Investing
Tuesday Afternoon Analyst Upgrades and Downgrades: Exxon Mobil, First Solar, Tesla and More
Published:
With the trading day more than halfway over, the broad markets were pushing higher yet again. They shook off a rough start to the day with strong earnings and have been pushing higher ever since. The Dow Jones industrials and S&P 500 are leading the way, each up fractionally.
24/7 Wall St. is reviewing some big analyst calls seen on Tuesday. 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 Tuesday that included Airbnb, Krispy Kreme, Planet Fitness, Square, Workday and more.
Affirm Holdings Inc. (NASDAQ: AFRM): D.A. Davidson downgraded the stock to a Neutral rating from Buy and cut the price target to $65 from $90. The shares were changing hands at around $63 apiece on Tuesday, in a 52-week trading range of $46.50 to $146.90.
BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX): Cantor Fitzgerald started coverage with an Overweight rating and a $21 price target. Shares traded near $16 on Tuesday, in a 52-week range of $3.30 to $17.74. They have a consensus price target of $18.11.
Exxon Mobil Corp. (NYSE: XOM): DZ Bank downgraded it to a Hold rating from Buy and has a $62.50 price target. Shares traded near $58 on Tuesday, in a 52-week range of $31.11 to $64.93. The consensus price target is $66.34.
First Solar Inc. (NASDAQ: FSLR): Guggenheim initiated coverage with a Buy rating and a $113 price target. The stock was trading at around $92 a share on Tuesday, in a 52-week range of $59.52 to $112.50.
Iridium Communications Inc. (NASDAQ: IRDM): Morgan Stanley initiated coverage with an Overweight rating and a $50 price target. The stock was changing hands near $41 a share on Tuesday, in a 52-week range of $23.65 to $54.65.
SolarEdge Technologies Inc. (NASDAQ: SEDG): Johnson Rice raised its Hold rating to Accumulate, and the analyst also raised the price target to $325 from $290. Citigroup upgraded it to Buy from Neutral, along with a price target hike to $360 from $300. The stock traded near $297 on Tuesday, in a 52-week range of $178.32 to $377.00.
Tesla Inc. (NASDAQ: TSLA): Piper Sandler reiterated an Overweight rating and a $1,200 price target. The stock traded near $707 on Tuesday, in a 52-week range of $273.00 to $900.40. Its consensus price target is $655.12.
Tractor Supply Co. (NASDAQ: TSCO): Benchmark initiated coverage with a Buy rating and a $219 price target. The stock was trading at around $187 a share on Tuesday, in a 52-week range of $127.78 to $200.75. Analysts have a consensus price target of $198.48 for the stock.
24/7 Wall St.Five top Jefferies bank stock picks really are value plays when compared to the very overbought and pricey stock market as a whole. With earnings out of the way, investors can feel good about adding positions in these dividend payers.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
