This Boston Beer Analyst Turns Bullish; Here Are Top 5 Upgrades For Today.
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have updated their ratings and price targets for various companies, indicating a bullish outlook on The Boston Beer Company, Planet Fitness, Amicus Therapeutics, Fortrea Holdings, and Edison International. These changes reflect analysts' optimism or concerns based on recent company performances and market trends.

May 14, 2024 | 1:18 pm
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POSITIVE IMPACT
Wells Fargo upgraded Edison International from Equal-Weight to Overweight, raising the price target from $72 to $86, after a slight 0.6% decrease in shares.
The upgrade and increased price target for Edison International reflect Wells Fargo's confidence in the company's prospects, suggesting a positive impact on its stock price in the near term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Guggenheim upgraded Amicus Therapeutics from Neutral to Buy with a $13 price target, after shares fell 2.1%.
The upgrade to Buy and the setting of a $13 price target for Amicus Therapeutics by Guggenheim suggest an anticipated recovery and positive momentum, which could attract investor interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Baird upgraded Fortrea Holdings from Neutral to Outperform, reducing the price target from $45 to $36, after a 14.9% share decline and a cut in revenue outlook.
The upgrade to Outperform despite a significant share price drop and reduced revenue outlook indicates Baird's belief in Fortrea Holdings' potential for recovery, which could positively influence its short-term stock performance.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JP Morgan upgraded Planet Fitness from Neutral to Overweight and raised the price target from $68 to $78, following a 0.9% gain in shares.
The upgrade and increased price target for Planet Fitness indicate a positive outlook from JP Morgan, likely contributing to further gains in the short term as investor sentiment improves.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Jefferies upgraded The Boston Beer Company from Hold to Buy, increasing the price target from $335 to $360, despite a recent 2.5% decline in shares.
The upgrade by Jefferies to a Buy rating and the increase in price target suggest a bullish outlook for Boston Beer, potentially leading to increased investor interest and a positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90