Investing

Monday's Top Analyst Upgrades and Downgrades: Akamai, ContextLogic, DuPont, First Solar, Southwest Air, 3M, Union Pacific and More

AON PLC (NYSE: AON): JPMorgan’s downgrade was from Overweight to Neutral with a $283 price objective. The consensus target is $283.13. The stock closed on Friday at $291.08.

Coherent Inc. (NASDAQ: COHR): Stifel resumed coverage with a Hold rating and a $270 price target. The consensus target is $256.33. The last trade for Friday was reported at $253.12 a share.

ContextLogic Inc. (NASDAQ: WISH): Oppenheimer downgraded the popular meme stock to Underperform from Perform and has a $4 price target. The consensus target is much higher at $9.83. Friday’s last print was $5.35 per share.

DuPont de Nemours Inc. (NYSE: DD): JPMorgan upgraded the chemical and industrial leader to Overweight from Neutral and has an $85 price target. The shares were last seen on Friday trading at $69.13. The stock was up almost 3% in Monday’s premarket.

First Solar Inc. (NASDAQ: FSLR): Zacks has named this as its Bear of the Day stock. The analyst pointed out that earnings looked good, but supply chain issues hamper future growth. Shares last closed at $96.57, and the consensus price target is $99.16.

Guidewire Software Inc. (NYSE: GWRE): BofA Securities downgraded the shares to Underperform from Neutral, and the firm also cut the target price to $125 from $132. The posted consensus target is $132.75. The closing trade for Friday came in at $118.47 a share.

John Bean Technologies Corp. (NYSE: JBT): JPMorgan raised the shares to Neutral from Underweight, and it has a $130 target price. The consensus target is $149.80, and the last trade for Friday hit the tape at $143.15.


Leap Therapeutics Inc. (NASDAQ: LPTX): Mizuho started coverage with a Buy rating and a $6 price target. The consensus price objective is $4.50. The stock ended Friday’s trading at $3.65 a share.

MultiPlan Corp. (NASDAQ: MPLN): Citigroup resumed coverage with a Buy rating and a $9 price target The consensus price objective is $8.75. The stock closed Friday at $5.60.

Nerdy Inc. (NASDAQ: NRDY): Canaccord Genuity started coverage with a Buy rating, and the firm has a $14 price target. The consensus target is $15. The last Friday trade was at $10.04 per share.

nLIGHT Inc. (NASDAQ: LASR): Stifel resumed coverage with a Buy rating and a $38 price target. The consensus target is $41. The stock closed Friday at $26.95, which was down almost 5% for the day.