Analysts Chime in on This Week’s Trending Stocks: Tyson Foods, Wal-Mart, First Solar, and More

With buying Jet.com, building up stakes in leading Chinese and Indian e-commerce companies, and investing more into its online-business, Wal-Mart Stores, Inc. (NYSE:WMT) is getting more love from the sell-side. Peter Benedict of Baird thinks that Wal-Mart is going full steam ahead into its next phase of transformation and one that could unlock value for investors over the long term. Benedict has a $80 price target and an ‘Outperform’ rating on the retailer. Warren Buffett’s Berkshire Hathaway owned slightly over 40 million shares in Wal-Mart Stores, Inc. (NYSE:WMT) on June 30, down by 28% over the quarter.

Although Hilary Clinton’s chances of becoming the next President of the United States have increased since the first debate, Goldman Sachs isn’t bullish on several solar names. Analyst Brian Lee downgraded First Solar, Inc. (NASDAQ:FSLR) to ‘Neutral’ from ‘Buy’ and cut his price target to $42 from the previous $58, saying that “while long-term risk-reward remains more compelling for the company vs others in [their] coverage, [their] positive expectations on volume upside potential and better-than-expected EPS power heading into 2017 have not been fulfilled.” At the end of the second quarter, 30 investors from our database owned shares of First Solar, Inc. (NASDAQ:FSLR), down by one from the previous quarter.

Solaredge Technologies Inc (NASDAQ:SEDG) was also downgraded by Goldman Sachs to ‘Sell’ from ‘Neutral’, while its price target was cut to $13 from $19. Analyst Brian Lee thinks Solaredge’s growth rate could disappoint due to “the reversal in market share gains and intensifying pricing pressure”. The number of funds tracked by us with holdings in Solaredge Technologies Inc (NASDAQ:SEDG) fell by two quarter-over-quarter to 12 at the end of June.

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