Wall Street analysts have been making some significant changes to their outlook on several prominent companies. Here’s a rundown of the most notable upgrades:
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Roku, Inc. (ROKU):
Wells Fargo analyst Steven Cahall upgraded the rating for Roku from Underweight to Equal-Weight and raised the price target from $50 to $72. This upgrade reflects growing optimism about Roku’s ability to navigate the evolving streaming landscape.*
Nordstrom, Inc. (JWN):
Barclays analyst Paul Kearney upgraded Nordstrom from Underweight to Equal-Weight, boosting the price target from $18 to $23. This upgrade suggests that the analyst believes Nordstrom is poised for growth in the coming months.*
Beazer Homes USA, Inc. (BZH):
Wedbush analyst Jay McCanless upgraded Beazer Homes from Neutral to Outperform, raising the price target from $41 to $45. This upgrade signifies a bullish outlook on the homebuilding industry and Beazer Homes’ position within it.*
Yext, Inc. (YEXT):
Needham analyst Ryan MacDonald upgraded Yext from Hold to Buy, setting a price target of $8. This upgrade suggests that Yext is well-positioned to capitalize on the increasing demand for digital marketing solutions.*
Comerica Incorporated (CMA):
Keefe, Bruyette & Woods analyst Christopher Mcgratty upgraded Comerica from Market Perform to Outperform, increasing the price target from $50 to $69. This upgrade reflects confidence in Comerica’s ability to deliver strong financial performance.These analyst upgrades offer insights into the current sentiment surrounding these companies and their potential for future growth. However, it’s important to remember that analyst ratings are just one factor to consider when making investment decisions. Always conduct thorough research and consult with a financial advisor before making any investment choices.
