© Reuters. Today’s most important upgrades
By Davit Kirakosyan
Truist Securities upgraded MGM Resorts (NYSE:) to Buy from Hold and raised its price target to $50.00 from $40.00, expecting to see relative outperformance in 2023 on the Strip’s strong event calendar and returning midweek business travel, with potential upside catalysts in BetMGM, Macau, Japan and downstate NY.
Daiwa Securities upgraded CrowdStrike Holdings (NASDAQ:) to Buy from Outperform with a price target of $181.00 (from $193.00) despite the company’s announcement last week, when it forecasted significantly less revenue than expected. Shares fell more than 5% intra-day today.
Scotiabank upgraded Ritchie Bros (NYSE:) to Sector Outperform from Sector Perform and raised its price target to $65.00 from $59.00.
Morgan Stanley upgraded United Airlines Holdings Inc (NASDAQ:) to Overweight from Equalweight with a price target of $67.00. Shares were up more than 2% intra-day today.
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