This Micron Technology Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Today
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Teradyne, Micron Technology, Globus Medical, MercadoLibre, and Universal Health Services. These upgrades come with increased price targets, indicating a positive outlook for these stocks.
May 20, 2024 | 6:50 pm
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POSITIVE IMPACT
Piper Sandler upgraded Globus Medical from Neutral to Overweight, increasing the price target from $60 to $80. Shares rose 0.7% to $64.40 on Friday.
The upgrade to Overweight and a higher price target suggest a positive outlook for Globus Medical.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Jefferies upgraded MercadoLibre from Hold to Buy, setting a price target of $2,100. Shares closed at $1,749.17 on Friday.
The upgrade to Buy and a substantial price target increase indicate strong confidence in MercadoLibre's growth potential.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley upgraded Micron Technology from Underweight to Equal-Weight, raising the price target from $98 to $130. Shares settled at $125.29 on Friday.
The upgrade from Underweight to Equal-Weight and a higher price target indicate improved sentiment towards Micron Technology.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs upgraded Teradyne from Neutral to Buy, increasing the price target from $118 to $161. Shares closed at $131.91 on Friday.
The upgrade from a reputable firm like Goldman Sachs and a significant increase in the price target suggest a strong positive outlook for Teradyne.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UBS upgraded Universal Health Services from Neutral to Buy, raising the price target from $189 to $226. Shares settled at $177.70 on Friday.
The upgrade to Buy and a higher price target suggest a positive outlook for Universal Health Services.
CONFIDENCE 87
IMPORTANCE 80
RELEVANCE 100