By Davit Kirakosyan
Today, several brokerages upgraded the shares of four companies, including America Movil (NYSE:AMX), Humana (NYSE:HUM), Norwegian Cruise Line Holdings (NYSE:NCLH) and Morningstar Inc (NASDAQ:MORN). Below, we provided the details for each upgrade:
UBS upgraded America Movil to Buy from Neutral and slightly lowered its price target to $20.40 from $20.50.
Morgan Stanley upgraded Humana to Overweight from Equalweight and raised its price target to $549.00 from $494.00. The analysts expect the company to provide one of the most attractive MA plan offerings next year, given last week’s Investor Day when the company provided an initial look at 2023 with a projected +50% plan value increase in Duals and +20% in non-Duals. While the company projects growth at or above the market growth rate by 2024 and beyond, the analysts believe the company now has strong potential to exceed these expectations in 2023 which could drive outsized earnings growth in 2024/25.
Truist Securities upgraded Norwegian Cruise Line Holdings to Buy from Hold and raised its price target to $19.00 from $18.00.
Redburn upgraded Morningstar to Buy from Neutral with a $350 price target. The analysts see the company as well positioned to weather a downturn and continue delivering double-digit organic topline growth, given heavy subscription-based revenue streams, strong pricing power and high levels of product innovation.