This Advance Auto Parts Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Several Wall Street analysts have upgraded their ratings for key companies, including SM Energy, TechTarget, Duke Energy, Advance Auto Parts, and Bausch + Lomb. These upgrades have led to varying impacts on the stock prices of these companies.
October 15, 2024 | 1:04 pm
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POSITIVE IMPACT
Wedbush upgraded Advance Auto Parts from Neutral to Outperform. The stock rose 5.2% to $39.47.
The upgrade to Outperform indicates a strong positive outlook, resulting in a significant stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Evercore ISI upgraded Bausch + Lomb from In-Line to Outperform and increased the price target from $19 to $25. The stock rose 7.2% to $20.87.
The upgrade to Outperform and significant increase in price target suggest a very positive outlook, leading to a strong stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Mizuho upgraded Duke Energy from Neutral to Outperform and raised the price target from $116 to $121. The stock gained 0.8% to $115.09.
The upgrade to Outperform and increased price target suggest a strong positive outlook, leading to a modest stock price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TD Cowen upgraded SM Energy from Hold to Buy, but lowered the price target from $64 to $60. The stock fell 2% to $44.62.
The upgrade to Buy suggests a positive outlook, but the lowered price target indicates some caution. The stock's recent decline may present a buying opportunity.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Craig-Hallum upgraded TechTarget from Hold to Buy and increased the price target from $34 to $36. The stock rose 4.8% to $25.16.
The upgrade and increased price target indicate a positive outlook, reflected in the stock's price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80