.54 and has a consensus price target of $63.83, which would be a 52-week high.

First Watch Restaurant Group Inc. (NASDAQ: FWRG): Goldman Sachs trimmed the price target on the Buy-rated shares to $22 from $25. The consensus target is $22.10. The shares were last seen Thursday at $12.83.

Fortinet Inc. (NASDAQ: FTNT): The BofA Securities downgrade to Neutral from Buy included a price target cut to $355 from $385. The consensus target for shares of the cybersecurity heavyweight is $361.37. They closed on Thursday at $33.71, up almost 5% on the day. As the stock is trading near a 52-week high after a huge run, this could be a valuation call.

Freeport-McMoRan Inc. (NYSE: FCX): Jefferies reiterated a Franchise Pick Buy rating on the shares and has a $60 target price. The consensus target is just $46.70. The closing share price on Thursday was more than 3% higher to $51.45.

HIVE Blockchain Technology Ltd. (NASDAQ: HIVE): Truist Securities began coverage with a Buy rating and a $3.75 target price. The shares have traded as high as $5.60 in the past year but closed on Thursday at $2.17.

Hyatt Hotels Corp. (NYSE: H): Zacks wonders if all the good travel news already priced in and selected this stock as its Bear of the Day. Shares have traded as high as $108.10 in the past year but last closed at $95.06.

Infinera Corp. (NASDAQ: INFN): Rosenblatt started coverage with a Buy rating. Its $12 price target compares with a $10.10 consensus target. The stock popped over 4% on Thursday to close at $8.58.

Intuitive Surgical Inc. (NASDAQ: ISRG): RBC Capital Markets started coverage of the robotic surgery giant with an Outperform rating and a $340 target price. The consensus target is $336.18. The last trade on Thursday was reported at $281.08.

KB Home (NYSE: KBH): Goldman Sachs reiterated a Buy rating on the homebuilder but dropped the $64 price target to $55, which is less than the $57.15 consensus target. The stock closed on Thursday at $34.38, down almost 5% after earnings fell short of expectations.

Li Auto Inc. (NASDAQ: LI): China Renaissance started coverage with a Buy rating and a $37.20 target price. The consensus target is up at $41.98. The last trade on Thursday came in at $27.86.

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