This Kraft Heinz Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several major companies, including Shopify, Kraft Heinz, Stryker Corporation, Willis Towers Watson, and Prudential Financial. These upgrades come with increased price targets, indicating a bullish outlook for these stocks.
May 22, 2024 | 12:32 pm
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POSITIVE IMPACT
Piper Sandler upgraded Kraft Heinz from Neutral to Overweight, maintaining a price target of $42. Kraft Heinz shares gained 0.4% to $35.92 on Tuesday.
The upgrade to Overweight and the maintained price target indicate a positive sentiment, likely leading to a short-term price increase for Kraft Heinz.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Jefferies upgraded Prudential Financial from Hold to Buy, increasing the price target from $121 to $143. Prudential Financial shares gained 0.1% to $117.84 on Tuesday.
The upgrade to Buy and the increased price target suggest a positive outlook for Prudential Financial, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs upgraded Shopify from Neutral to Buy, raising the price target from $67 to $74. Shopify shares fell 3.2% to $57.02 on Tuesday.
The upgrade from a major firm like Goldman Sachs and the increased price target suggest a positive outlook for Shopify, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham upgraded Stryker Corporation from Hold to Buy, setting a price target of $392. Stryker shares rose 0.2% to $330.51 on Tuesday.
The upgrade to Buy and the high price target suggest strong confidence in Stryker's future performance, likely leading to a short-term price increase.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
B of A Securities upgraded Willis Towers Watson from Underperform to Neutral, raising the price target from $272 to $304. Willis Towers Watson shares gained 0.3% to $253.89 on Tuesday.
The upgrade to Neutral and the increased price target indicate improved sentiment, likely leading to a short-term price increase for Willis Towers Watson.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100