US Top Rating Updates on 2/24: NVDA, SQ, MRNA, XPEV and More
Goldman Upgrades Nvidia to Buy, Says 'Wrong' to Have Been Waiting on Sidelines
Goldman Sachs analyst Toshiya Hari upgraded $NVIDIA(NVDA.US$ to Buy from Neutral with a price target of $275, up from $162, based on a normalized EPS estimate of $5.00, up from $4.50 on higher peak EPS. The company "delivered an impressive quarter" and in hindsight the firm acknowledges that its "decision to remain on the sidelines in anticipation of a pullback in the company's fundamentals was wrong."
Grainger Upgraded to Sector Perform From Underperform at RBC Capital
RBC Capital analyst Deane Dray upgraded $W.W. Grainger(GWW.US$ to Sector Perform from Underperform with a price target of $679, up from $502. The analyst cites the company's "recent surge in market outgrowth in the highly fragmented" industrial maintenance, repair and operations distribution market for the upgrade.
Unity Downgraded to Perform on Reduced Outlook at Oppenheimer
Oppenheimer analyst Martin Yang downgraded $Unity Software(U.US$ to Perform from Outperform without a price target post the Q4 results. The company's fiscal 2023 revenue outlook fell short of estimates due to weaker in-game advertising market and macro factors, the analyst tells investors in a research note.
Source: Seeking Alpha, The Fly
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