JP Morgan analyst Richard Sunderland downgrades New Jersey Resources (NYSE:NJR) from Neutral to Underweight and lowers the price target from $47 to $46.
Solar stocks traded significantly higher over the past month following the passage of the Inflation Reduction Act, which included several investments in clean energy.
Morgan Stanley analyst Kristine Liwag downgrades Spirit AeroSystems Hldgs (NYSE:SPR) from Overweight to Underweight and lowers the price target from $51 to $35.
Wells Fargo analyst Jeff Cantwell downgrades Paymentus Holdings (NYSE:PAY) from Overweight to Equal-Weight and lowers the price target from $19 to $13.