Wall Street analysts have been busy evaluating various companies, issuing new ratings and price targets. Here’s a rundown of the latest changes for some prominent names:
AutoNation, Inc. (AN)
Jeff Lick, an analyst at Stephens & Co., initiated coverage of AutoNation with an
Overweight
rating and a price target of $210. This bullish outlook comes despite AutoNation shares closing down slightly at $158.67 on Wednesday.Rocket Lab USA, Inc. (RKLB)
Trevor Walsh from JMP Securities has initiated coverage of Rocket Lab with a
Market Perform
rating. The stock, however, ended the day up 8.6% at $6.68.Sprouts Farmers Market, Inc. (SFM)
RBC Capital analyst Steven Shemesh initiated coverage of Sprouts Farmers Market with a
Sector Perform
rating and a price target of $107. The shares closed down 0.8% at $100.70 on Wednesday.Inozyme Pharma, Inc. (INZY)
Stifel analyst Dae Gon Ha initiated coverage of Inozyme Pharma with a
Buy
rating and a price target of $16. While the company saw a slight decline of 1%, closing at $5.21, the buy rating signals a positive outlook for its future performance.Group 1 Automotive, Inc. (GPI)
Stephens & Co. analyst Jeff Lick, again, initiated coverage of Group 1 Automotive with an
Equal-Weight
rating and a price target of $394. The stock closed down 2% at $340.14.These ratings provide investors with valuable insights into the current market sentiment towards these companies. It is important to note that analyst ratings are just one factor to consider when making investment decisions. Always do your own research and consult with a financial advisor before investing.
