This Abbott Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts initiated coverage on several companies, including Abbott Laboratories, Turning Point Brands, Helix Energy Solutions, Charter Communications, and Northern Oil and Gas. Abbott received an Overweight rating with a $131 price target, while Turning Point Brands was rated Buy with a $50 target. Helix Energy Solutions was given a Strong Buy rating with a $14 target, Charter Communications received a Sector Perform rating with a $345 target, and Northern Oil and Gas was rated Outperform with a $47 target.
September 19, 2024 | 12:42 pm
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POSITIVE IMPACT
Piper Sandler initiated coverage on Abbott Laboratories with an Overweight rating and a $131 price target. Abbott shares fell 2.8% to $114.88.
The Overweight rating and $131 price target suggest a positive outlook for Abbott, which could lead to a short-term price increase despite the recent drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Raymond James initiated coverage on Helix Energy Solutions with a Strong Buy rating and a $14 price target. Shares fell 1.8% to $9.84.
The Strong Buy rating and $14 price target suggest a strong positive outlook, likely leading to a short-term price increase despite the recent decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Mizuho initiated coverage on Northern Oil and Gas with an Outperform rating and a $47 price target. Shares rose 0.3% to $36.17.
The Outperform rating and $47 price target indicate a positive outlook, likely supporting a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Roth MKM initiated coverage on Turning Point Brands with a Buy rating and a $50 price target. Shares gained 0.9% to $39.03.
The Buy rating and $50 price target indicate a positive outlook, likely supporting a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
RBC Capital initiated coverage on Charter Communications with a Sector Perform rating and a $345 price target. Shares gained 0.1% to $339.64.
The Sector Perform rating suggests a neutral outlook, indicating limited short-term price movement despite the slight gain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100