This Johnson Controls International 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 Oracle, Johnson Controls, Equity Residential, Delek US Holdings, and Relay Therapeutics. These upgrades reflect positive outlooks and increased price targets for these stocks.
September 10, 2024 | 2:03 pm
News sentiment analysis
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NEUTRAL IMPACT
JP Morgan upgraded Delek US Holdings from Underweight to Neutral, raising the price target from $23 to $26. Shares fell 3.9% to $18.75.
The upgrade to Neutral and increased price target may stabilize the stock, but the recent price drop suggests mixed short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Deutsche Bank upgraded Equity Residential from Hold to Buy, with a price target increase from $62 to $83. Shares rose 1% to $75.10.
The upgrade to Buy and significant price target increase suggest a positive outlook, likely boosting short-term stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities upgraded Johnson Controls from Neutral to Buy, raising the price target from $76 to $80. Shares gained 1.1% to $68.60.
The upgrade to Buy and increased price target indicate a strong positive sentiment, likely leading to further short-term gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
JMP Securities upgraded Oracle from Market Perform to Market Outperform with a price target of $175. Despite the upgrade, Oracle shares fell 1.4% to $139.89.
The upgrade to Market Outperform and a higher price target suggest a positive outlook for Oracle, which could lead to a short-term price increase despite the recent decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jefferies upgraded Relay Therapeutics from Hold to Buy, increasing the price target from $10.6 to $16. Shares surged 52.4% to $9.51.
The upgrade to Buy and significant price target increase, along with a massive share price surge, indicate strong positive sentiment and likely continued short-term gains.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90