📆 Wednesday, May 7
🟢 Positive Ratings:
Advanced Micro Devices (AMD) 🇺🇸🟡⤴️🟢
Analyst: Bank of America upgrades to “BUY”
Previously: “NEUTRAL”
Price Target: $120
Albertsons (ACI) 🇺🇸🟡⤴️🟢
Analyst: BMO upgrades to “OUTPERFORM”
Previously: “MARKET PERFORM”
Price Target: $25
Arista Networks (ANET) 🇺🇸🟢
Analyst: Bank of America reiterates as “BUY”
Chevron (CVX) 🇺🇸🟢
Analyst: Goldman Sachs reiterates as “BUY”
Constellation Brands (STZ) 🇺🇸🟡⤴️🟢
Analyst: Truist upgrades to “BUY”
Previously: “HOLD”
Price Target: $215
Analyst: Bank of America reiterates as “BUY”
Logitech (LOGI) 🇨🇭🟡⤴️🟢
Analyst: UBS upgrades to “BUY”
Previously: “NEUTRAL”
Super Micro (SMCI) 🇺🇸🟢
Analyst: Neeham reiterates as “BUY”
Analyst: Morgan Stanley reiterates as “OVERWEIGHT”
Wynn Resorts (WYNN) 🇺🇸🟡⤴️🟢
Analyst: Bank of America upgrades to “BUY”
Previously: “NEUTRAL”
Price Target: $100
🟡 Neutral Ratings:
Marvell Technology (MRVL) 🇺🇸🟢⤵️🟡
Analyst: Cantor Fitzgerald downgrades to “NEUTRAL”
Previously: “OVERWEIGHT”
Price Target: $60
Rivian (RIVN) 🇺🇸🟡
Analyst: Goldman Sachs reiterates as “NEUTRAL”
Super Micro (SMCI) 🇺🇸🟡
Analyst: Barclays reiterates as “EQUAL WEIGHT”
🔴 Negative Ratings:
N/A
Price Target (or target price): When an analyst sets a price target for a stock, he or she is trying to determine what the stock is worth and where the price will be in ~12 months. Ultimately, price targets depend on the valuation of the company issuing the stock. Analysts base their price targets usually on earnings forecasts and assumed valuation multiples. Price targets (especially average price targets) can be used to value stocks and may even be more useful than a stock analyst's rating.
🟢 = positive rating
🟡 = neutral rating
🔴 = negative rating
⤴️ = upgrade
⤵️ = downgrade
Trader™ Analyst Team & Robert Lindner
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