🌎 Pinnacle West Capital Upgraded, Procter & Gamble Upgraded, Duolingo Initiated and more…

🌎 Pinnacle West Capital Upgraded, Procter & Gamble Upgraded,…

March 11, 2024
by RJ Hamster

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March 11th, 2024

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Today’s Top Stories

Coinbase Stock Tempting but isn’t without its Risks

US probes complaints that automatic emergency braking comes on for no reason in 2 Honda models

AI Stock Caught Trading Under Secret Name (The Oxford Club)

This Industrial Products Stock is Goldman’s Favorite This Cycle

Choice Hotels surrenders its $8 billion hostile takeover attempt of rival chain, Wyndham

Another 20% Upside for Broadcom Stock: Analysts Say Buy the Dip

Boeing, EQT fall; Choice Hotels, MicroStrategy rise, Monday, 3/11/2024

Five Dividend Stocks to Buy Now (FREE INSIDE) (The Oxford Club)

Target Nails the Bullseye on Outsized Earnings Beat

Most teens report feeling happy or peaceful when they go without smartphones, Pew survey finds

First Solar Heats Up Rebound In Solar Energy Demand

Fight between Disney and DeSantis appointees over district control gets a July court hearing

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Apple Inc. (AAPL)
Amazon.com, Inc. (AMZN)
Alphabet Inc. (GOOGL)
- CFO Ruth Porat sold 48,077 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
- Alphabet saw some unusual options trading activity on Friday. Traders acquired 406,853 call options on the stock. This represents an increase of 31% compared to the average volume of 311,090 call options.
- (3/11) Magnificent Seven Stocks Aren’t Overvalued—Cyclicals Are, J.P. Morgan Says(barrons.com)
- (3/11) Diversified Trust Co Raises Stock Position in Alphabet Inc. (NASDAQ:GOOGL)(marketbeat.com)
- (3/11) Is Alphabet Stock a Buy Now? (fool.com)
- (3/11) These 2 “Magnificent Seven” Artificial Intelligence (AI) Stocks Are Surprisingly Cheap (fool.com)
- (3/11) Ruth Porat Sells 48,077 Shares of Alphabet Inc. (NASDAQ:GOOGL) Stock(insidertrades.com)
- (3/11) Alphabet’s Gemini Genius: Why AI Hiccups Won’t Derail GOOG’s Dominance(investorplace.com)
- (3/11) Alphabet Inc. (NASDAQ:GOOGL) Receives Average Recommendation of “Moderate Buy” from Brokerages (marketbeat.com)
- (3/10) Jeff Bezos’s investment in Perplexity AI has nearly doubled in value in a few months as Google challenger nears $1B unicorn status (finance.yahoo.com)
- (3/10) Why Walmart’s quick success in generative AI search should have Google worried(cnbc.com)
- (3/10) Employees Retirement System of Texas Trims Position in Alphabet Inc. (NASDAQ:GOOGL) (marketbeat.com)
Meta Platforms, Inc. (META)
Microsoft Co. (MSFT)

Analysts’ Upgrades

Algonquin Power & Utilities (NYSE:AQN) was upgraded by analysts at Desjardins from a “sell” rating to a “hold” rating.The current price is $6.46.
Bilibili (NASDAQ:BILI) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $11.00 price target on the stock, up previously from $10.00. This represents a 13.7% downside from the current price of $12.74.
Choice Hotels International (NYSE:CHH) was upgraded by analysts at Jefferies Financial Group Inc. from an “underperform” rating to a “buy” rating. They now have a $156.00 price target on the stock, up previously from $96.00. This represents a 23.2% upside from the current price of $126.65.
DoubleVerify (NYSE:DV) was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $40.00 price target on the stock. This represents a 24.2% upside from the current price of $32.20.
Foot Locker (NYSE:FL) was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $23.00 price target on the stock, up previously from $12.00. This represents a 5.7% downside from the current price of $24.39.
Freshpet (NASDAQ:FRPT) was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $135.00 price target on the stock, up previously from $120.00. This represents a 24.5% upside from the current price of $108.46.
Kingsoft Cloud (NASDAQ:KC) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating.The current price is $3.57.
Lions Gate Entertainment (NYSE:LGF.A) was upgraded by analysts at Barrington Research from a “market perform” rating to an “outperform” rating. They now have a $12.00 price target on the stock. This represents a 30.9% upside from the current price of $9.17.
Lions Gate Entertainment (NYSE:LGF-A) was upgraded by analysts at Barrington Research from a “market perform” rating to an “outperform” rating. They now have a $12.00 price target on the stock. This represents a 30.9% upside from the current price of $9.17.
PDD (NASDAQ:PDD) was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $157.00 price target on the stock, up previously from $117.00. This represents a 38.1% upside from the current price of $113.68.
Procter & Gamble (NYSE:PG) was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $175.00 price target on the stock, up previously from $160.00. This represents a 8.5% upside from the current price of $161.35.
Pinnacle West Capital (NYSE:PNW) was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $71.00 price target on the stock, up previously from $68.00. This represents a 1.1% downside from the current price of $71.79.
STAAR Surgical (NASDAQ:STAA) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock, up previously from $30.00. This represents a 27.9% upside from the current price of $39.10.
Xcel Energy (NASDAQ:XEL) was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $58.00 price target on the stock. This represents a 10.2% upside from the current price of $52.62.
Xcel Energy (NASDAQ:XEL) was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $54.00 price target on the stock, down previously from $61.00. This represents a 2.6% upside from the current price of $52.62.
View today’s most recent analysts’ upgrades at MarketBeat.com

