© Reuters. Today’s most important upgrades
By Davit Kirakosyan
Morgan Stanley upgraded Southern Copper (NYSE:) to Overweight from Equalweight while cutting its price target to $54.00 from $55.00. Shares gained more than 4% intra-day today.
BofA Securities upgraded Hims and Hers (NYSE:) to Buy from Neutral and raised its price target to $8.50 from $7.50, highlighting the impressive track record of beat and raise quarters since the de-SPAC transaction, as well as achieving a faster-than-expected pace of EBITDA breakeven. Shares gained more than 27% intra-day today following the company’s reported strong and raised outlook.
Stifel upgraded Global Partners, L.P. (NYSE:) to Buy from Hold and raised its price target to $35.00 from $28.00 following the company’s reported better-than-expected last week. The analysts expect the company to use recent outperformance to expand its footprint and benefit from increased volumes and scale advantages.
William Blair upgraded Stratasys Inc. (NASDAQ:) to Market Perform from Underperform ahead of the upcoming Q3 earnings announcement on Nov 10.
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