This Bank of America 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 major companies, including Bank of America, Ovintiv, Shopify, Hasbro, and Zscaler. These upgrades come with increased price targets, despite recent declines in the share prices of these companies.
June 14, 2024 | 1:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Keefe, Bruyette & Woods upgraded Bank of America from Market Perform to Outperform, raising the price target from $37 to $46.
The upgrade from Market Perform to Outperform and the increased price target suggest a positive outlook for Bank of America, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
B of A Securities upgraded Hasbro from Neutral to Buy, raising the price target from $70 to $80.
The upgrade to Buy and the increased price target indicate a positive outlook for Hasbro, likely boosting investor confidence and short-term stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Evercore ISI Group upgraded Ovintiv from In-Line to Outperform, maintaining a price target of $60.
The upgrade to Outperform and the maintained price target indicate a positive outlook for Ovintiv, which could lead to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Evercore ISI Group upgraded Shopify from In-Line to Outperform, setting a price target of $75.
The upgrade to Outperform and the new price target suggest a positive outlook for Shopify, likely leading to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
JP Morgan upgraded Zscaler from Neutral to Overweight, raising the price target from $205 to $230.
The upgrade to Overweight and the increased price target suggest a positive outlook for Zscaler, likely leading to a short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100