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As companies report their financial results during this earnings season, analysts have revised their ratings on stocks based on these results. First Solar and Coursera are two such companies that have received rating upgrades from brokers.
Broker Morgan Stanley recently upgradedWW InternationalInc.(NASDAQ: WW)to ‘overweight’ from its previous ‘equal weight’ rating on the stock. The rating upgrade has led to a 7.35% jump in WW’s share price to US$10.66 premarket.
Becton Dickinson and Company (NYSE: BDX)received a rating upgrade from Raymond James, after its share price surged 6.9% to US$283.12 on July 24, 2023. During early trade on Monday, Becton Dickinson’s share price reached a record high of US$287.32.
Harley-Davidson (NYSE: HOG)received a rating upgrade from brokers ahead of the company’s earnings release, resulting in an upward revision in its stock price on Friday. HOG saw an increase of 4.8% in its price as D.A. Davidson renewed its rating on the stock.
Bluebird bio (NASDAQ: BLUE)received a rating upgrade from BofA Securities, leading to an uptick in the biotech company’s shares. BLUE shares recorded a 19.8% rise following BofA’s release of a rating upgrade.
Yelp Inc. received a rating upgrade from Goldman Sachs on July 17, 2023, as per EODHD/Others data. The broker promoted YELP from ‘hold’ to ‘buy’ and increased its price target on YELP from US$38 to US$47.
Plug Power, a green hydrogen producer, received a revised rating from Northland Securities. The company focuses on building an end-to-end green hydrogen ecosystem.
The US Bureau of Labor Statistics released the Consumer Price Index data for June 2023, which indicated that inflation is easing. CPI rose 3% over the last year, which was the smallest increase in inflation since March 2021.
Home Depot is a leader in the home improvement retailing segment, with over 1 million products available online and 30,000 products available in stores across the US. The company also started maintenance, repair, and operations businesses after acquiring distributor Interline Brands in 2015.
Equity analyst Guggenheim has upgraded Exelon Corp to a ‘buy’ rating, despite the utilities sector reporting slower growth as compared to the broader market. Exelon is a utilities sector company that operates through six fully regulated distribution channels.
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