Beyond Meat Inc. (NASDAQ: BYND): The Equal Weight rating at Barclays dropped to Underweight, and the $13 target price was lowered to $10. The consensus target is $14.71. The stock closed on Monday at $12.41.
BorgWarner Inc. (NYSE: BWA): Morgan Stanley’s upgrade to Equal Weight from Underweight included a target price hike to $45 from $35. The consensus target is $46.01. Monday’s close was at $41.53.
Cloudflare Inc. (NYSE: NET): J.P. Morgan resumed coverage with a Neutral rating and a $42 price objective. The consensus target is higher at $69.04. The shares ended Monday trading at $45.56.
Coherent Corp. (NASDAQ: COHR): Deutsche Bank’s upgrade to Buy from Hold included a price target raise to $50 from $45. The consensus target is $60.93. The stock closed on Monday at $38.74.
Diamondback Energy Inc. (NASDAQ: FANG): BofA Securities downgraded the shares from Neutral to Underperform with a $143 target price. The consensus target is $183.90. The stock ended Monday almost 4% lower to $143.73 on the downgrade.
Electronic Arts Inc. (NASDAQ: EA): Truist Financial reiterated a Buy rating but trimmed its $154 target price to $150. The consensus target is $148.50. Monday’s closing share price was $128.35.
First Solar Inc. (NASDAQ: FSLR): Although J.P. Morgan downgraded the stock to Neutral from Overweight, it also raised its $147 price target to $190. The consensus target is $158.89. The stock closed Monday at $165.62, which was down almost 4% on the day.
Fortinet Inc. (NASDAQ: FTNT): Everyone still needs cybersecurity, and the Zacks Bull of the Day is still posting good growth, says the analyst. Shares last closed at $52.08, and the $65.00 consensus price target represents almost 25% upside potential.
Li Auto Inc. (NASDAQ: LI): Jefferies initiated coverage with a Buy rating and a $20.66 target price. The consensus target is up at $38.13. Monday’s close was at $17.04.
Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO): J.P. Morgan’s upgrade was to Overweight from Neutral. It also raised its $7 target price to $10, which is less than the 52-week high. The stock closed on Monday at $7.24, up close to 10% on the upgrade.
Nio Inc. (NYSE: NIO): Jefferies resumed coverage with a Hold rating and an $11.27 target price. The stock has traded as high as $41.42 in the past year but closed on Monday at $10.12.
PerkinElmer Inc. (NYSE: PKI): As Barclays upgraded the stock to Equal Weight from Underweight, it also lifted its $130 target price to $145. The consensus target is $156.38. The stock closed on Monday at $133.68.
Playtika Holding Corp. (NASDAQ: PLTK): Morgan Stanley’s downgrade was to Equal Weight from Overweight. Its $20 target price fell to $12, less than the $16 consensus target. After the downgrade, the stock closed almost 4% lower on Monday at $9.00.
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