Today's Important Price Target Changes

BMO Capital lowered its price target on Peloton Interactive (NASDAQ: PTON) to $8.50 from $9.75 while maintaining an Underperform rating on more job cuts (according to WSJ and CNBC today’s articles).

Roth Capital raised its price target on First Solar (NASDAQ: FSLR) to $180.00 from $135.00 while maintaining a Buy rating, ahead of Q3/22, looking for management to share color on how pricing has increased/changed post-SPI and how bookings have developed.

JPMorgan raised its price target on Caterpillar (NYSE: CAT) to $220 from $205 while maintaining an Overweight rating. Following Dealer Finance Conference in Las Vegas this week, JPMorgan provided bullish commentary in a note to clients, noting that end-user demand remains broadly positive. "From a stock perspective, we seen an opportunity to own CAT as expectations remain muted around sales and margins into the 3Q print given a disappointing 2Q and a lack of specifics in guidance," was added in the note.

UBS raised its price target on Biogen (NASDAQ: BIIB) to $309.00 from $238.00 while maintaining a Buy rating, following the surprise positive lecanemab update.

By Davit Kirakosyan

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