This Ferrari Analyst Turns Bullish; Here Are Top Upgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for Kinder Morgan, Ferrari, and Affirm Holdings, leading to positive stock movements. B of A Securities upgraded Kinder Morgan to Buy, JP Morgan upgraded Ferrari to Overweight, and Wells Fargo upgraded Affirm Holdings to Overweight.
October 11, 2024 | 6:49 pm
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POSITIVE IMPACT
Wells Fargo upgraded Affirm Holdings from Equal-Weight to Overweight, raising the price target to $52. The stock gained 5.3% to close at $44.23.
The upgrade to Overweight and a higher price target reflect increased optimism about Affirm's future performance, leading to a significant stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
B of A Securities upgraded Kinder Morgan from Neutral to Buy, raising the price target to $27. The stock gained 1% to close at $23.72.
The upgrade from Neutral to Buy by a major analyst and an increased price target suggests positive sentiment and potential for stock appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JP Morgan upgraded Ferrari from Neutral to Overweight, raising the price target to $525. The stock rose 2.6% to close at $465.00.
The upgrade to Overweight and a significant increase in the price target indicate strong confidence in Ferrari's growth prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80