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Here are the biggest calls on Wall Street on Thursday:
KeyBanc said in its upgrade of the homebuilder that it sees a "compelling" risk/reward
"KBH's 3Q20 (orders up 17% in June/July) update supports our revised EPS and our selective (not cyclical) rating upgrade (OW, $42 price target). While reticent to chase stocks, higher earnings and implied discount to peers offer a compelling risk to reward near term."
JPMorgan upgraded the internet domain registrar company after its strong earnings report and said likes the "strategic changes" that management is making to help growth going forward.
"We believe GDDY's Website + Marketing program is helping them gain share vs. traditional HTML-coded websites (rather than vs. WIX) to complement the strength it is seeing in the domain business in both primary and after-market. Plus, management is making strategic changes like the acquisition of the Neustar registry business that we believe can help growth and margins moving forward. We would not be surprised to also see an entrance into the payments area, like what we believe has propelled Wix's stock, to bolster the doubling in uptake of the GDDY e-commerce offering.