By Davit Kirakosyan
Morgan Stanley upgraded Southern Copper (NYSE:SCCO) 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:HIMS) 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 Q3 result and raised outlook.
Stifel upgraded Global Partners, L.P. (NYSE:GLP) to Buy from Hold and raised its price target to $35.00 from $28.00 following the company’s reported better-than-expected Q3 results 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:SSYS) to Market Perform from Underperform ahead of the upcoming Q3 earnings announcement on Nov 10.
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