Today's most important upgrades

Morgan Stanley upgraded ConAgra (NYSE: CAG) to Overweight from Equalweight and raised its price target to $45.00 from $34.00, viewing the company as well positioned heading into 2023. The analysts expect the company to report topline/EPS growth above consensus and guidance through 2024, supported by its category exposure position, consistent retail takeaway, and increased productivity efforts, which should aid gross margin growth.

KeyBanc upgraded MKS Instruments (NASDAQ: MKSI) to Overweight from Sector Weight with a price target of $100.00 after attending the company’s recent analyst day. Shares were trading more than 4% intra-day today.

JPMorgan upgraded Fabrinet (NYSE: FN) to Overweight from Neutral and raised its price target to $156.00 from $126.00. Shares gained around 4% intra-day.

Morgan Stanley upgraded J.M. Smucker (NYSE: SJM) to Equalweight from Underweight and raised its price target to $158.00 from $135.00.

Canaccord Genuity upgraded Nevro Corp (NYSE: NVRO) to Buy from Hold with a price target of $67.00.

By Davit Kirakosyan

Want this type of news in real-time as it happens? Upgrade to StreetInsider.com Premium Here

You May Also Be Interested In