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Analysts’ Downgrades

American Electric Power (NASDAQ:AEP) was downgraded by analysts at UBS Group AG from a “neutral” rating to a “sell” rating. They now have a $83.00 price target on the stock, down previously from $86.00. This represents a 0.4% downside from the current price of $83.36.
Amylyx Pharmaceuticals (NASDAQ:AMLX) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating.The current price is $3.42.
Amylyx Pharmaceuticals (NASDAQ:AMLX) was downgraded by analysts at SVB Leerink LLC from an “outperform” rating to a “market perform” rating.The current price is $3.42.
Bilibili (NASDAQ:BILI) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $12.50 price target on the stock, down previously from $18.00. This represents a 1.9% downside from the current price of $12.74.
Dominion Energy (NYSE:D) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $49.00 price target on the stock. This represents a 3.0% upside from the current price of $47.57.
Hyatt Hotels (NYSE:H) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $156.00 price target on the stock, up previously from $149.00. This represents a 1.0% upside from the current price of $154.38.
Light & Wonder (NASDAQ:LNW) was downgraded by analysts at Redburn Atlantic from a “buy” rating to a “neutral” rating. They now have a $110.00 price target on the stock, up previously from $105.00. This represents a 9.9% upside from the current price of $100.06.
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $18.00 price target on the stock, down previously from $20.00. This represents a 21.3% upside from the current price of $14.84.
PDD (NASDAQ:PDD) was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $136.00 price target on the stock. This represents a 19.6% upside from the current price of $113.68.
View today’s most recent analysts’ downgrades at MarketBeat.com

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Analysts’ New Coverage

ArcBest (NASDAQ:ARCB) is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $168.00 price target on the stock. This represents a 25.1% upside from the current price of $134.26.
Canadian Solar (NASDAQ:CSIQ) is now covered by analysts at Daiwa Capital Markets. They set a “neutral” rating and a $21.00 price target on the stock. This represents a 0.1% upside from the current price of $20.98.
Duolingo (NASDAQ:DUOL) is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $270.00 price target on the stock. This represents a 21.7% upside from the current price of $221.79.
Erasca (NASDAQ:ERAS) is now covered by analysts at Capital One Financial Co.. They set an “overweight” rating and a $8.00 price target on the stock. This represents a 254.0% upside from the current price of $2.26.
Hubbell (NYSE:HUBB) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “hold” rating and a $427.00 price target on the stock. This represents a 12.2% upside from the current price of $380.66.
Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $159.00 price target on the stock. This represents a 48.7% upside from the current price of $106.90.
Lamb Weston (NYSE:LW) is now covered by analysts at BNP Paribas. They set an “outperform” rating and a $128.00 price target on the stock. This represents a 25.7% upside from the current price of $101.86.
nVent Electric (NYSE:NVT) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a “buy” rating and a $83.00 price target on the stock. This represents a 22.1% upside from the current price of $67.98.
Old Dominion Freight Line (NASDAQ:ODFL) is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $465.00 price target on the stock. This represents a 8.2% upside from the current price of $429.61.
OptiNose (NASDAQ:OPTN) is now covered by analysts at HC Wainwright. They set a “buy” rating and a $5.00 price target on the stock. This represents a 177.8% upside from the current price of $1.80.
PHINIA (NYSE:PHIN) is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $50.00 price target on the stock. This represents a 39.1% upside from the current price of $35.94.
REGENXBIO (NASDAQ:RGNX) is now covered by analysts at HC Wainwright. They set a “buy” rating and a $36.00 price target on the stock. This represents a 54.8% upside from the current price of $23.25.
Revolution Medicines (NASDAQ:RVMD) is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $43.00 price target on the stock. This represents a 28.4% upside from the current price of $33.48.
Saia (NASDAQ:SAIA) is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $676.00 price target on the stock. This represents a 18.2% upside from the current price of $572.05.
View today’s most recent analysts’ new coverage at MarketBeat.com

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RJ Hamster

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🌎 Pinnacle West Capital Upgraded, Procter & Gamble Upgraded, Duolingo Initiated and more…

🌎 Pinnacle West Capital Upgraded, Procter & Gamble Upgraded,…

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