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Ecolab Returning As A Consistent Earnings Compounder, Says Analyst

Mizuho analyst John Roberts upgraded the shares of Ecolab Inc (NYSE:ECL) from Neutral to Buy and raised the price target from $216 to $260. According to the analyst, ECL appears back to its historical beat-and-raise visibility. The analyst noted that the company had almost 25 years of meeting or exceeding quarterly consensus estimates before the pandemic. Meanwhile, the analyst […]

Vertex’s Alpine Acquisition: Unpacking Analyst Predictions on Povetacicept’s Potential Impact

On Wednesday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) agreed to acquire Alpine Immune Sciences Inc (NASDAQ:ALPN) for $65 per share or approximately $4.9 billion in cash.  Evercore notes the deal as a surprise move as it is unusual for Vertex, which has often been critiqued for capital allocation, building up piles of cash amounting to $13.7 billion before the acquisition.  The analyst […]

Nike Stock Jumps On Upgrade To Buy As Analyst Says It’s ‘Time To Just Do It’

Nike Inc (NYSE:NKE) shares are trading higher Thursday following an upgrade from BofA Securities. What Happened: BofA analyst Lorraine Hutchinson upgraded Nike from Neutral to Buy on Thursday and raised the price target from $110 to $113, noting that “it’s time to just do it.” Full-year earnings estimates for Nike have fallen 35% over the last two years. […]

American Eagle Outfitters Turns Bullish After Meeting With Management

American Eagle Outfitters Inc (NYSE: AEO) reported upbeat fourth-quarter earnings in March. The company is poised to generate revenue growth across its brand portfolio, with 3% to 5% consolidated revenue growth in its flagship brand and Aerie, according to JPMorgan. The American Eagle Outfitters Analyst: Matthew Boss upgraded the rating from Neutral to Overweight, while raising the price […]

Black Gold Bonanza: Analyst Bets On Chevron, Citing Price Outlook

Scotiabank analyst Paul Y. Cheng upgraded Chevron Corporation (NYSE:CVX) to Sector Outperform from Sector Perform and increased the price target to $195 (from $170). The analyst says that Chevron has the highest oil torque among the integrated super majors, and can enjoy macro tailwinds over the next few years.  Also, the analyst remains optimistic that Chevron will prevail in […]

GoodRx Holdings Analyst Turns Bullish Ahead Of Q1 Earnings

GoodRx Holdings Inc (NASDAQ: GDRX) got an upgrade last month from Wells Fargo analyst. Despite being a “re-accelerating high-growth, high-margin company,” the stock was trading at a discount both to its peers and its historical average, according to KeyBanc Capital Markets. The GoodRx Holdings Club Analyst: Scott Schoenhaus upgraded the rating for GoodRx Holdings to Overweight […]

Goldman Sachs Is Incrementally More Positive On Molson Coors & Constellation Brands: Here’s Why

Goldman Sachs analyst Bonnie Herzog is incrementally more positive on Molson Coors Beverage Co (NYSE:TAP) & Constellation Brands Inc (NYSE:STZ) and incrementally negative on Boston Beer Company Inc (NYSE:SAM) based on feedback from the beer distributor contacts in the recent Beverage Bytes survey. The analyst upgraded the shares of Molson Coors Beverage from Neutral to Buy and raised the price target from $66 to $75. […]

Riding The Wave: Freeport-McMoRan Receives Upgrade As Analyst Foresees Copper And Gold Boom

Freeport-McMoRan Inc. (NYSE:FCX) shares are trading higher after BofA Securities analyst Lawson Winder upgraded the stock to Buy (from Neutral) with a price target of $59. The bullish stance was due to expected higher quality copper leverage, robust and rising free cash flow, and material gold revenue (15% of the total). Related: Will Copper Reach $10,000? ‘An Essential Metal That […]

Why Chemours Gets A Double Upgrade From This Analyst

Chemours Co (NYSE: CC) reported in late March its fourth-quarter earnings ahead of expectations. With the company’s accounting issue in the rearview mirror, many of its businesses seem to be at or near an inflection point, according to BMO Capital Markets. The Chemours Analyst: John McNulty upgraded the rating for Chemours from Underperform to Outperform, […]