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American Airlines, Apple, First Solar, PepsiCo and More Wednesday Afternoon Analyst Calls

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With the trading day more than halfway over, the broad markets had a strong start to the day, but they have been cruising lower as the day has dragged on. Earnings seemed to be positive in the morning, but this and Federal Reserve Chair Powell’s remarks that inflation was “transitory” did not lift markets as many were expecting. In the meantime, analysts were scrambling to release their reports as earnings season is kicking off.

24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.

For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Wednesday that included Bloom Energy, Conagra Brands, Duke Energy, Levi Strauss, Lululemon Athletica and Tesla.

American Airlines Group Inc. (NASDAQ: AAL): Citigroup upgraded the stock to Neutral from Sell with a $21.50 price target. The shares traded near $21 on Wednesday, in a 52-week trading range of $10.63 to $26.09.

Apple Inc. (NASDAQ: AAPL): JPMorgan reiterated its Overweight rating and raised the price target to $175 from $170. The stock was changing hands around $149 a share on Wednesday, in a 52-week range of $89.14 to $149.45.

Bill.com Holdings Inc. (NYSE: BILL): Canaccord Genuity resumed coverage with a Buy rating and raised the price target to $223 from $150. The stock traded near $187 on Wednesday, in a 52-week range of $77.87 to $197.71. It has a consensus price target of $173.79.

First Solar Inc. (NASDAQ: FSLR): Credit Suisse resumed coverage with a Neutral rating and a $73 price target. The stock traded near $92 on Wednesday, in a 52-week range of $58.34 to $112.50. It has a consensus price target of $86.90.

NextEra Energy Inc. (NYSE: NEE): Credit Suisse resumed coverage with an Outperform rating and an $85 price target. The stock was changing hands around $75 a share on Wednesday, in a 52-week range of $64.69 to $87.69.

PepsiCo Inc. (NASDAQ: PEP): Credit Suisse downgraded it to Neutral rating Outperform but raised the price target to $157 from $155. The stock traded near $154 on Wednesday, in a 52-week range of $128.32 to $155.14. It has a consensus price target of $156.65.


The good news for investors in the telecom infrastructure arena is that the demand and growth should continue for years. The top Goldman Sachs tower and data center picks look attractive for long-term growth investors seeking dependable ideas.

Also, see which stocks Jim Cramer believes will stand up to inflation and why investors seem pretty chill about federal marijuana legalization.

 

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