This 3M Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for 3M Company, American States Water Company, Ecolab Inc., The Gap, Inc., and PayPal Holdings, Inc. These upgrades have led to varying impacts on the stock prices of these companies.
July 31, 2024 | 12:27 pm
News sentiment analysis
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NEGATIVE IMPACT
Citigroup upgraded Ecolab Inc. from Neutral to Buy but lowered the price target from $267 to $265. Shares dipped 7.7% to settle at $228.86.
Despite the upgrade from Neutral to Buy by Citigroup, the lowering of the price target from $267 to $265 and the subsequent 7.7% drop in share price suggest mixed investor sentiment and potential concerns about the company's near-term prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo upgraded American States Water Company from Underweight to Equal-Weight and increased the price target from $80 to $87. Shares gained 1.5% to close at $82.56.
The upgrade from Underweight to Equal-Weight and an increase in the price target from $80 to $87 by Wells Fargo is a positive development for American States Water. The stock's 1.5% gain indicates a favorable market reaction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
B of A Securities upgraded The Gap, Inc. from Underperform to Neutral and raised the price target from $18.5 to $25. Gap shares gained 2.4% to close at $22.78.
The upgrade from Underperform to Neutral and the increase in the price target from $18.5 to $25 by B of A Securities is a positive signal for Gap. The stock's 2.4% gain reflects a positive market reaction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank upgraded 3M Company from Hold to Buy and raised the price target from $110 to $150. 3M shares gained 1.3% to settle at $126.75.
The upgrade from Hold to Buy and a significant increase in the price target from $110 to $150 by Deutsche Bank is a strong positive signal for 3M. The stock's immediate gain of 1.3% reflects investor confidence in the upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bernstein upgraded PayPal Holdings, Inc. from Market Perform to Outperform and boosted the price target from $71 to $78. PayPal shares rose 8.6% to settle at $64.00.
The upgrade from Market Perform to Outperform and the increase in the price target from $71 to $78 by Bernstein is a strong positive signal for PayPal. The stock's significant 8.6% gain indicates strong investor confidence in the upgrade.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100