© Reuters. Today’s most important upgrades
By Davit Kirakosyan
Jefferies upgraded Netflix (NASDAQ:) to Buy from Hold and raised its price target to $385.00 from $310.00 despite cutting 2023 EPS estimates by 9%. The firm believes that new initiatives, namely AVOD (advertising-based video on demand) and password-sharing changes, will drive top-line outperformance, however, noting that these are not likely to happen in the near term.
Raymond James upgraded Oak Street Health Inc (NYSE:) to Outperform from Market Perform with a price target of $35.00 following reports that CVS is exploring a potential takeout of the company for a $10 billion enterprise value, which equates to approximately $40/share.
RBC Capital upgraded Wix.com (NASDAQ:) to Outperform from Sector Perform and raised its price target to $100.00 from $80.00. Shares gained more than 4% intra-day today.
Exane BNP Paribas upgraded Tractor Supply Company (NASDAQ:) to Outperform from Neutral.
BofA Securities upgraded Vodafone (NASDAQ:) to Buy from Neutral. Shares were trading more than 5% higher intra-day today.
Deutsche Bank analysts upgraded American Tower (NYSE:) to Buy from Hold and raised its price target to $254.00 from $240.00.
Want to get this news first? Upgrade to InvestingPro for real-time market coverage.
Be the first to comment