Boeing, Shoals Technologies, CAVA Group, Coherent, and Iris Energy: Key Analyst Picks
Boeing’s Promising Start: UBS Rates it a Buy
UBS has initiated coverage on Boeing with a Buy rating and a price target of $275. Despite a drop in its best-selling 737 MAX deliveries, Boeing continues to secure significant new orders. The company is set to report its Q3/23 earnings on Oct 25.
Shares were up 0.8% to $193.53 in recent premarket trading.
Shoals Technologies Shines: Goldman Sachs Upgrades
Shoals Technologies Group shares rose nearly 5% pre-market after Goldman Sachs upgraded the company to Buy from Neutral and raised its price target to $28 from $27. The upgrade reflects Goldman’s positive outlook on US utility-scale solar fundamentals and multiple upcoming catalysts for the company.
Morgan Stanley’s Upgrade: CAVA Group
Morgan Stanley upgraded CAVA Group to Overweight from Equalweight with a price target of $41.00. This resulted in shares gaining more than 4% pre-market.
B. Riley’s Positive Outlook: Coherent
B. Riley upgraded Coherent to Buy from Neutral and raised its price target to $51.00 from $37.00. As a result, Coherent shares rose more than 4% pre-market.
JPMorgan’s Optimistic Upgrade: Iris Energy
JPMorgan upgraded Iris Energy to Overweight from Neutral and raised its price target to $6.50 from $6.00. Shares jumped more than 6% pre-market due to the expansion progress at the company’s new Childress location and improving fleet efficiency.
Investing.com presents the latest analyst picks that you may have missed. These picks include Boeing’s impressive start with a Buy rating from UBS, Shoals Technologies’ rise after Goldman Sachs’ upgrade, and upgrades for CAVA Group, Coherent, and Iris Energy by Morgan Stanley, B. Riley, and JPMorgan, respectively.
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