Tuesday’s Top Analyst Upgrades and Downgrades: Activision Blizzard, Adobe, AMD, Intel, Marvell Technology, Nike, Nvidia, SoFi, Tyson Foods and More

Alliant Energy Corp. (NASDAQ: LNT): Ladenburg Thalmann initiated coverage with a Neutral rating and a $52.50 target price. The consensus target is $57. Friday’s final trade was for $53.74 a share.

Ares Capital Corp. (NASDAQ: ARCC): B. Riley Securities started coverage with a Buy rating and a $20.50 target price, which is the same as the consensus target. Friday’s close was at $18.68.

AutoZone Inc. (NYSE: AZO): UBS’s upgrade to Buy from Neutral included a target price hike to $2,900 from $2,800. The consensus target is $2,775.71. On Friday, shares closed at $2,493.83.

Elastic N.V. (NYSE: ESTC): D.A. Davidson started coverage with a Neutral rating and a $60 target. The consensus target is up at $75.74. The stock closed almost 5% lower on Friday at $66.39.

Intel Corp. (NASDAQ: INTC): Morgan Stanley reiterated an Equal Weight rating and boosted its $31 target price to $38. The consensus target is $30.74. Friday’s close was at $36.37.

LendingClub Corp. (NYSE: LC): Jefferies initiated coverage with a Buy rating. Its $13.50 target price is well above the $11.29 consensus figure. Friday’s $9.87 close was up 3% for the day on the coverage and positive commentary.

Lennar Corp. (NYSE: LEN): Goldman Sachs kept a Buy rating and lifted its target price to $133 from $120. The consensus target is $124.47. The last trade for Friday was reported at $120.02.

Lightspeed Commerce Inc. (NYSE: LSPD): BTIG Research resumed coverage with a Buy rating and a $20 target price. The consensus target is $19.93, and shares closed on Friday at $16.37.

Marvell Technology Inc. (NASDAQ: MRVL): Morgan Stanley maintained an Equal Weight rating on the stock but boosted the $55 target price to $68. The consensus target is $65.50. The stock closed on Friday at $61.12.

NexTier Oilfield Solutions Inc. (NYSE: NEX): Though Citigroup cut its Buy rating to Neutral, the analyst nudged the $9.50 price target to $9.75. The consensus target is $13.17. Friday’s close at $8.84 was down over 7% for the day. The company is being acquired by Patterson UTI.

Nike Inc. (NYSE: NKE): Stifel reiterated a Buy rating with a $143 target price. The consensus target is $133.42. The last trade on Friday was for $113.59 a share.

Nvidia Corp. (NASDAQ: NVDA): Its Bull of the Day stock is the “King of AI,” says Zacks. Morgan Stanley reiterated an Overweight rating and raised its $450 price objective to $500. The $464.75 consensus target price would be an all-time high. Shares ended Friday trading at $426.92 apiece.

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