This CrowdStrike 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 CrowdStrike Holdings, Lionsgate Studios, Lumen Technologies, Sonic Automotive, and argenx SE. These upgrades reflect a positive outlook for these companies despite some mixed price target adjustments.
August 06, 2024 | 12:48 pm
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POSITIVE IMPACT
Barclays upgraded argenx SE from Equal-Weight to Overweight. Shares fell 3% to close at $484.52.
The upgrade to Overweight is positive, but the share price drop suggests market concerns or other negative factors. The overall impact is cautiously optimistic.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler upgraded CrowdStrike Holdings from Neutral to Overweight, but lowered the price target from $310 to $290. Shares gained 1.9% to close at $222.05.
The upgrade to Overweight indicates a positive outlook, which is likely to boost investor confidence. The lowered price target may temper some enthusiasm, but the overall impact is positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Seaport Global upgraded Lionsgate Studios from Neutral to Buy with a price target of $12. Shares gained 1% to close at $7.12.
The upgrade to Buy and a significant price target increase suggest strong future performance, likely boosting investor sentiment and share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
JP Morgan upgraded Sonic Automotive from Neutral to Overweight and raised the price target from $58 to $63. Shares gained 3.4% to close at $57.78.
The upgrade to Overweight and increased price target indicate strong future performance expectations, likely boosting investor confidence and share price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Citigroup upgraded Lumen Technologies from Sell to Neutral and raised the price target from $1.25 to $3.15. Shares fell 15.6% to close at $2.59.
The upgrade from Sell to Neutral and a higher price target are positive, but the significant share price drop indicates market skepticism or other negative factors at play.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100