© Reuters.
By Davit Kirakosyan
JPMorgan upgraded Avis budget Group (NASDAQ:) to Overweight from Neutral and raised its price target to $231.00 from $230.00. Shares gained more than 16% intra-day today. According to analysts, the company is well positioned to take advantage of the growth in the industry and represents an attractive investment opportunity.
Raymond James upgraded AT&T Inc (NYSE: ) to Strong Buy from Outperform with a price target of $24.00 as it believes the company will outperform peer Verizon (NYSE: ) in the next few months based on the current operating performance of the two business.
RBC Capital upgraded HEICO (NYSE:) to Outperform from Sector Perform and raised its price target to $175.00 from $150.00. Shares are trading around 3% higher intra-day today. Despite the stock trading at a premium relative to its historical valuation range, analysts believe it will benefit from the expected closing of the Exxelia acquisition, continued strength in the commercial aftermarket, and the expected positive shift in defense sales .
Guggenheim upgraded ServiceNow (NYSE: ) to Buy from Neutral with a $510.00 price target, saying it believes the US Federal business is likely to be strong enough to more than offset commercial market softness for the company.
Barclays upgraded Texas Instruments (NASDAQ: ) to Equalweight from Underweight with a $150.00 price target, expecting the company to be the main beneficiary of the Chips Act and a more muted 2022 due to supply constraints to lead to smaller EPS corrections compared to peers. .
JPMorgan upgraded Wolfspeed Inc (NYSE: ) to Overweight from Neutral and raised its price target to $160.00 from $130.00.
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