This Dell Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for Dell Technologies, Hormel Foods, Starbucks, Alliant Energy, and Littelfuse. These upgrades include new price targets and improved outlooks, potentially impacting the stock prices of these companies.
August 13, 2024 | 1:55 pm
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Barclays analyst Tim Long upgraded Dell Technologies from Underweight to Equal-Weight with a new price target of $97. Dell shares gained 2.9% to close at $95.27 on Monday.
The upgrade from Underweight to Equal-Weight and the new price target of $97 suggest a positive outlook for Dell Technologies, likely boosting investor confidence and driving short-term stock price gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Citigroup analyst Thomas Palmer upgraded Hormel Foods from Neutral to Buy and raised the price target from $33 to $37. Hormel shares fell 2.4% to close at $31.25 on Monday.
The upgrade to Buy and the increased price target indicate a positive outlook for Hormel Foods, which could lead to a rebound in its stock price despite the recent decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Stifel analyst Matthew Sheerin upgraded Littelfuse from Hold to Buy and increased the price target from $270 to $280. Littelfuse shares closed at $240.71 on Monday.
The upgrade to Buy and the increased price target suggest a positive outlook for Littelfuse, likely leading to a short-term increase in its stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Ladenburg Thalmann analyst Paul Fremont upgraded Alliant Energy from Neutral to Buy, increasing the price target from $50 to $62.5. Alliant Energy shares closed at $55.96 on Monday.
The upgrade to Buy and the higher price target indicate a favorable outlook for Alliant Energy, which could drive its stock price higher in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird analyst David Tarantino upgraded Starbucks from Neutral to Outperform and boosted the price target from $81 to $110. Starbucks shares closed at $77.03 on Monday.
The upgrade to Outperform and the significant increase in the price target suggest strong growth potential for Starbucks, likely leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100