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Shares of biotechnology firmMirati Therapeutics Inc. (NASDAQ: MRTX)surged 30% on Wednesday as it released Q2 financial results and structural updates. The oncology company also announced its CEO Charles Baum’s departure from the position.
On August 3, 2023, Amazon announced its earnings for the second quarter of 2023, showcasing an 11% jump in its net sales during the quarter to US$134.4 billion. Meanwhile, the company’s operating income increased to US$7.7 billion in Q2 2023, as compared to US$3.3 …
Computer component sellerCorsair Gaming (NASDAQ: CRSR)received a rating upgrade from Wedblush Securities ahead of its earnings release. The brokerage had previously given Corsair a ‘neutral’ rating and had maintained a price target of US$17.5, which was raised to US$21.
As companies report their financial results during this earnings season, analysts have revised their ratings on stocks based on these results. First Solar and Coursera are two such companies that have received rating upgrades from brokers.
Broker Morgan Stanley recently upgradedWW InternationalInc.(NASDAQ: WW)to ‘overweight’ from its previous ‘equal weight’ rating on the stock. The rating upgrade has led to a 7.35% jump in WW’s share price to US$10.66 premarket.
Becton Dickinson and Company (NYSE: BDX)received a rating upgrade from Raymond James, after its share price surged 6.9% to US$283.12 on July 24, 2023. During early trade on Monday, Becton Dickinson’s share price reached a record high of US$287.32.
Harley-Davidson (NYSE: HOG)received a rating upgrade from brokers ahead of the company’s earnings release, resulting in an upward revision in its stock price on Friday. HOG saw an increase of 4.8% in its price as D.A. Davidson renewed its rating on the stock.
Bluebird bio (NASDAQ: BLUE)received a rating upgrade from BofA Securities, leading to an uptick in the biotech company’s shares. BLUE shares recorded a 19.8% rise following BofA’s release of a rating upgrade.
Yelp Inc. received a rating upgrade from Goldman Sachs on July 17, 2023, as per EODHD/Others data. The broker promoted YELP from ‘hold’ to ‘buy’ and increased its price target on YELP from US$38 to US$47.
Plug Power, a green hydrogen producer, received a revised rating from Northland Securities. The company focuses on building an end-to-end green hydrogen ecosystem.
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