Investing in the stock market can be a thrilling yet daunting experience. With so many analyst calls and Wall Street chatter, it can be hard to keep up with the latest trends and recommendations. That’s why we, at Extreme Investor Network, are here to provide you with unique insights and valuable information to help you make informed investment decisions.
Recently, analysts have been buzzing about a solar stock and an apparel giant. Nike, a well-known retailer, saw its shares drop over 14% after its fourth-quarter revenue fell short of expectations and the company provided a lackluster sales forecast. Several analysts, including those from Stifel, UBS, Morgan Stanley, and JPMorgan, downgraded Nike’s stock following these results. Despite the challenges, Wells Fargo analyst Ike Boruchow reiterated an overweight rating on Nike stock but lowered his price target to $92 per share.
On the other hand, Deutsche Bank raised its price target on First Solar, a solar stock that has been performing well this quarter. The bank expects further gains ahead for First Solar and reiterated its buy rating on the stock. Analyst Corinne Blanchard raised the price target to $280 from $215, implying a 12% upside from Thursday’s close. With the upcoming U.S. elections and potential risks to the solar industry, Deutsche Bank remains bullish on First Solar’s future prospects.
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