This Robinhood Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Eaton Corporation, Hubbell Incorporated, NIO Inc., Intra-Cellular Therapies, and Robinhood Markets. These upgrades could influence short-term stock movements.
September 06, 2024 | 12:59 pm
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POSITIVE IMPACT
Wolfe Research upgraded Eaton Corporation from Underperform to Peer Perform. The stock fell 1.1% on Thursday.
The upgrade from Underperform to Peer Perform by Wolfe Research suggests a more positive outlook, which could lead to a short-term price increase despite the recent decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Barclays upgraded Robinhood from Underweight to Equal-Weight, raising the price target to $20. The stock gained 2.9% on Thursday.
The upgrade to Equal-Weight and increased price target by Barclays, along with a price gain, indicates a more balanced outlook, likely supporting further gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Deutsche Bank upgraded Hubbell from Hold to Buy, raising the price target to $441. The stock fell 1.2% on Thursday.
The upgrade to Buy and increased price target by Deutsche Bank indicates a strong positive outlook, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Piper Sandler upgraded Intra-Cellular Therapies from Neutral to Overweight, boosting the price target to $92. The stock declined 0.3% on Thursday.
The upgrade to Overweight and increased price target by Piper Sandler suggests a positive outlook, potentially reversing the slight decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan upgraded NIO from Neutral to Overweight, raising the price target to $8. The stock gained 14.4% on Thursday.
The upgrade to Overweight and increased price target by JP Morgan, along with a significant price gain, suggests continued positive momentum.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90