HP snags surprise double upgrade at BofA: 6 big analyst picks
Investing.com -- Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at HP,) - to Buy from the prior Underperform - after a near-25% drop since July after disappointing guidance on the delayed recovery in the PC space and word that Warren Buffett’s Berkshire Hathaway shares gained more than 2% premarket Tuesday after Roth/MKM upgraded the company to Buy from Neutral with an unchanged price target of $33.00.
The analysts said their model remains"unchanged," but that"we are incremental positive based on our recently completed freelancer buyer and seller survey, stock pullback leading to trough valuation levels, slightly supportive macro trends, and a tailwind from AI gigs and renewed Enterprise offerings.
CLX is -18% since disclosing on August 14th a crippling cyberattack. On Friday, they said all manufacturing sites are now operating. We believe that when CLX quantifies the financial impacts, uncertainty will be reduced and shares could rally.) on Monday to Overweight from Neutral and raised its price target to $190.00 from $160.00. Shares closed the session up more than 3%.
The upgrade is based on the belief that the company will continue to benefit from strong trends in security spending and the momentum in network transformation: With SASE in early stages of adoption and ZS remaining a top beneficiary of further adoption, we expect this core growth driver to remain durable for the company over the coming years.We encourage you to use comments to engage with other 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: Include punctuation and upper and lower cases.
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