This Walmart Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts initiated coverage on several companies, including Insperity, Hershey, Plexus, Walmart, and Cadence Design Systems. Notable ratings include an Underweight for Insperity, a Sell for Hershey, and Outperform ratings for Walmart and Cadence Design.
October 22, 2024 | 12:44 pm
News sentiment analysis
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POSITIVE IMPACT
Mizuho initiated coverage on Cadence Design Systems with an Outperform rating and a price target of $325, indicating potential upside from the current price of $253.15.
The Outperform rating and price target significantly above the current price suggest a positive outlook, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Bernstein initiated coverage on Walmart with an Outperform rating and a price target of $95, suggesting potential upside from the current price of $80.81.
The Outperform rating and price target above the current price suggest a positive outlook, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Keybanc initiated coverage on Plexus with a Sector Weight rating, indicating a neutral outlook.
The Sector Weight rating suggests a neutral outlook, indicating no significant short-term price movement is expected.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Redburn Atlantic initiated coverage on Hershey with a Sell rating and a price target of $165, indicating potential downside from the current price of $184.67.
The Sell rating and price target significantly below the current price suggest a negative outlook, likely leading to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
JP Morgan initiated coverage on Insperity with an Underweight rating and a price target of $90, suggesting potential downside from the current price of $86.99.
The Underweight rating and price target below the current price suggest a negative outlook, likely leading to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100