Wall Street analysts have been busy revising their outlooks on several companies, upgrading ratings and price targets. This wave of positive sentiment reflects potential growth and value in these businesses.
Wolfe Research analyst Nigel Coe upgraded Eaton Corporation plc (ETN) from Underperform to Peer Perform. Eaton shares closed at $285.72 on Thursday after falling 1.1%.
Deutsche Bank analyst Nicole Deblase boosted Hubbell Incorporated (HUBB) from Hold to Buy, raising the price target from $431 to $441. Hubbell shares closed at $370.42 on Thursday, down 1.2%.
JP Morgan analyst Nick Lai upgraded NIO Inc. (NIO) from Neutral to Overweight, increasing the price target from $5.3 to $8. NIO shares surged by 14.4% to close at $4.85 on Thursday.
Piper Sandler analyst Charles Duncan upgraded Intra-Cellular Therapies, Inc. (ITCI) from Neutral to Overweight, boosting the price target from $68 to $92. Intra-Cellular Therapies shares closed at $72.42 on Thursday, down 0.3%.
Barclays analyst Benjamin Budish upgraded Robinhood Markets, Inc. (HOOD) from Underweight to Equal-Weight, raising the price target from $18 to $20. Robinhood shares gained 2.9% to close at $19.67 on Thursday.
These analyst upgrades are noteworthy indicators of potential growth and value in these companies, and may provide insights for investors considering these stocks.
