© Reuters Today’s Most Important Upgrades
By Davit Kirakosyan
UBS upgraded Domino’s Pizza (NYSE:) to Buy from Neutral and lowered its price target to $385.00 from $430.00. Shares were trading more than 4% higher intra-day. The analysts mentioned several factors behind the upgrade, including (1) their belief that demand weakness concerns are overblown, (2) catalysts exist to accelerate U.S. sales trends, (3) the company’s compelling long-term growth profile should remain largely intact, and (4) risk/reward is attractive.
Gilead Sciences (NASDAQ:) shares gained more than 4% intra-day today after JPMorgan upgraded the company to Overweight from Neutral and raised its price target to $80 from $72. According to the analysts, the company’s story is “becoming less controversial” amid the increased visibility of its HIV franchise, which is expected to grow low single-digit CAGR through the early 2030s.
Credit Suisse upgraded CommScope Holding (NASDAQ:) to Outperform from Neutral and raised its price target to $17.00 from $11.00. Shares were up 14% intra-day today.
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