News

Goldman Sachs upgraded Yelp Inc. to ‘buy’ rating as it believes that Yelp is set to benefit from a potential increase in advertising trends. Yelp has a mean recommendation rating of 3.1 and a consensus mean price target of US$35.75.

Plug Power saw a price uptick of around 10% on July 13, 2023, as it secured a 100-megawatt electrolyzer deal for a project in Europe. Northland Securities upgraded the stock to an ‘outperform’ rating a day after the deal was announced.

US inflation data suggests that the rate at which prices are increasing is slowing down. Marathon Oil saw a price uptick of 1.89% on July 12, 2023, following the CPI data release. The S&P 500 energy index also rose 1.1% on July 12, 2023.

Jeffries increased its price target on Home Depot from US$349 to US$370 as it sees long-term demand in the home improvement industry. The stock has a consensus mean price target of US$ 315.05 as on July 10, 2023. This is 1.54% higher than its …

Guggenheim upgraded Exelon from a Neutral rating to a Buy rating, despite slower outlook for the utilities sector. The broker believes that Exelon has higher growth trajectory than its peers. EXC closed at US$ 40.96 on Friday, July 7, 2023.

BNP Paribas upgraded Nucor from a Neutral rating to an Outperform rating. The broker believes that there is “uniquely strong” sales and distribution outlook for rebar and plate. NUE closed at US$ 160.45 on Wednesday, July 5, 2023.

Constellation Brands saw higher price targets from brokers as it released its earnings report for Q1 FY24. STZ shares closed at US$ 247.47 on Monday, July 3, 2023, taking its YTD gains to 6.21%.