This PG&E Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday
Portfolio Pulse from Avi Kapoor
Several Wall Street analysts initiated coverage on various stocks with new ratings and price targets. Notably, Jefferies analyst Julien Dumoulin-Smith gave PG&E Corporation a Buy rating with a $24 price target, while other analysts provided ratings for NETSTREIT Corp., Element Solutions Inc, The Timken Company, and Shoals Technologies Group.
October 14, 2024 | 1:48 pm
News sentiment analysis
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POSITIVE IMPACT
Seaport Global analyst initiated coverage on Element Solutions with a Buy rating and a $33 price target, suggesting potential upside from the current price of $25.98.
The Buy rating and $33 price target from Seaport Global indicate a positive outlook for Element Solutions, likely leading to increased investor interest and a short-term price rise.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
UBS analyst initiated coverage on NETSTREIT with a Buy rating and a $19 price target, indicating potential growth from the current price of $15.70.
The Buy rating and $19 price target from UBS suggest a positive outlook for NETSTREIT, which could attract investors and lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Jefferies analyst initiated coverage on PG&E with a Buy rating and a $24 price target, suggesting potential upside from the current price of $19.63.
The Buy rating and price target of $24 from Jefferies suggest a positive outlook and potential upside for PG&E, which could lead to increased investor interest and a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo analyst initiated coverage on Shoals Technologies with an Equal-Weight rating and a $46 price target, suggesting a balanced outlook from the current price of $5.31.
The Equal-Weight rating and $46 price target from Wells Fargo suggest a balanced outlook for Shoals Technologies, likely resulting in a neutral impact on the stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Citigroup analyst initiated coverage on The Timken Company with a Neutral rating and a $90 price target, indicating limited short-term upside from the current price of $84.04.
The Neutral rating and $90 price target from Citigroup suggest limited short-term upside for The Timken Company, likely resulting in a neutral impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100