Tuesday’s Top Analyst Upgrades and Downgrades: CarMax, Caterpillar, First Solar, Paramount Global, Tesla and More

Cytokinetics Inc. (NASDAQ: CYTK): Needham reiterated a Buy rating and trimmed its $60 price target to $58. The consensus target is $62.20, and Friday’s close was at $45.59.

Eaton Corp. PLC (NYSE: ETN): BofA Securities maintained a Buy rating and a $180 target price. The consensus target is $166.17. The stock closed on Friday at $156.80.

First Solar Inc. (NASDAQ: FSLR): Daiwa Securities initiated coverage with an Outperform rating and a $175 target price objective. The consensus target is $161.03. The final trade on Friday was reported at $156.75.

Intercontinental Exchange Inc. (NYSE: ICE): BofA Securities reiterated a Buy rating with a $132 target price. The consensus target is $127.14. The stock closed on Friday at $102.81.

Ligand Pharmaceutical Inc. (NASDAQ: LGND): Roth Capital reiterated a Buy rating and lifted its $85 price target to $90. The consensus target is up at $110.83. Friday’s close was at $67.32.

Limoneira Co. (NASDAQ: LMNR): Stifel reiterated a Buy rating with a $15 target price. The consensus target is $18. The stock closed on Friday at $12.21, which was down almost 9% on the day after the company posted a fourth-quarter loss.

Marsh & McLennan Companies Inc. (NYSE: MMC): Credit Suisse initiated coverage with a Neutral rating and a $157 price objective. The consensus target is $177.43. The stock closed on Friday at $165.59.

Medical Properties Trust Inc. (NYSE: MPW): Stifel reiterated a Buy rating with a $17 target price. The consensus target is $15.46. The shares were last seen on Friday at $11.15.

Paramount Global (NASDAQ: PARA): Loop Capital downgraded the shares to Sell from Hold and cut its price target in half, to $14 from $30. The consensus target is $20.52. The stock closed on Friday at $16.66.

Paychex Inc. (NASDAQ: PAYX): Stifel maintained a Hold rating with a $119 target price. The consensus target is $123.81. The shares closed on Friday at $116.01.

SolarEdge Technologies Inc. (NASDAQ: SEDG): Daiwa Securities initiated coverage with a Neutral rating and a $325 target price. The consensus target is $345.40. Friday’s close was at $310.15.

Tesla Inc. (NASDAQ: TSLA): Wedbush reiterated an Outperform rating but cut the $250 target price to $175. That compares with the $253.32 consensus target and Friday’s last trade at $123.15.

Toro Co. (NYSE: TTC): Raymond James upgraded the stock to Outperform from Market Perform and has a $130 target price. The consensus target is $121.50. The last trade for Friday came in at $112.98.

Five outstanding Goldman Sachs top tech stock picks are offering some bigger and better growth potential than the so-called FAANG stocks, the best-performing tech stocks of the past decade.

Originally published at 24/7 Wall St.

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