This Kroger Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including STMicroelectronics, Kroger, Juniper Networks, QuinStreet, and Sunoco. These upgrades have led to varying degrees of stock price movements for each company.
June 18, 2024 | 5:41 pm
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NEUTRAL IMPACT
Goldman Sachs upgraded STMicroelectronics from Sell to Neutral and raised the price target from $35.5 to $45.8. Shares fell 0.2% to $43.01.
The upgrade from Sell to Neutral and the increased price target indicate a more positive outlook, but the slight drop in share price suggests mixed market reactions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Argus Research upgraded Juniper Networks from Hold to Buy with a price target of $40. Shares rose 0.3% to $35.60.
The upgrade to Buy and the new price target suggest a positive outlook for Juniper Networks, resulting in a slight increase in share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
BMO Capital upgraded Kroger from Market Perform to Outperform and increased the price target from $58 to $60. Shares gained 2.2% to $52.19.
The upgrade to Outperform and the increased price target reflect strong confidence in Kroger's future performance, leading to a positive market reaction.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Craig-Hallum upgraded QuinStreet from Hold to Buy with a price target of $22. Shares gained 9.3% to $17.05.
The upgrade to Buy and the significant price target increase led to a strong positive reaction in QuinStreet's share price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Citigroup upgraded Sunoco from Neutral to Buy with a price target of $65. Shares settled at $54.64.
The upgrade to Buy and the new price target indicate a positive outlook for Sunoco, which is likely to support its share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75