This Accenture Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have upgraded their ratings for major companies, including Accenture, Hess Corporation, U.S. Bancorp, Frontier Group Holdings, and Amerant Bancorp. These upgrades reflect positive outlooks and increased price targets for these stocks.
September 30, 2024 | 1:31 pm
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NEUTRAL IMPACT
Raymond James upgraded Frontier Group Holdings to Market Perform. Shares fell slightly by 0.2%.
The upgrade to Market Perform suggests a neutral outlook, with the slight share price decrease indicating limited immediate impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TD Cowen upgraded Accenture from Hold to Buy, raising the price target from $321 to $400. Despite a recent 1.7% drop, this upgrade suggests a positive outlook.
The upgrade from Hold to Buy and a significant increase in the price target indicate strong confidence in Accenture's future performance, likely boosting investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler upgraded Amerant Bancorp to Overweight, with a slight increase in the price target to $26.5. Shares rose 0.2%.
The upgrade to Overweight and a marginally higher price target suggest a positive outlook, reflected in the slight share price increase.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wolfe Research upgraded Hess Corporation to Outperform with a $150 price target. Shares rose 2.3% following the upgrade.
The upgrade to Outperform and a new price target suggest a strong positive outlook, which has already led to a share price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley upgraded U.S. Bancorp to Overweight, raising the price target to $57. Shares saw a slight increase of 0.4%.
The upgrade to Overweight and a higher price target indicate a positive outlook, though the immediate market reaction was modest.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100