This BJ's Wholesale Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Ollie's Bargain Outlet, BJ's Wholesale Club, Xcel Energy, Camden Property Trust, and Kymera Therapeutics. These upgrades reflect positive outlooks and increased price targets.
August 26, 2024 | 1:00 pm
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POSITIVE IMPACT
Wolfe Research upgraded Kymera Therapeutics from Peer Perform to Outperform with a price target of $65.
The upgrade to Outperform and a price target significantly above the current price suggest a strong positive outlook, likely boosting KYMR's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Gordon Haskett upgraded Ollie's Bargain Outlet from Accumulate to Buy, raising the price target to $107.
The upgrade from Accumulate to Buy and the increased price target suggest a positive outlook for OLLI, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Argus Research upgraded Xcel Energy from Hold to Buy with a price target of $68.
The upgrade to Buy and a new price target above the current price suggest a positive outlook, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JP Morgan upgraded BJ's Wholesale Club from Underweight to Neutral, raising the price target to $78.
The upgrade to Neutral and a slight increase in price target may stabilize BJ's stock, but the impact is likely neutral given the current price above the target.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Wells Fargo upgraded Camden Property Trust from Underweight to Equal-Weight, raising the price target to $127.
The upgrade to Equal-Weight and a price target close to the current price suggest a neutral short-term impact on CPT's stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80