This Robinhood Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several major companies. RBC Capital upgraded Lockheed Martin (LMT) to Outperform with a price target of $600. Citigroup upgraded Robinhood Markets (HOOD) to Neutral with a price target of $18. Keefe, Bruyette & Woods upgraded Essent Group (ESNT) to Outperform with a price target of $70. B of A Securities upgraded Five9 (FIVN) to Buy with a price target of $63. JP Morgan upgraded Celanese Corporation (CE) to Neutral but lowered the price target to $130.
August 05, 2024 | 1:42 pm
News sentiment analysis
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NEUTRAL IMPACT
JP Morgan upgraded Celanese Corporation to Neutral but lowered the price target to $130. Shares fell 4.4% to $131.55.
The upgrade to Neutral is offset by the lowered price target, reflecting cautious optimism. The share price decline suggests investor uncertainty.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Citigroup upgraded Robinhood Markets to Neutral with a price target of $18. Shares fell 21% to $14.13.
Despite the upgrade to Neutral, the significant drop in share price suggests mixed investor sentiment. The price target of $18 indicates potential for recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Keefe, Bruyette & Woods upgraded Essent Group to Outperform and raised the price target to $70. Shares fell 2.1% to $58.72.
The upgrade to Outperform and increased price target suggest positive long-term prospects, despite the short-term decline in share price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
B of A Securities upgraded Five9 to Buy and maintained the price target of $63. Shares fell 1.6% to $40.13.
The upgrade to Buy and maintained price target indicate strong future potential, despite the minor short-term decline in share price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
RBC Capital upgraded Lockheed Martin to Outperform and raised the price target to $600. Shares gained 2.4% to $562.00.
The upgrade to Outperform and significant price target increase to $600 from a reputable analyst is likely to boost investor confidence and drive short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100