Buy Tractor Supply:

Argus analyst Taylor Conrad upgraded Tractor Supply (TSCO) to Buy from Hold with a $255 price target. The analyst is positive about the company's record of consistent growth, an experienced management team, and a clean balance sheet. Further, Conrad highlighted that Tractor Supply has benefited during the pandemic from increased consumer spending on home improvement projects, in-home activities, and growth in pet ownership.

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'Clearly Excessive' Concerns:

Citic Securities analyst Junyun Chen initiated coverage of Zoom Video (ZM) with a Buy rating and $260 price target. Zoom's stock price has fallen by two-thirds from its peak last October, mainly reflecting market concerns about the decline in revenue growth after the pandemic, the loss of small and medium-sized business customers, and competition from Microsoft (MSFT) Teams, Chen told investors in a research note. However, current market concerns "are clearly excessive" and the stock is "oversold," the analyst argued. He believes the global video conferencing market "maintains a high degree of prosperity" and that despite the competition from Microsoft Teams and Cisco (CSCO), Zoom maintains a "solid leading position."

Leading EV Tech: 

Citi analyst Itay Michaeli resumed coverage of Lucid Group (LCID) with a Buy rating and $57 price target. The company has demonstrated leading electric vehicle technology "credentials with a best-in-class blend of range, performance, charging dynamics and price," Michaeli told investors in a research note. The analyst also argued that Lucid benefits for its speed-to-market.

Higher Price Target, Still Bearish: 

Citi analyst Itay Michaeli raised the firm's price target on Tesla (TSLA) to $262 from $236 but kept a Sell rating on the shares. The analyst increased earnings estimates through 2023 estimates to reflect "strong" fourth-quarter trends and improve supply/demand dynamics. Despite some known near-term margin headwinds, electric vehicle supply/demand will remain strong enough to continue driving year-over-year margin expansion, particularly in the U.S., where Tesla's share is strongest, Michaeli told investors in a research note. However, the analyst's Sell rating reflects his view of the stock's risk/reward at the current valuation, which he believes embeds expectations for Tesla selling 20M annually units by 2030, an implied market share outcome that is not supported by his prior market analysis.

General Motors, Ford Targets Raised At Citi: 

Citi analyst Itay Michaeli raised the firm's price target on General Motors (GM) to $96 from $90, while keeping a Buy rating on the shares. The analyst increased 2021 through 2023 earnings estimates to reflect "strong" fourth-quarter trends as well as the company's prior positive fourth-quarter pre-announcement. In 2023 he expects GM to benefit from new truck refresh and electric vehicle launches. GM remains Michaeli's top pick, with a long-term upside case to $200 per share. Though the shares have underperformed since the recent departure of Cruise's CEO, GM's upcoming electric vehicle unveilings will likely be a positive catalyst for the stock, Michaeli told investors in a research note.

The analyst also raised the firm's price target on Ford (F) to $23 from $20 and kept a Neutral rating on the shares. Michaeli continues to see greater relative upside at General Motors, but maintains a "constructive stance" on Ford, saying the long-term risk/reward proposition "continues to improve."