This Hormel Foods Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Asana, Independent Bank Group, Fifth Third Bancorp, Heartland Financial USA, and Hormel Foods. These upgrades come with revised price targets, impacting the stock prices of these companies.
May 31, 2024 | 1:25 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Piper Sandler upgraded Asana from Underweight to Neutral but reduced the price target from $18 to $16. Asana shares fell 4.9% to $13.13.
The upgrade to Neutral suggests a more balanced view, but the reduced price target and recent share price drop indicate mixed sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JP Morgan upgraded Hormel Foods from Underweight to Neutral and raised the price target from $28 to $29. Shares fell 9.7% to $30.79.
The upgrade to Neutral and slight price target increase suggest a more balanced view, but the significant share price drop indicates market concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wolfe Research upgraded Fifth Third Bancorp from Peer Perform to Outperform with a $43 price target. Shares rose 1.4% to $36.75.
The upgrade to Outperform and the new price target suggest strong positive sentiment, leading to a modest share price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Keefe, Bruyette & Woods upgraded Heartland Financial USA from Market Perform to Outperform and raised the price target from $51 to $54. Shares rose 2.6% to $43.07.
The upgrade to Outperform and increased price target indicate positive sentiment, reflected in the share price rise.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Piper Sandler upgraded Independent Bank Group from Underweight to Overweight and raised the price target from $38 to $58. Shares rose 2.4% to $45.98.
The upgrade to Overweight and significant price target increase indicate strong positive sentiment, reflected in the share price rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80