US Top Rating Updates on 9/6: TSLA, FDX, NEE, CG and More

Keefe Bruyette analyst Michael Brown upgraded $Jefferies Financial(JEF.US)$ to Outperform from Market Perform with a price target of $38, up from $30. The analyst says Jefferies is an attractive way to play an investment banking rebound "with idiosyncratic catalysts and limited downside."

BofA analyst Michael Funk initiated coverage of $Dropbox(DBX.US)$ with a Buy rating and $34 price target, citing its strong free cash flow generation and potential for incremental returns to shareholders, upside he sees to consensus estimates and what he calls "a business model and valuation that was largely untouched by the pandemic."

JPMorgan analyst Richard Shane downgraded $Discover Financial Services(DFS.US)$ to Neutral from Overweight with a price target of $113, down from $140. The analyst is now "incrementally more cautious" on U.S. consumer finance stocks. While credit card fundamentals remain solid, there could be some softening in the coming months, Shane tells investors in a research note.