This Moderna Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Delek Logistics Partners, Concentrix Corporation, Moderna, ArcelorMittal, and AeroVironment. These upgrades reflect changes in price targets and outlooks, impacting stock prices.
August 28, 2024 | 1:39 pm
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NEUTRAL IMPACT
HSBC upgraded Moderna from Reduce to Hold with a price target of $82. Shares fell 3.3% to $78.98.
The upgrade to Hold suggests a neutral outlook, which may stabilize the stock price despite the recent decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird upgraded AeroVironment from Neutral to Outperform, raising the price target to $220. Shares rose 6.1% to $177.76.
The upgrade to Outperform and a significantly higher price target suggest strong growth potential, likely driving further stock price increases.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
B of A Securities upgraded Concentrix from Underperform to Neutral, increasing the price target to $85. Shares rose 0.9% to $72.34.
The upgrade to Neutral and a higher price target indicate improved sentiment, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Citigroup upgraded Delek Logistics Partners from Neutral to Buy, raising the price target to $45. Shares fell 0.4% to $38.83.
The upgrade from Neutral to Buy by Citigroup and a raised price target suggests a positive outlook, likely boosting investor confidence and potentially increasing the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank upgraded ArcelorMittal from Hold to Buy, raising the price target to $31. Shares gained 0.3% to $23.47.
The upgrade to Buy and increased price target indicate a positive outlook, likely encouraging buying activity and supporting a rise in stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80