This Nasdaq Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Nasdaq, Inc., nVent Electric, Boyd Gaming Corporation, Sweetgreen, Inc., and Astera Labs, Inc. These upgrades have led to positive movements in their stock prices.
September 04, 2024 | 2:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Morgan Stanley upgraded Astera Labs, Inc. from Equal-Weight to Overweight, maintaining a price target of $55, resulting in a 2.9% increase in its stock price.
The upgrade to Overweight with a maintained price target indicates a positive outlook for Astera Labs, likely leading to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley upgraded Boyd Gaming Corporation from Equal-Weight to Overweight, increasing the price target from $66 to $74, causing a 2.8% rise in its stock price.
The upgrade to Overweight and an increased price target indicates a positive outlook for Boyd Gaming, likely resulting in a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
B of A Securities upgraded Nasdaq, Inc. from Underperform to Buy, raising the price target from $53 to $90. This led to a 2.9% increase in Nasdaq's stock price.
The upgrade from Underperform to Buy and a significant increase in the price target from $53 to $90 by a reputable analyst is likely to boost investor confidence, leading to a positive short-term impact on Nasdaq's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Keybanc upgraded nVent Electric from Sector Weight to Overweight with a price target of $80, resulting in a 0.7% increase in its stock price.
The upgrade to Overweight and a new price target of $80 suggests positive expectations for nVent Electric, likely leading to a modest short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TD Cowen upgraded Sweetgreen, Inc. from Hold to Buy, raising the price target from $31 to $43, leading to a 5.7% increase in its stock price.
The upgrade to Buy and a significant increase in the price target suggests strong growth potential for Sweetgreen, likely driving a short-term rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80