Today's Most Important Upgrades

Barclays upgraded First Solar (NASDAQ: FSLR) to Equalweight from Underweight and raised its price target to $162.00 from $89.00, noting it believes there will continue to be put and takes that could take the stock in either direction. Shares were trading more than 2% higher intra-day today after gaining nearly 10% yesterday.

JPMorgan upgraded Monster Beverage (NASDAQ: MNST) to Overweight from Neutral and raised its price target to $106 from $96, viewing the company as well positioned into 2023 from both organic top-line and bottom-line perspectives.

RBC Capital upgraded Norfolk Southern (NYSE: NSC) to Sector Perform from Underperform and raised its price target to $237.00 from $221.00.

Exane BNP Paribas upgraded ExxonMobil (NYSE: XOM) to Neutral from Underperform with a price target of $115.00.

By Davit Kirakosyan

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