Wall Street Analysts Issue New Ratings on Top Stocks: Crocs, Shift4 Payments, ArcBest, Hewlett Packard, and Chewy

Wall Street analysts are making their moves, issuing fresh ratings on a handful of high-profile companies. These ratings provide valuable insights into the analysts’ outlook on these companies’ future performance and can influence investor decisions.

Guggenheim analyst Robert Drbul kicked things off by initiating coverage on

Crocs, Inc. (CROX)

with a

Buy rating

and a price target of $182. This bullish outlook comes despite Crocs shares falling 0.7% to close at $135.61 on Tuesday.

Meanwhile, Barclays analyst John Coffey initiated coverage on

Shift4 Payments, Inc. (FOUR)

with an

Overweight rating

and a price target of $120. This optimistic view seems to have resonated with investors, as Shift4 Payments shares gained 1.3% to close at $91.94 on Tuesday.

Citigroup analyst Ariel Rosa initiated coverage on

ArcBest Corporation (ARCB)

with a

Neutral rating

and a price target of $111. This more cautious outlook still resulted in ArcBest shares gaining 1.6% to close at $102.68 on Tuesday.

Deutsche Bank analyst Matt Niknam initiated coverage on

Hewlett Packard Enterprise Company (HPE)

with a

Hold rating

and a price target of $22. While this rating suggests a more conservative stance, Hewlett Packard shares still managed to gain 0.5% to close at $20.97 on Tuesday.

Finally, TD Cowen analyst Bill Kerr initiated coverage on

Chewy, Inc. (CHWY)

with a

Buy rating

and a price target of $38. This positive outlook comes as Chewy shares closed at $29.52 on Tuesday.

These analyst ratings provide a snapshot of Wall Street’s current sentiment toward these companies. Investors can use this information to inform their own investment decisions, but it’s crucial to remember that these ratings are just one factor to consider. Always conduct thorough research and consult with a financial advisor before making any investment decisions.