This ASML 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 Sprouts Farmers Market, Varonis Systems, ASML Holding, Aon plc, and Affirm Holdings. These upgrades reflect increased confidence in the companies' future performance.
July 30, 2024 | 1:38 pm
News sentiment analysis
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POSITIVE IMPACT
B of A Securities upgraded Affirm Holdings from Neutral to Buy, maintaining the price target of $36. Shares settled at $26.84 on Monday.
The upgrade to Buy indicates a positive outlook for AFRM, which is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Keefe, Bruyette & Woods upgraded Aon plc from Underperform to Outperform and raised the price target from $313 to $380. Shares closed at $319.29 on Monday.
The upgrade to Outperform and a higher price target reflect increased confidence in AON's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Barclays upgraded ASML Holding from Equal-Weight to Overweight. Shares settled at $870.55 on Monday.
The upgrade to Overweight indicates a bullish outlook for ASML, which is likely to positively influence the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo upgraded Sprouts Farmers Market from Underweight to Equal-Weight and raised the price target from $62 to $90. Shares settled at $84.66 on Monday.
The upgrade from Underweight to Equal-Weight and a significant price target increase indicate a positive outlook for SFM, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird upgraded Varonis Systems from Neutral to Outperform and increased the price target from $52 to $60. Shares closed at $48.49 on Monday.
The upgrade to Outperform and a higher price target suggest strong future performance for VRNS, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100