News

BTIG upgraded its price target on REIT firm Hudson Pacific to US$11, the highest price target among all brokers as per EODHD/Others data. The new price target reflects an upside potential of 63.2% over the stock’s closing price on Tuesday.

Brokers raise their price targets onFedEx Corporation (NYSE: FDX), leading to a 2.63% surge in the company’ share price. The stock price reached US$267.97 on September 25, 2023, as Daiwa Capital, Loop Capital and others increase their price target on the FDX.

Medical equipment manufacturerBoston Scientific Corporation (NYSE: BSX)received a price target upgrade from brokers as it projects sales growth of 8% to 10% for 2024 to 2026.

Brokerage Mizuho revised its rating on food distribution companyDoorDash (NYSE: DASH)from ‘neutral’ to ‘buy’. The broker also upped its price target on DoorDash to US$105 from US$90. Mizuho’s upgraded price target represents an upside potential of 29.76% over DASH’s closing price on Monday.

Apellis Pharmaceuticals Inc. (NASDAQ: APLS)received a rating upgrade from Wells Fargo as the broker is positive on the company’s eye disorder drug. The broker upgraded Apellis to ‘overweight’, while raising its price target on the stock from US$34 to US$64.

Semiconductor manufacturerFirst Solar Inc. (NASDAQ: FSLR)received a rating upgrade from broker BMO. The broker upgraded FSLR to ‘outperform’ from ‘market perform’, while maintaining its price target of US$237.

Broker TD Cowen increased its price target on two retail firms, namely TJX Companies (NYSE: TJX) and Ross Stores (NASDAQ: ROST). Both these companies are off-price retailers, typically offering goods at discounted or low prices.