This NXP Semiconductors Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including NXP Semiconductors, Saia, Magnite, Bilibili, and Gannett. These upgrades come with revised price targets, indicating a positive outlook for these stocks.
May 24, 2024 | 12:46 pm
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NEUTRAL IMPACT
Barclays analyst Jiong Shao upgraded Bilibili from Underweight to Equal-Weight, increasing the price target from $10 to $14. Shares fell 12.4% to $13.74.
The upgrade to Equal-Weight and increased price target suggest a neutral outlook. The significant price drop indicates market concerns.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Citigroup analyst Jason Bazinet upgraded Gannett from Sell to Neutral, raising the price target from $1.95 to $3.6. Shares gained 1.5% to $3.45.
The upgrade to Neutral and increased price target suggest a more balanced outlook. The slight price increase reflects market adjustment.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
B of A Securities analyst Omar Dessouky upgraded Magnite from Neutral to Buy, raising the price target from $13 to $15. Shares fell 3.2% to $11.07.
The upgrade to Buy and increased price target indicate a positive outlook. The recent price drop may offer a buying opportunity.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Mizuho analyst Vijay Rakesh upgraded NXP Semiconductors from Neutral to Buy, increasing the price target from $265 to $325. Despite the upgrade, shares fell 2.2% to $272.72.
The upgrade to Buy and significant increase in price target suggest a positive outlook. The recent price drop may present a buying opportunity.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Stifel analyst J. Bruce Chan upgraded Saia from Hold to Buy, but reduced the price target from $526 to $475. Shares gained 0.8% to $380.25.
The upgrade to Buy indicates a positive outlook, though the reduced price target suggests some caution. The slight price increase reflects market optimism.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100