This Bank of America Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including NetApp, Bank of America, Southwest Airlines, Wells Fargo, and International Flavors & Fragrances. These upgrades are accompanied by increased price targets, indicating a positive outlook for these stocks.
September 03, 2024 | 11:50 am
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POSITIVE IMPACT
Deutsche Bank upgraded Bank of America from Hold to Buy with a price target of $45. Shares rose 1.4% to $40.75.
The upgrade to Buy and a new price target of $45 indicate a positive outlook for Bank of America, likely leading to increased investor interest and potential short-term price gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mizuho upgraded International Flavors & Fragrances from Neutral to Outperform, raising the price target from $109 to $120. Shares rose 1% to $103.99.
The upgrade to Outperform and a higher price target suggest a positive outlook for International Flavors & Fragrances, likely attracting investor interest and supporting short-term price increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Evercore ISI upgraded Southwest Airlines from In-Line to Outperform, increasing the price target from $30 to $35. Shares rose 0.6% to $28.92.
The upgrade to Outperform and a higher price target suggest a favorable outlook for Southwest Airlines, likely attracting investor interest and supporting short-term price increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Loop Capital upgraded NetApp from Hold to Buy, raising the price target from $121 to $150. Shares closed at $120.72, up 1.3%.
The upgrade from Hold to Buy and the significant increase in the price target suggest a strong positive outlook for NetApp, likely boosting investor confidence and driving short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Deutsche Bank upgraded Wells Fargo from Hold to Buy with a price target of $65. Shares gained 2% to $58.47.
The upgrade to Buy and a new price target of $65 indicate a strong positive outlook for Wells Fargo, likely boosting investor confidence and driving short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80