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Canaccord Genuity upgraded Datadog (NASDAQ:DDOG) to Buy from Hold and lowered its price target to $110.00 from $120.00 after attending the DASH 2022 user conference and the analyst briefing this week. The company presented over 12 new products across Observability, Cloud Security, and DevOps, noting it aims to offer single platform access across all three areas. Shares gained more than 8% intra-day today.
BofA Securities upgraded ResMed Inc (NYSE:RMD) to Buy from Neutral and raised its price target to $260.00 from $245.00 as it expects a Q1 beat and a more positive outlook.
Argus upgraded Comerica (NYSE:CMA) to Buy from Hold with a price target of $87.00 following the company’s Q3 beat. However, shares were down more than 4% intra-day today. Argus expects the company to benefit from higher short-term interest rates for longer and continued strong credit quality in the loan book. Furthermore, it expects loans to grow by mid-single digits, with gains in General, National Dealer Services and Environmental Services offset by lower Mortgage and Equity Fund Services.
Piper Sandler upgraded Oracle (NYSE:ORCL) to Neutral from Underweight with a price target of $70.00. Shares were up more than 4% intra-day.
Oppenheimer upgraded Dick’s Sporting Goods (NYSE:DKS) to Outperform from Perform with a price target of $138.00.
KeyBanc upgraded Southern Co. (NYSE:SO) to Overweight from Sector Weight with a price target of $70.00.
Morgan Stanley upgraded Albertsons Companies (NYSE:ACI) to Equalweight from Underweight and raised its price target to $30.00 from $26.00.
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