Wednesday’s Top Analyst Upgrades and Downgrades: Eldorado Gold, Generac, Lion Electric, MasTec, Quanta Services, Welltower and More

Generac Inc. (NASDAQ: GNRC): Janney initiated coverage with a Buy rating and a $160 target price. The consensus target is $148.60. The shares ended trading on Tuesday at $91.15.

Gesher Acquisition I Acquisition Corp (NASDAQ: GIAC): Chardan Capital Markets started coverage with a Buy rating and a $13 target price. The shares ended trading on Tuesday at $10.14.

Graphite Bio Inc. (NASDAQ: GRPH): BofA Securities lowered its $10 target price to $8 but kept a Buy rating on the stock. The consensus target is $11.43. Tuesday’s close was at $2.84.

Lion Electric Co. (NYSE: LEV): Northland Capital initiated coverage with an Outperform rating and a $5 target price. The consensus target is $3.88. The shares closed on Tuesday at $1.98.

Loop Industries Inc. (NASDAQ: LOOP): Raymond James maintained an Outperform rating with a $15 target price. The consensus target is higher at $17.63. The last trade on Tuesday was reported at $2.62.

MasTec Inc. (NYSE: MTZ): Cowen reiterated an Outperform rating while trimming its $125 price target to $120. That is still above the consensus target of $110 and Tuesday’s close at $84.25 a share.

Mesa Laboratories Inc. (NASDAQ: MLAB): Zacks selected this medtech stock as its Bull of the Day, citing soaring earnings estimates, growing revenue and strong M&A strategies. Shares last closed at $161.65, and the $195.33 consensus target represents almost 21% upside potential.

Quanta Services Inc. (NYSE: PWR): Cowen reiterated an Outperform rating and lifted its $155 target price to $165. The consensus target is $162.40. The shares ended Tuesday’s session trading at $143.97.

Welltower Inc. (NYSE: WELL): Raymond James reiterated an Outperform rating and has a $72 target price. The consensus target is $77.90. The shares closed on Tuesday at $65.94.

Legacy companies in sectors poised to benefit from solid demand next year and that pay big, dependable dividends are likely among the best ideas to outperform. Five top Dow Jones industrials still offer excellent entry points and have survived market downturns before.

Tuesday’s top analyst upgrades and downgrades included Array Technologies, CarMax, Caterpillar, Cleveland-Cliffs, Eaton, First Solar, Intercontinental Exchange, Medical Properties Trust, Paramount Global and Tesla.

Originally published at 24/7 Wall St.

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