Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Today's Upgrades of Note

Stock Markets Sep 21, 2022 17:24
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
EL
+4.03%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
PBF
-0.70%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ANET
+0.47%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Davit Kirakosyan

Today, several brokerages upgraded the shares of three companies, including Estee Lauder (NYSE:EL), PBF Energy (NYSE:PBF), and Arista Networks (NYSE:ANET). Below, we provided the details for each upgrade:

Goldman Sachs upgraded Estee Lauder to Buy from Neutral and raised its price target to $303.00 from $298.00, following the recent pullback in the stock. Despite uncertainty around the duration of China’s zero-Covid policy and the associated impact on the company’s business remains high, the analysts believe this now appears adequately reflected in the stock following its de-rating.

JPMorgan upgraded PBF Energy to Overweight from Neutral with a price target of $43.00, noting that current share price levels are highly attractive given improvements in the company’s balance sheet. The analysts believe shares could outperform on the announcement of a base dividend or a special dividend/share buyback, which would likely not come until mid-2023 or early 2024, but could be signaled earlier.

Barclays upgraded Arista Networks to Overweight from Equalweight with a price target of $131.00, noting it believes the strong mid-teens growth rate will be sustainable for a few more years. The analysts expect market share in the data center switching market to continue to move higher.

Today's Upgrades of Note
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email