Investing

Wednesday's Top Analyst Upgrades and Downgrades: AMC, Apple, Facebook, First Solar, Kansas City Southern, Roku, SolarEdge and More

AvalonBay Communities Inc. (NYSE: AVB): Barclays initiated coverage with an Underweight rating and a $225 price target. The $233.55 consensus target is above Tuesday’s close at $229.58.

Ballard Power Systems Inc. (NASDAQ: BLDP): Wolfe Research initiated coverage with an Underperform rating and a $16 price target. Shares most recently closed at $16.80 and have a consensus price target of $23.24.

Bloom Energy Corp. (NYSE: BE): Wolfe Research started coverage with a Peer Perform rating and a $25 price target. The shares last closed at $21.42, and the consensus price target is $32.14.

Boston Beer Co. Inc. (NYSE: SAM): Zacks selected this as its Bear of the Day stock. The analyst pointed out that the beverage company fell well short of second-quarter earnings estimates back in July and disappointing guidance has helped send the stock plummeting. Shares last closed at $570.21, and the consensus target price is all the way up at $899.60.

Denali Therapeutics Inc. (NASDAQ: DNLI): SMBC Nikko started it with an Outperform rating and a $78 price target. Shares last closed at $53.20, but they have traded as high as $93.94 in the past year.

Enphase Energy Inc. (NASDAQ: ENPH): Wolfe Research initiated coverage with an Outperform rating. The shares most recently closed at $173.73 and have a consensus price target of $196.62.


Essex Property Trust Inc. (NYSE: ESS): Barclays started coverage with an Equal Weight rating and a $335 price target. Shares last closed at $330.74 and have a consensus price target of $340.33.

Facebook Inc. (NASDAQ: FB): Rosenblatt downgraded it to Neutral from Buy and has a $400 price target. The shares most recently closed at $379.38 and have a consensus price target of $414.79.

First Solar Inc. (NASDAQ: FSLR): Wolfe Research initiated coverage with a Peer Perform rating and a $100 price target. The stock was last seen on Tuesday trading at $94.00, in a 52-week range of $59.52 to $112.50.

Kansas City Southern (NYSE: KSU): The Loop Capital downgrade was to Hold from Buy. Shares most recently closed at $280.67, and the consensus price target is $292.38.