This Chewy Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their ratings on several companies. Guggenheim initiated coverage on Crocs with a Buy rating, Barclays on Shift4 Payments with an Overweight rating, Citigroup on ArcBest with a Neutral rating, Deutsche Bank on Hewlett Packard Enterprise with a Hold rating, and TD Cowen on Chewy with a Buy rating.
October 09, 2024 | 1:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
TD Cowen initiated coverage on Chewy with a Buy rating and a price target of $38. Shares closed at $29.52.
The Buy rating and price target from TD Cowen suggest a positive outlook, which could lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Guggenheim initiated coverage on Crocs with a Buy rating and a price target of $182. Crocs shares fell 0.7% to $135.61.
The Buy rating and high price target from Guggenheim suggest a positive outlook for Crocs, which could lead to a short-term price increase despite the recent drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Barclays initiated coverage on Shift4 Payments with an Overweight rating and a price target of $120. Shares gained 1.3% to $91.94.
The Overweight rating and price target from Barclays indicate a positive outlook, likely contributing to the recent share price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Citigroup initiated coverage on ArcBest with a Neutral rating and a price target of $111. Shares gained 1.6% to $102.68.
The Neutral rating suggests a balanced outlook, which may not significantly impact the stock price in the short term despite the recent gain.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Deutsche Bank initiated coverage on Hewlett Packard Enterprise with a Hold rating and a price target of $22. Shares gained 0.5% to $20.97.
The Hold rating indicates a neutral stance, suggesting limited short-term price movement despite the slight increase in share price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70