J.P. Morgan upgraded Amazon.com to ‘overweight’ rating as the stock’s earnings results for Q2 2023 beat estimates. AMZN had a mean recommendation rating of 1.7 and a consensus mean price target of US$165.36 as on August 4, 2023.
Corsair received a rating upgrade form Wedblush as the broker believes that it is well positioned as compared to its peers to return to profitability in near-term. Corsair has a mean recommendation rating of 2.3 and a mean consensus price target of US$1
First Solar and Coursera received rating upgrades form analysts following the release of their financial results for the June 2023 quarter. First Solar has a mean recommendation rating of 2 and Coursera has a mean recommendation rating of 2.1 on a scale o
Morgan Stanley upgraded WW International to ‘outperform’ rating, leading to a price surge of 7.35% to US$10.66 premarket. WW had a mean recommendation rating of 2.7. The stock has surpassed its mean recommendation rating of US$9.7.
Raymond James upgraded Becton Dickinson to ‘outperform’ rating as the stock hit its highest ever share price in early trade on Monday. BDX had a mean recommendation rating of 2 and a consensus mean price target of US$293.21 as on July 24, 2023.
D.A. Davidson upgraded Harley-Davidson to ‘buy’ rating and raised its price target on the stock from US$38 to US$47. HOG had a mean recommendation rating of 2.1 and a consensus mean price target of US$45 as on July 21, 2023.
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.
Goldman Sachs upgraded Yelp Inc. to ‘buy’ rating as it believes that Yelp is set to benefit from a potential increase in advertising trends. Yelp has a mean recommendation rating of 3.1 and a consensus mean price target of US$35.75.
Plug Power saw a price uptick of around 10% on July 13, 2023, as it secured a 100-megawatt electrolyzer deal for a project in Europe. Northland Securities upgraded the stock to an ‘outperform’ rating a day after the deal was announced.
US inflation data suggests that the rate at which prices are increasing is slowing down. Marathon Oil saw a price uptick of 1.89% on July 12, 2023, following the CPI data release. The S&P 500 energy index also rose 1.1% on July 12, 2023.