SQ, PHM, TOL, DLTR Stock Upgrades & FL Stock Downgrade

Block (SQ) stock has been upgraded to outperform from market perform at BMO Capital. The analyst report is more bullish than the consensus due to out-year forecasts for a “softer landing” for cash application. BMO Capital expects that Block (SQ) will “surprise positively” on growth and earnings. Next, JJ Kinahan weighs in on Bank of America double upgrading PulteGroup (PHM) and Toll Brothers (TOL). The analyst report indicates their view of current homebuilder valuations looking attractive compared to historical levels. Additionally, Foot Locker (FL) stock has been downgraded at both Citi and Seaport Global. According to the Citi analyst report, they view Foot Locker (FL) as “more of a victim” of Nike’s (NKE) accelerated focus on direct-to-consumer. Finally, Kinahan provides his take on Dollar Tree (DLTR) stock being upgraded to outperform from market perform at BMO Capital. Tune in for the full discussion.