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Today’s most important analyst stock upgrades:
Deutsche Bank upgraded Estee Lauder (NYSE:EL) from Hold to Buy with a price target of $266.00 on the increased likelihood of China reopening by the start of the company FY24 and increased confidence in makeup margin expansion.
Oppenheimer upgraded General Electric (NYSE:GE) from Perform to Outperform with a price target of $104. The analyst said, “Aviation performance reflects strong momentum along industry recovery path, amidst widespread industry supply-chain challenges impacting the commercial business and internal production challenges serving military markets.”
Cowen upgraded PerkinElmer (NYSE:PKI) from Market Perform to Outperform with a price target of $164. The analyst commented, “Following 3 years of effective “COVID cash” generation, redeployment, and M&A/divestitures, we believe the go-forward organization is capable of outperforming consensus FY’23-35 growth and profitability expectations.”
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