This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several major companies, including Cisco Systems, Nike, Teradyne, Microchip Technology, and Illumina. These upgrades have led to significant gains in the stock prices of these companies.
August 16, 2024 | 12:42 pm
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POSITIVE IMPACT
HSBC analyst Stephen Bersey upgraded Cisco Systems from Hold to Buy, raising the price target from $46 to $58. Cisco shares gained 6.8% to close at $48.53.
The upgrade from Hold to Buy and the significant increase in the price target from $46 to $58 by HSBC is a strong positive signal for investors. The immediate 6.8% gain in share price reflects market confidence in the upgrade.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Daiwa Capital analyst Narumi Nakagiri upgraded Illumina from Neutral to Buy, raising the price target from $120 to $154. Illumina shares gained 5.3% to close at $128.80.
The upgrade from Neutral to Buy and the significant increase in the price target from $120 to $154 by Daiwa Capital is a strong positive signal for investors. The immediate 5.3% gain in share price reflects market confidence in the upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler analyst Harsh Kumar upgraded Microchip Technology from Neutral to Overweight, raising the price target from $90 to $100. Microchip shares gained 4.1% to close at $81.30.
The upgrade from Neutral to Overweight and the increase in the price target from $90 to $100 by Piper Sandler is a positive signal for investors. The immediate 4.1% gain in share price reflects market confidence in the upgrade.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Williams Trading analyst Sam Poser upgraded Nike from Sell to Buy, raising the price target from $67 to $93. Nike shares gained 5.1% to close at $82.50.
The upgrade from Sell to Buy and the substantial increase in the price target from $67 to $93 by Williams Trading is a strong positive signal for investors. The immediate 5.1% gain in share price reflects market confidence in the upgrade.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Cantor Fitzgerald analyst C J Muse upgraded Teradyne from Neutral to Overweight, setting a price target of $160. Teradyne shares gained 5.2% to close at $131.73.
The upgrade from Neutral to Overweight and the new price target of $160 by Cantor Fitzgerald is a strong positive signal for investors. The immediate 5.2% gain in share price reflects market confidence in the upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100