By Davit Kirakosyan
Wells Fargo upgraded World Wrestling Entertainment (NYSE:WWE) to Equal Weight from Underweight and raised its price target to $100.00 from $52.00 after researchers decided that their prior negative thesis around TV rights renewals is unlikely. The analysts believe that the potential sale of the company has a reasonable probability of success.
BofA Securities upgraded Grab Holdings Ltd (NASDAQ:GRAB) to Buy from Neutral and raised its price target to $4.20 from $3.60. Shares surged more than 10% intra-day today.
Morgan Stanley upgraded Church & Dwight Company Inc (NYSE:CHD) to Overweight from Equal Weight and raised its price target to $91.00 from $82.00, now expecting a sharp fundamental turn in 2023 to above-consensus organic sales and GM results. The analysts see consensus EPS as now reasonable for 2023 even with assumed SG&A reinvestment, with likely potential room for upside later in H2.
Dun & Bradstreet Holding Inc (NYSE:DNB) shares gained more than 4% intra-day today after BofA Securities upgraded the company to Buy from Neutral and raised its price target to $15.50 from $14.00.
Goldman Sachs upgraded Miniso Group Holding Ltd (NYSE:MNSO) to Conviction Buy from Buy with a price target of $17.80, noting it believes the company is well positioned for the re-opening theme, with overseas operations (35-40% of sales) on the right track for GMV recovery while business in Mainland China should start to a concrete improvement from March.
BMO Capital upgraded Valero Energy (NYSE:VLO) to Outperform from Market Perform and raised its price target to $160.00 from $135.00.
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