Top Analyst Upgrades and Downgrades: AES, Applied Materials, Bloom Energy, Chimera, Co-Diagnostics, FirstEnergy, Home Depot, Marriott, Target, Tesla, Walmart and More

FirstEnergy Corp. (NYSE: FE) was maintained as Overweight at Morgan Stanley, but the firm did cut its target price to $40 from $43. The stock closed down 0.9% at $29.60 ahead of the call, and it had a $39.39 consensus price target.

Grocery Outlet Holding Corp. (NASDAQ: GO) was named as the Bull of the Day at Zacks, which said that investors smell a bargain as this company starts to grow. Shares most recently closed at $42.88 and have a consensus price target of $47.92.

Home Depot Inc. (NYSE: HD) was started as Neutral with a $290 price target (versus a $281.66 close) at D.A. Davidson. It had a $274.28 consensus target price.

Marriott International Inc. (NYSE: MAR) was raised to Buy from Hold and its target price was raised to $125 from $88 (versus a $96.50 close) at Jefferies.

PetIQ Inc. (NASDAQ: PETQ) was reiterated as Outperform but its target price was lowered to $43 from $44 (versus a $29.57 close) at Raymond James.

Sunoco L.P. (NYSE: SUN) was reiterated as Outperform and its target price was raised to $32 from $29 (versus a $25.68 close) at RBC Capital Markets.

Target Corp. (NYSE: TGT) was reiterated as Strong Buy and its target price was raised to $160 from $150 at Raymond James. Target closed at $134.81 a share ahead of this call, and it had a $132.84 consensus target price.

Tesla Inc. (NASDAQ: TSLA) closed up over 4% at $1,621.00 on Thursday, and its shares were up about 3% at $1,669.00 on Friday after two bearish analysts capitulated and gave up on their Sell-equivalent ratings. BofA Securities upgraded Tesla to Neutral from Underperform and raised the target price all the way up to $1,750 from $800. Morgan Stanley upgraded it to Equal Weight from Underweight and raised its price target to $1,350 from $1,050.

Walmart Inc. (NYSE: WMT) was started as Buy with a $148 target price at D.A. Davidson. Walmart closed up 0.4% at $131.85, and it had a $138.71 consensus price target ahead of the call. Ltd. (NASDAQ: WIX) was named as the Zacks Bear of the Day stock. The firm said that it is time for investors to take profits before reality sets in. Shares last closed at $278.47 and have a consensus price target of $331.28.

Goldman Sachs made a surprising energy addition to its Conviction List.

Thursday’s top analyst upgrades and downgrades included Charter Communications, Cisco Systems, Deere, FedEx, Lyft, Micron Technology, Nvidia, Occidental Petroleum, Ping Identity and Voya Financial.

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