This Salesforce Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Salesforce, Home Depot, M&T Bank, Par Pacific Holdings, and CVB Financial. These upgrades reflect positive outlooks and revised price targets, potentially impacting stock prices.
October 02, 2024 | 2:14 pm
News sentiment analysis
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POSITIVE IMPACT
Northland Capital Markets upgraded Salesforce to Outperform with a price target increase from $270 to $400. Shares fell 1% to $270.87.
Despite a recent share price drop, the upgrade and significant price target increase indicate a strong positive outlook, likely to positively impact the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Keefe, Bruyette & Woods upgraded CVB Financial to Outperform with a price target increase from $20 to $22. Shares fell 2.4% to $17.39.
The upgrade and increased price target suggest a positive outlook, which may help reverse the recent share price decline and lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Gordon Haskett upgraded Home Depot to Buy with a $450 price target. Shares rose 1% to $409.05.
The upgrade to Buy and a significant price target increase suggest a positive outlook, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Evercore ISI upgraded M&T Bank to Outperform with a price target increase from $187 to $210. Shares fell 3% to $172.72.
The upgrade and increased price target suggest a positive outlook, which may counteract the recent share price decline and lead to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
JP Morgan upgraded Par Pacific to Overweight but reduced the price target from $36 to $30. Shares fell 0.4% to $17.53.
The upgrade to Overweight is positive, but the reduced price target may limit the short-term upside potential, resulting in a neutral impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70