Tuesday’s Top Analyst Upgrades and Downgrades: Agnico Eagle Mines, First Solar, Intel, Macy’s, Tesla, Wolfspeed and More

Bloom Energy Corp. (NYSE: BE): Morgan Stanley resumed coverage with an Overweight rating and trimmed its $35 target price to $32. The consensus target is $29.74. Monday’s close was at $20.16.

Crocs Inc. (NASDAQ: CROX): Citing rising earnings expectations, Zacks named this footwear maker as its Bull of the Day stock. The shares last closed at $128.67 apiece, and the consensus target of $151.22 would be a new 52-week high.

Edison International (NYSE: EIX): Ladenburg Thalmann started coverage on the legacy utility company with a Sell Rating and a $66 target price. The consensus target of $71 is higher and near Monday’s close at $70.54.

Enfusion Inc. (NASDAQ: ENFN): Piper Sandler initiated coverage with a Neutral rating and an $11 target price. The consensus target is $12.30. The shares were closed on Monday at $10.37.

Enphase Energy Inc. (NASDAQ: ENPH): Morgan Stanley started coverage with an Equal Weight rating and a $268 target price. The consensus target is $294. The stock closed on Monday at $202.60.

Expro Group Holdings N.V. (NYSE: XPRO): Goldman Sachs resumed coverage with a Buy rating, but its $24 target price is less than the $26.25 consensus figure. The shares ended Monday trading at $19.21, which was up close to 5% for the day.

First Solar Inc. (NASDAQ: FSLR): Though Morgan Stanley downgraded the shares to Underweight from Equal Weight, the analyst also bumped the $194 target price to $200. The consensus target is $206.02. The stock closed on Monday at $208.49.

FormFactor Inc. (NASDAQ: FORM): Citigroup cut its Buy rating to Neutral but also lifted its $25 target price to $33. The consensus target is $34.20. Monday’s last trade was for $31.26 a share.

Intel Corp. (NASDAQ: INTC): Bernstein’s upgrade to Market Perform from Underperform included a target price boost from $20 to $30. The consensus target is $28.01. Monday’s close was at $32.89.

Macy’s Inc. (NYSE: M): J.P. Morgan upgraded the legendary retailer to Overweight from Neutral. Its $28 target price rose to $29, well above the $23.21 consensus target. The stock closed on Monday at $18.81, which was up over 7% on the day after the upgrade.

Martin Marietta Materials Inc. (NYSE: MLM): The Neutral rating at Goldman Sachs rose to Buy, and its $420 target price is now $428. The consensus target is $422.24. Monday’s close was at $355.85.

Oshkosh Corp. (NYSE: OSK): The Goldman Sachs downgrade was from Buy to Neutral with a $94 target price. The consensus target is $98.76. The shares closed on Monday at $83.10.

Paychex Inc. (NASDAQ: PAYX): As BofA Securities downgraded the stock to Underperform from Neutral, it lowered its $119 target price to $105. The consensus target is $122.59. The shares closed on Monday at $111.33.

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