Several prominent companies have received positive news from Wall Street analysts, with upgrades in ratings and increased price targets. These changes signal a bullish sentiment towards these stocks.
Cisco Systems, Inc. (CSCO):
HSBC analyst Stephen Bersey upgraded the rating for Cisco Systems from Hold to Buy, raising the price target from $46 to $58. The upgrade reflects a positive outlook for Cisco’s future performance. Cisco shares gained 6.8% on Thursday, closing at $48.53.
NIKE, Inc. (NKE):
Williams Trading analyst Sam Poser upgraded Nike’s rating from Sell to Buy and boosted the price target from $67 to $93. This significant upgrade indicates a change in sentiment towards the sportswear giant. Nike shares closed at $82.50 on Thursday, up 5.1%.
Teradyne, Inc. (TER):
Cantor Fitzgerald analyst C J Muse upgraded Teradyne’s rating from Neutral to Overweight and announced a $160 price target. The upgraded rating suggests a positive outlook for Teradyne’s future performance. Teradyne shares gained 5.2% on Thursday, closing at $131.73.
Microchip Technology Incorporated (MCHP):
Piper Sandler analyst Harsh Kumar upgraded Microchip Technology’s rating from Neutral to Overweight and increased the price target from $90 to $100. This upgrade highlights a positive view of Microchip’s future prospects. Microchip shares gained 4.1% on Thursday, settling at $81.30.
Illumina, Inc. (ILMN):
Daiwa Capital analyst Narumi Nakagiri upgraded the rating for Illumina from Neutral to Buy and boosted the price target from $120 to $154. This upgrade suggests a bullish outlook for Illumina’s future performance. Illumina shares closed at $128.80 on Thursday, up 5.3%.These analyst upgrades represent a positive shift in sentiment for these companies. Investors may want to consider these stocks as potential investment opportunities, but it’s essential to conduct thorough research and consult with a financial advisor before making any investment decisions.
