This Cognizant Technology Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Lumen Technologies, Cognizant Technology Solutions, Vertiv Holdings, BioNTech, and Builders FirstSource. These upgrades have led to notable gains in their stock prices.
August 07, 2024 | 12:46 pm
News sentiment analysis
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POSITIVE IMPACT
Baird upgraded Builders FirstSource from Neutral to Outperform and raised the price target to $190. The stock gained 4.1% to close at $155.73.
The upgrade to Outperform and the raised price target indicate strong future performance expectations, leading to a significant stock price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank upgraded BioNTech from Hold to Buy, maintaining a price target of $95. The stock increased by 1.5% to close at $79.50.
The upgrade to Buy and the maintained price target suggest strong future performance, leading to a positive stock price movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
B of A Securities upgraded Cognizant Technology Solutions from Underperform to Neutral and raised the price target to $75, resulting in a 1.3% stock price increase to $72.65.
The upgrade from Underperform to Neutral and the raised price target suggest improved outlook, leading to a modest stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JP Morgan upgraded Lumen Technologies from Underweight to Neutral, leading to a 93.1% increase in its stock price, closing at $5.00.
The significant upgrade from Underweight to Neutral by JP Morgan and the massive 93.1% stock price increase indicate strong positive sentiment and potential for further gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Mizuho upgraded Vertiv Holdings from Neutral to Outperform, despite lowering the price target to $92. The stock gained 2.3% to close at $69.27.
The upgrade to Outperform indicates strong future performance expectations, leading to a positive stock price reaction despite a lower price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100