This Wells Fargo 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 CEMEX, Wells Fargo, Cassava Sciences, Affirm Holdings, and UFP Industries. These upgrades reflect a more positive outlook on these stocks.
October 08, 2024 | 1:55 pm
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POSITIVE IMPACT
BTIG upgraded Affirm Holdings to Buy with a $68 price target. Shares closed at $38.60.
The upgrade to Buy and a substantial price target suggest strong growth potential, likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
HC Wainwright upgraded Cassava Sciences to Buy with a $116 price target. Shares fell 6.2% to $25.41.
Despite the upgrade to Buy, the significant drop in share price suggests market skepticism. However, the high price target indicates potential for recovery.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Wedbush upgraded UFP Industries to Outperform and raised the price target to $155. Shares closed at $129.58.
The upgrade to Outperform and increased price target indicate a strong positive outlook, likely to drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Wolfe Research upgraded Wells Fargo to Outperform with a $65 price target. Shares gained 0.4% to $57.16.
The upgrade to Outperform and a higher price target suggest a positive outlook, likely boosting investor confidence and supporting short-term price gains.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
RBC Capital upgraded CEMEX from Underperform to Sector Perform but lowered the price target to $6.5. Shares fell 0.7% to $5.88.
The upgrade from Underperform to Sector Perform suggests a neutral outlook, but the lowered price target indicates limited upside potential. The stock's slight decline reflects this mixed sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80