This Snap 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 Snap Inc., BXP, Inc., Alcoa Corporation, A. O. Smith Corporation, and Quest Diagnostics Incorporated. These upgrades reflect a positive outlook on these stocks.
October 23, 2024 | 1:05 pm
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POSITIVE IMPACT
Argus Research upgraded Alcoa Corporation from Hold to Buy. Alcoa shares closed at $42.02.
The upgrade from Hold to Buy suggests increased confidence in Alcoa's future performance, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler upgraded BXP, Inc. from Neutral to Overweight, raising the price target from $78 to $105. BXP shares closed at $86.82.
The upgrade from Neutral to Overweight and a significant price target increase suggests a strong positive outlook, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird upgraded Quest Diagnostics from Neutral to Outperform, raising the price target from $157 to $182. Quest Diagnostics shares closed at $157.47.
The upgrade to Outperform and a significant price target increase indicates a strong positive outlook, likely boosting investor confidence and short-term stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JMP Securities upgraded Snap Inc. from Market Perform to Market Outperform with a $17 price target. Snap shares closed at $9.98.
The upgrade to Market Outperform and a price target significantly above the current price indicates a bullish sentiment, likely leading to a positive short-term impact on Snap's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
UBS upgraded A. O. Smith Corporation from Sell to Neutral, raising the price target from $75 to $80. A.O. Smith shares closed at $78.21.
The upgrade from Sell to Neutral and a slight increase in the price target suggests a more stable outlook, likely resulting in a neutral short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100