This Snowflake Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including BJ's Wholesale Club, Snowflake, Westlake Corporation, Warby Parker, and Gaming and Leisure Properties. These upgrades come with increased price targets, despite recent declines in their stock prices.
August 23, 2024 | 1:58 pm
News sentiment analysis
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NEUTRAL IMPACT
HSBC upgraded Snowflake from Reduce to Hold with a price target of $121.
The upgrade to Hold indicates a neutral stance, suggesting limited short-term price movement despite the recent decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Wells Fargo upgraded BJ's Wholesale Club from Equal-Weight to Overweight, raising the price target from $75 to $92.
The upgrade from Wells Fargo and the increased price target suggest a positive outlook for BJ's Wholesale Club, likely boosting investor confidence and potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wolfe Research upgraded Gaming and Leisure Properties from Peer Perform to Outperform, setting a price target of $57.
The upgrade to Outperform and the new price target suggest a positive outlook, likely to boost Gaming and Leisure Properties' stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
RBC Capital upgraded Westlake Corporation from Sector Perform to Outperform, raising the price target from $157 to $174.
The upgrade to Outperform and higher price target suggest a strong positive outlook, likely to positively impact Westlake's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
JMP Securities upgraded Warby Parker from Market Perform to Market Outperform with a price target of $20.
The upgrade to Market Outperform and the new price target indicate a positive outlook, which could lead to an increase in Warby Parker's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85