GE Vernova (GEV) shares are experiencing a surge after BofA Securities analyst Andrew Obin upgraded the stock to Buy and raised its price target. Obin highlights the potential of Gas Power Services, a segment he believes investors are undervaluing, and expects strong growth in the coming quarters. He cites the increasing utilization of gas turbines and anticipates GEV to exceed expectations.
Shares of Hewlett Packard Enterprise (HPE) surged on Tuesday after Bank of America Securities upgraded the company’s rating to Buy, citing cost cuts, Juniper-related synergies, and AI opportunities. Analyst Wamsi Mohan highlighted the company’s strategic shift towards networking, driven by the Juniper acquisition, and its potential to capitalize on AI advancements in the sector.
Medical Properties Trust (MPW) stock received an upgrade to Buy from Colliers Securities with a $6.5 price target. Truist Securities maintained a Hold rating but raised its price target to $6. The upgrade follows a global settlement with tenant Steward Health Care System, secured lenders, and unsecured creditors. The settlement covers 23 hospitals, with 15 already leased to new tenants. Despite anticipated earnings dilution, analysts remain optimistic about the long-term prospects of MPW.
BofA Securities has upgraded Johnson Controls International (JCI) to a Buy rating, citing the company’s growing data center business and the anticipated announcement of a new CEO. The analyst believes these factors will drive stock growth.
Independent Bank Corp. (INDB) has been upgraded to a Zacks Rank #1 (Strong Buy) due to a positive trend in earnings estimates. This rating system, which leverages the power of earnings estimate revisions, has a proven track record of identifying stocks with potential for strong returns. The recent upgrade for INDB reflects an improving business outlook and could translate into higher stock prices.
Barclays analyst Benjamin Budish upgraded Coinbase Global, Inc. (COIN) from Underweight to Equal-Weight, citing a more favorable regulatory environment and improved profit profile. Despite recent share price declines, Budish sees a more balanced risk/reward profile due to increased diversification and strong industry leadership in the U.S.
CTO Realty has been upgraded to a Zacks Rank #2 (Buy) due to positive trends in earnings estimates. This upgrade signifies a strong earnings outlook, which could drive the stock price higher. The Zacks Rank system uses earnings estimate revisions as a key factor in its stock ratings, making it a valuable tool for investors seeking to identify companies with strong growth potential.
Nasdaq Inc (NDAQ) stock surged after Bank of America Securities analyst Craig Siegenthaler upgraded the stock to a Buy rating and raised its price target to $90. Siegenthaler believes Nasdaq is poised for growth driven by an expected rebound in initial public offerings (IPOs) and the company’s strong solutions and fintech segments.
Hero MotoCorp shares saw a significant boost on Thursday after Emkay Global Financial Services upgraded the stock’s rating to ‘Buy’ from ‘Reduce’ and raised its target price from 4,800 to 5,100. The brokerage believes Hero MotoCorp shares are currently undervalued compared to its peers and remain attractively priced.
In a recent report, CFRA has upgraded Infosys’ stock from Hold to Buy, citing increased confidence in the company’s future performance. The valuation target has been raised to 25 times FY 25 EPS, exceeding the 5-year mean P/E ratio. Despite trimming FY 25 EPS, CFRA has initiated FY 26 EPS at US$0.88. Infosys’ FY 24 results met expectations, with EPS growth of 6% and revenue growth of 2%. The achievement of US$17.7 billion in large deal wins in FY 24 is also noteworthy, as is the company’s adoption of generative AI, which has the potential to enhance revenue and improve margins. Analysts remain bullish on Infosys, estimating an average upside of INR 1,595. Investors can utilize InvestingPro’s fair value feature and financial health score to assess the stock’s potential.
