This Heico Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Upstart Holdings, Heico Corp, Sunoco LP, Gold Royalty Corp, and SentinelOne Inc. These upgrades come with revised price targets, reflecting changes in analyst outlooks.
June 04, 2024 | 2:47 pm
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POSITIVE IMPACT
BMO Capital upgraded Gold Royalty Corp from Market Perform to Outperform with a price target of $2.5. Shares fell 1.9% to $1.53 on Monday.
The upgrade to Outperform suggests a strong positive outlook, which could lead to a short-term price increase despite the recent drop.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley upgraded Heico Corp from Underweight to Equal-Weight and boosted the price target from $178 to $225. Shares rose 0.3% to $222.48 on Monday.
The upgrade and increased price target suggest a more favorable view, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Canaccord Genuity upgraded SentinelOne Inc from Hold to Buy but reduced the price target from $28 to $23. Shares rose 1.7% to $17.52 on Monday.
The upgrade to Buy indicates a positive outlook, which could lead to a short-term price increase despite the reduced price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Mizuho upgraded Sunoco LP from Neutral to Buy but reduced the price target from $60 to $59. Shares fell 0.3% to $50.87 on Monday.
The upgrade to Buy indicates a positive outlook, which could lead to a short-term price increase despite the reduced price target.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Redburn Atlantic upgraded Upstart Holdings from Sell to Neutral and raised the price target from $22.5 to $25.5. Shares fell 2.4% to $24.12 on Monday.
The upgrade from Sell to Neutral and the raised price target indicate a more positive outlook, which could lead to a short-term price increase despite the recent drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100