This Starbucks Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several major companies. Deutsche Bank upgraded Starbucks (SBUX) from Hold to Buy, raising the price target to $118. Barclays upgraded Illumina (ILMN) from Underweight to Equal-Weight with a price target of $125. Wedbush upgraded Chipotle Mexican Grill (CMG) from Neutral to Outperform, increasing the price target to $58. Goldman Sachs upgraded nCino (NCNO) from Neutral to Buy, boosting the price target to $42. Baird upgraded Ball Corporation (BALL) from Neutral to Outperform, maintaining a price target of $70.
August 14, 2024 | 1:01 pm
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NEUTRAL IMPACT
Barclays upgraded Illumina from Underweight to Equal-Weight with a price target of $125. Illumina shares fell 3.9% to close at $119.72.
The upgrade to Equal-Weight and the new price target of $125 may stabilize the stock, but the recent decline suggests mixed investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Baird upgraded Ball Corporation from Neutral to Outperform, maintaining a price target of $70. Ball shares gained 0.9% to close at $62.58.
The upgrade to Outperform and the maintained price target of $70 is likely to positively influence investor sentiment and support the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wedbush upgraded Chipotle from Neutral to Outperform, increasing the price target to $58. Chipotle shares fell 7.5% to close at $51.68.
The upgrade to Outperform and the increased price target to $58 is likely to attract positive investor attention, potentially reversing the recent decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs upgraded nCino from Neutral to Buy, boosting the price target to $42. nCino shares gained 2.5% to settle at $32.35.
The upgrade to Buy and the increased price target to $42 is likely to continue driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Deutsche Bank upgraded Starbucks from Hold to Buy, raising the price target to $118. Starbucks shares gained 24.5% to close at $95.90.
The upgrade from Hold to Buy and the significant increase in the price target to $118 is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100