This GE Vernova Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts initiated coverage on several companies, including GE Vernova, Arm Holdings, Nature's Sunshine Products, NuScale Power, and Public Service Enterprise Group. GE Vernova and Nature's Sunshine saw share price increases, while Arm Holdings and NuScale Power experienced declines.
September 13, 2024 | 1:05 pm
News sentiment analysis
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POSITIVE IMPACT
Raymond James initiated coverage on Arm Holdings with an Outperform rating and a $160 price target. Shares fell 0.8% to $139.18.
Despite the share price drop, the Outperform rating and higher price target indicate potential for future gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
BMO Capital initiated coverage on GE Vernova with an Outperform rating and a $245 price target. Shares rose 2.9% to $215.27.
The Outperform rating and a price target significantly above the current price suggest positive sentiment, likely driving the share price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canaccord Genuity initiated coverage on Nature's Sunshine Products with a Buy rating and an $18 price target. Shares rose 1.2% to $13.25.
The Buy rating and price target above the current price suggest positive outlook, supporting the share price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CLSA initiated coverage on NuScale Power with an Outperform rating and an $11 price target. Shares fell 1.3% to $8.63.
Despite the share price drop, the Outperform rating and higher price target suggest potential for future gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Jefferies initiated coverage on Public Service Enterprise Group with a Hold rating and an $85 price target. Shares rose 1.4% to $83.31.
The Hold rating suggests a neutral outlook, with the price target close to the current price, indicating limited short-term movement.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100