Thursday’s Upgrades and Downgrades: Emerson Electric, Home Depot, Micron, Qualcomm, Seagate, Walmart and More

Estee Lauder Companies Inc. (NYSE: EL): BofA Securities kept a Neutral rating but lift its $215 target price to $230. The consensus target is $243.79. The stock closed on Wednesday at $222.97.

First National Corp. (NASDAQ: FXNC): Janney initiated coverage with a Buy rating and a $21.50 target price. No consensus was available, as few analysts cover this microcap stock. Shares closed on Wednesday at $18.28.

GlobalFoundries Inc. (NASDAQ: GFS): Credit Suisse resumed coverage with an Outperform rating and a $78 target price. The consensus target is $70.95. The stock closed almost 4% lower on Wednesday at $64.24.

Home Depot Inc. (NYSE: HD): Truist Financial lowered its $400 target price to $382 but reiterated a Buy rating. The consensus target is $342.22. Wednesday’s close was at $315.09.

Lithium Americas Corp. (NYSE: LAC): Evercore ISI started covering the stock with an Outperform rating and a $35 target price. The consensus target is $37.33. The stock closed on Wednesday at $25.95.

Lockheed Martin Corp. (NYSE: LMT): Jefferies raised its $450 target price on the Holdated shares to $500. That compares with the $458.53 consensus target and Wednesday’s closing print of $466.24.

Lowe’s Companies Inc. (NYSE: LOW): Oppenheimer reiterated its Outperform rating and has a $300 price objective. The consensus target is just $235.58. The stock closed 3% higher on Wednesday at $215.09.

Lulu’s Fashion Lounge Holdings Inc. (NASDAQ: LVLU): Goldman Sachs reiterated a Buy rating but cut its $10 target price to $8.75. The consensus target is $11.19. The stock closed down over 12% on Wednesday at $5.52 in the wake of disappointing earnings.

Magellan Midstream Partners L.P. (NYSE: MMP): Wolfe Research lowered its Peer Perform rating to Underperform with a $49 target. The consensus target is higher at $56.21. The shares closed on Wednesday at $51.98.

Micron Technology Inc. (NASDAQ: MU): Credit Suisse initiated coverage with an Outperform rating. Its $78 target price is well above the $66.15 consensus target. The stock closed on Wednesday at $58.87, which was down almost 7% on the day after production numbers on memory chips were slashed.

Plexus Corp. (NASDAQ: PLXS): Citing this electronics manufacturer’s expansion into several secular growth markets, Zacks selected it as the Bull of the Day stock. Shares last closed at $105.20 apiece, after climbing about 19% in the past month.

Privia Health Group Inc. (NASDAQ: PRVA): Truist Financial reiterated a Buy rating with a $41 target price. The consensus target is $43.33. The shares closed on Wednesday at $23.96, down close to 12% for the day, after a secondary stock offering was announced.

Qualcomm Inc. (NASDAQ: QCOM): Credit Suisse started coverage with an Outperform rating and a $150 target price. The consensus target is $152.96. The shares ended Wednesday trading at $120.73, down over 4% on the day.

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