US Top Rating Updates on 8/1: TGT, EBAY, CMCSA, VOD and more

$Target(TGT.US)$'s tumble in recent months has made it an attractive buying opportunity at present, according to Wells Fargo analyst Edward Kelly. In short, Kelly explained that a steep sell-off driven by self-admitted inventory concerns and a spate of guidance cuts from competitors has placed Target into oversold territory.

Wells Fargo upgraded $Colgate-Palmolive(CL.US)$ to an Equal Weight rating after having the household products stock set at Underweight. Analyst Chris Carey and team said that the premise over the last several years has been that results had wavered for CL and margins would be under pressure as the company invested to catch up.

Deutsche Bank started off coverage on $Polestar Automotive(PSNY.US)$ with a Hold rating. Analyst Emmanuel and team believe Polestar's key strength is the intimate partnership with Geely and Volvo, which they say creates an asset-light business model to speed up the time to market and reduce manufacturing and supply risk.