Actionable news
0
All posts from Actionable news
Actionable news in QRVO: QORVO Inc,

6 Analyst Upgrades Too Big to Ignore: Arris, Continental, Devon, Kraft Heinz, NXP, Qorvo

Each morning of the week is met with dozens of analyst reports, upgrading and downgrading stocks ahead of or after news. 24/7 Wall St. reviews many of these daily and weekly, but some analyst upgrades and downgrades are too big to ignore.

Thursday’s full list of analyst upgrades and downgrades included over 20 companies, but six of these analyst calls stood out handily, where the upgrade itself was huge or where many analysts raised targets or ratings in their calls.

Arris International PLC (NASDAQ: ARRS) may have posted a net loss, but the company beat estimates and managed to raise guidance for the second quarter, noting that full-year targets remain on track. Arris shares were up 8.2% at $25.03 on Thursday morning, and three target price hikes have been seen: Goldman Sachs (Buy) to $27 from $25, Needham (Buy) to $30 from $28 and RBC Capital Markets (Outperform) to $31 from $29.

Continental Resources Inc. (NYSE: CLR) was last seen trading up 13% at $39.58, despite reporting a loss on Wednesday. The boost wasn’t from missing earnings estimates but from boosting production targets...


More