This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have upgraded their ratings for several companies, including Cisco Systems, W.W. Grainger, Westlake Corporation, SAP SE, and Wave Life Sciences. These upgrades reflect increased confidence in the companies' future performance.
October 16, 2024 | 6:43 pm
News sentiment analysis
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NEUTRAL IMPACT
B of A Securities upgraded Westlake Corporation from Underperform to Neutral, with a price target increase from $151 to $159.
The upgrade from Underperform to Neutral suggests a more balanced outlook, with a moderate price target increase, likely resulting in a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Citigroup upgraded Cisco Systems from Neutral to Buy, raising the price target from $52 to $62, indicating increased confidence in the company's future performance.
The upgrade from Neutral to Buy by Citigroup and the increase in price target suggest a positive outlook for Cisco, likely leading to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Baird upgraded W.W. Grainger from Neutral to Outperform, raising the price target from $975 to $1,230, reflecting a strong positive outlook.
The upgrade to Outperform and significant increase in price target by Baird indicate a strong positive sentiment, likely boosting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Cleveland Research upgraded SAP SE from Neutral to Buy, indicating a positive outlook for the company's future performance.
The upgrade to Buy by Cleveland Research reflects increased confidence in SAP's performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Raymond James upgraded Wave Life Sciences from Outperform to Strong Buy, raising the price target from $13 to $22, indicating strong confidence in the company's potential.
The upgrade to Strong Buy and significant increase in price target by Raymond James suggest a very positive outlook, likely boosting the stock price significantly in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100