This Nordstrom Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Roku, Nordstrom, Beazer Homes, Yext, and Comerica. These upgrades reflect a more positive outlook on these stocks, with increased price targets.
September 05, 2024 | 1:42 pm
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POSITIVE IMPACT
Wedbush upgraded Beazer Homes from Neutral to Outperform, increasing the price target from $41 to $45. Shares fell 0.1% to $29.83.
The upgrade to Outperform and higher price target suggest a positive outlook for Beazer Homes, likely leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Keefe, Bruyette & Woods upgraded Comerica from Market Perform to Outperform, raising the price target from $50 to $69. Shares fell 1.8% to $54.83.
The upgrade to Outperform and increased price target suggest a positive outlook for Comerica, which could lead to a short-term price increase despite the recent drop.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Barclays upgraded Nordstrom from Underweight to Equal-Weight, boosting the price target from $18 to $23. Nordstrom shares fell 0.2% to $22.78.
The upgrade and increased price target indicate a more favorable view of Nordstrom, which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo upgraded Roku from Underweight to Equal-Weight, raising the price target from $50 to $72. Despite the upgrade, Roku shares fell 2.6% to $63.55.
The upgrade and increased price target suggest a more positive outlook for Roku, which could lead to a short-term price increase despite the recent drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham upgraded Yext from Hold to Buy, setting a price target of $8. Yext shares gained 2.3% to close at $4.92.
The upgrade to Buy and the positive price movement suggest a strong short-term outlook for Yext, likely leading to further price increases.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100