Today's most important upgrades By Investing.com

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Today's most important upgrades

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MRK

+0.44%

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ETSY

+2.34%

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TRU

+1.01%

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MAXN

+3.31%

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By Davit Kirakosyan

Etsy (NASDAQ:ETSY) shares rose more than 4% intra-day today after Needham & Company upgraded the company to Buy from Hold with a price target of $160.00, noting that the company exited the pandemic stronger, but its valuation is at a discount to pre-pandemic averages. Now that pandemic demand has been mostly lapped and sell-side estimates are in a good place, the analysts believe positive earnings revisions and multiple expansions should drive share upside from here.

TransUnion (NYSE:TRU) shares were trading more than 5% higher intra-day today after Morgan Stanley upgraded the company to Overweight from Equalweight and cut its price target to $78.00 from $80.00, noting it believes that even in a worsening consumer environment, the stock presents an attractive valuation. While the analysts believe 2023 should be a challenging year for the company given a potential consumer slowdown, they think that the company will be able to grow revenue HSD in a normal environment.

BofA Securities upgraded Merck & Company Inc (NYSE:MRK) to Buy from Neutral and raised its price target to $130.00 from $110 based on the continuation of strong growth trends seen last year (2023-25 revenue CAGR 6% vs. 1% Biopharma peers) and substantial progress diversifying the Keytruda LOE/concentration risk.

Raymond James upgraded Maxeon Solar Technologies Ltd (NASDAQ:MAXN) to Outperform from Market Perform with a price target of $22.00. Shares surged more than 15% intra-day today.

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South Africa Top 40	70,497.70	-591.62	-0.83%
S. Africa 40 Futures	71,268	-598	-0.83%
US 30	33,340.5	+481.5	+1.47%
US 500	4,110.6	+59.8	+1.48%
US Tech 100	13,187.1	+224.0	+1.73%
DAX Futures	15,814.0	+128.0	+0.82%
Dollar Index	102.285	+0.464	+0.46%

Gold	1,986.70	-11.00	-0.55%
Silver	24.227	+0.238	+0.99%
Crude Oil WTI	75.70	+1.33	+1.79%
Brent Oil	79.94	+1.34	+1.70%
Natural Gas	2.166	+0.062	+2.95%
Copper	4.0825	-0.0090	-0.22%
US Corn	658.50	+9.50	+1.46%

USD/ZAR	17.7944	-0.0213	-0.12%
EUR/USD	1.0842	-0.0059	-0.54%
GBP/USD	1.2335	-0.0049	-0.39%
USD/JPY	132.76	+0.10	+0.08%
GBP/JPY	163.74	-0.52	-0.32%
USD/CAD	1.3516	-0.0004	-0.03%
AUD/USD	0.6686	-0.0021	-0.31%

Steinhoff	22	-2	-8.33%
MTN	12,747	-97	-0.76%
Standard Bank	17,281	-87	-0.50%
FirstRand Ltd	6,038	-41	-0.67%
BHP Group Ltd	50,000	+0	+0.00%
African Rainbow Minerals	23,200	-594	-2.51%
Naspers	329,296	-2460	-0.74%

Today's most important upgrades

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