Wednesday’s Top Analyst Upgrades and Downgrades: AppLovin, Charles Schwab, First Solar, Halliburton, Monster Beverage, QuantumScape, Union Pacific and More

Charles Schwab Corp. (NYSE: SCHW): Credit Suisse lowered its Outperform rating on the legacy discount broker to Neutral and has an $84 target. The consensus target is $90.50. Tuesday’s close was at $79.89.

Compass Pathways PLC (NASDAQ: CMPS): Loop Capital initiated coverage with a Buy rating and a $34 target price. The consensus target is up at $62. The shares closed on Tuesday at $10.65.

Deckers Outdoor Corp. (NYSE: DECK): BofA Securities resumed coverage on the popular retailer with a Buy rating and a $425 target price. The consensus target is $404.50. The shares closed almost 4% higher on Tuesday at $362.98.

EDAP TMS S.A. (NASDAQ: EDAP): Jefferies initiated coverage with a Buy rating and an $11 price target. The consensus target is $11.20. Tuesday’s close was at $9.43.

First Solar Inc. (NASDAQ: FSLR): The Barclays upgrade to Equal Weight from Underweight included a price target boost from $89 all the way to $162. The consensus target is $152.02. The stock closed on Tuesday at $148.57.

Global Payments Inc. (NYSE: GPN): Oppenheimer reiterated an Outperform rating with a $133 target. The consensus target is $154.89. Tuesday’s close was at $113.67.

Halliburton Co. (NYSE: HAL): Suggesting that the oil services giant is riding a tailwind into 2023, Zacks selected it as its Bull of the Day stock. Shares last closed at $36.50, and the $43.96 consensus price target is very close to the 52-week high.

LPL Financial Holdings Inc. (NASDAQ: LPLA): Credit Suisse upgraded the broker-dealer to Outperform from Neutral and has a $315 target price. The consensus target is just $281.75. The stock ended Tuesday trading at $259.71.

Meritage Homes Corp. (NYSE: MTH): This homebuilder stock is the Zacks Bear of the Day. The analyst points out that 7% rates are hitting home builders hard. Shares have traded as high as $125.01 in the past year but closed most recently at $76.78. That is down almost 13% in the past 90 days.

Monster Beverage Corp. (NASDAQ: MNST): J.P. Morgan’s upgrade to Overweight from Neutral came with a target price hike to $106 from $96. The consensus target is $100.58. Tuesday’s close was at $94.35.

NXP Semiconductor N.V. (NASDAQ: NXPI): Oppenheimer reiterated its Outperform rating with a $175 target price. The consensus target is $183.88. Tuesday’s close at $151.85 was up almost 4% for the day after solid results that beat estimates were posted.

NorthWestern Corp. (NASDAQ: NWE): J.P. Morgan initiated coverage with a Neutral rating and a $55 target price. The consensus target is $56.57. The stock closed on Tuesday at $52.85.

QuantumScape Corp. (NYSE: QS): Goldman Sachs trimmed its $9 target price on the Neutralated shares to $8. The consensus target is up at $13.20. The shares closed on Tuesday at $8.28.

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