Monday’s Top Analyst Upgrades and Downgrades: Apple, Broadcom, Costco, C3.ai, First Solar, Kroger, Lowe’s, Marvell Technology, Procter & Gamble and More

Chesapeake Energy Corp. (NASDAQ: CHK): Wells Fargo downgraded the stock to Equal Weight from Overweight and slashed its $117 target price to $87. The consensus target is higher at $121.50, and Friday’s closing print of $84.17 was up almost 3% for the day on strong energy pricing.

Costco Wholesale Corp. (NASDAQ: COST): Truist Financial raised its $568 target price to $571 while keeping a Buy rating. The consensus target is $552.48. Friday’s close at $475.26 was down 2% on the day.

C3.ai Inc. (NYSE: AI): BofA Securities reiterated an Underperform rating but raised its $14 target price to $16. The consensus target is $15.44 for now. Friday’s close at $28.48 was up 33% on the day, much of it clearly a short squeeze after the company reported results for the quarter that crushed analysts’ expectations.

Deere & Co. (NYSE: DE): Oppenheimer reiterated an Outperform rating. Its $492 target price is higher than the $471.82 consensus target. Friday’s $430.28 close was a 2% gain on the day.

Domino’s Pizza Inc. (NYSE: DPZ): As Gordon Haskett downgraded the stock to Hold from Buy, it lowered its $344 target price to $315. The consensus target is $347.21. Friday’s last trade was delivered at $304.76 a share.

Empire State Realty Trust Inc. (NYSE: ESRT): BMO Capital Markets upgraded the stock from Market Perform to Outperform with a $9 target price. The consensus target is $7.95, and shares ended Friday trading at $7.74.

First Solar Inc. (NASDAQ: FSLR): UBS upgraded the stock to Buy from Neutral, and its $140 price target increased to $250, well above the consensus target of $186.91. Friday’s $182.21 close up 6% on the day after positive earnings and a host of Wall Street upgrades.

Generac Holdings Inc. (NYSE: GNRC): Oppenheimer reiterated an Outperform rating and has a $145 target. The consensus target is $144.16. The shares ended Friday at $126.60, which was up close to 4% on positive Wall Street comments.

Hormel Foods Corp. (NYSE: HRL): J.P. Morgan downgraded the stock to Underweight from Neutral and cut its $47 target price to $38. The consensus target is $44.99. The stock closed Friday at $40.63, which was down close to 3% for the day.

Itron Inc. (NASDAQ: ITRI): J.P. Morgan downgraded the shares to Underweight from Neutral. It also trimmed its $53 target price to $50, further from the $58.86 consensus target. Friday’s final trade was for $56.77. As the stock is trading near a 52-week high, this may be a valuation call.

Kroger Co. (NYSE: KR): J.P. Morgan upgraded shares of the grocery giant to Overweight from Neutral. Its $54 target price compares with a $51.61 consensus target and Friday’s closing print of $45.98.

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