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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.
Broker Bank of America upgraded its rating on pharmaceutical firm Gilead Sciences (NASDAQ: GILD). BofA upped the rating on GILD from ‘neutral’ to ‘buy’ leading to the stock’s price rising by 3.3% on September 8, 2023.
‘Burger giant McDonald’s (NYSE: MCD) received a rating upgrade from brokerage Wells Fargo. The broker upgraded MCD to ‘overweight’, leading to a 1% gain in the stock’s price on September 7, 2023.
Restaurant chain operator Papa John’s International (NASDAQ: PZZA) received a rating upgrade from broker Wedblush. The brokerage upgraded PZZA to ‘outperform’ from ‘neutral’ and also raised the price target on the stock.
GMS Inc. (NYSE: GMS)distributes specialty building products such as wallboards, suspended ceiling systems and other such building products. GMS generates majority of its revenue from the United States through its Wallboard products.
Hanover Insurance Group (NYSE: THG)received a rating upgrade from brokerage BMO, leading to a 1.4% increase in its share price on August 31, 2023. BMO Capital Markets upgraded THG from ‘market perform’ to ‘outperform’, while raising its price target on the stock.
Accounting software provider Intuit received a price target upgrade from brokers as the company released its guidance for FY24. The company recently reported its Q423 results and provided fiscal 2024 guidance.
On August 22, 2023, toymakerHasbro (NASDAQ: HAS)received a price target increase from Bank of America. Following the revision in Hasbro’s price target, HAS shares rose 2% to US$64.5 in premarket session on Tuesday.
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