This Skyworks Solutions Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including iRhythm Technologies, Bread Financial Holdings, Ocular Therapeutix, TransUnion, and Skyworks Solutions. These upgrades could influence short-term stock movements.
June 20, 2024 | 1:13 pm
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POSITIVE IMPACT
Evercore ISI Group upgraded Bread Financial Holdings from Underperform to In-Line, raising the price target from $42 to $45. Shares gained 0.5% to close at $40.84.
The upgrade from Underperform to In-Line and a higher price target indicate improved outlook, likely leading to modest short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wolfe Research upgraded iRhythm Technologies from Peer Perform to Outperform with a price target of $115. Shares gained 2.5% to close at $98.16.
The upgrade to Outperform and a significant price target increase suggest strong positive sentiment, likely driving short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TD Cowen upgraded Ocular Therapeutix from Hold to Buy, raising the price target from $7 to $11. Shares fell 0.2% to settle at $5.49.
The upgrade to Buy and a higher price target suggest positive future prospects, despite the slight decline in share price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
B. Riley Securities upgraded Skyworks Solutions from Neutral to Buy, increasing the price target from $96 to $130. Shares rose 0.2% to settle at $106.46.
The upgrade to Buy and a significant price target increase suggest strong positive sentiment, likely driving short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
B of A Securities upgraded TransUnion from Neutral to Buy with a price target of $92. Shares slipped 0.01% to close at $71.31.
The upgrade to Buy and a higher price target indicate positive sentiment, likely leading to short-term price gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100