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https://i-invdn-com.investing.com/news/LYNXNPEC0E0NI_M.jpgInvesting.com — Here is your daily Pro Recap of the analysts’ biggest positive rating moves you may have missed on InvestingPro. Start your free 7-day trial to get this news first.
ACM Research (NASDAQ:ACMR) shares surged more than 10% yesterday after Morgan Stanley upgraded the stock to Overweight from Underweight and raised its price target to $13.50 from $10.00, noting that the company should enjoy a strong year of growth in 2023, supported by market share gains and new product launches.
“We believe those should be able to offset business headwinds from China’s 2023 WFE TAM decline,” added the firm.
Morgan Stanley initiated coverage on Hesai Group (NASDAQ:HSAI) with an Overweight rating and a price target of $26.50. Shares were down more than 2% pre-market today, below last month’s IPO price.
KeyBanc upgraded Kimbell Royalty Partners (NYSE:KRP) to Overweight from Sector Weight with a price target of $21.00. Shares gained more than 3% pre-market today.
Redburn upgraded Monster Beverage (NASDAQ:MNST) to Buy from Neutral. The company reported its Q4 results last week, with EPS of $0.57 and revenue of $1.51 billion coming in worse than the consensus estimates of $0.63 and $1.6B, respectively.
Baird initiated coverage on bluebird bio (NASDAQ:BLUE) with an Outperform rating and a price target of $10.00. Shares rose more than 2% pre-market today.
Exane BNP Paribas upgraded United Airlines (NASDAQ:UAL) to Outperform from Underperform.
Piper Sandler upgraded Mercantile Bank (NASDAQ:MBWM) to Overweight from Neutral and raised its price target to $40.00 from $38.00.
