Analysts Upgraded Bank of America, MGM, DoorDash And Cisco This Week
Analyst ratings measure the expected performance of a stock during a given time period.
Traders and investors should know analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.
In general, analysts arrive at stock ratings after they research companies’ public financial statements, communicate with executives and customers and interact with companies in other ways.
Shares of Bank of America traded flat this week. The financial services company opened Monday’s session at $40.60 and closed Friday lower by 0.25% at $40.50.
Bernstein analyst Vitaly Umansky upgraded MGM Resorts International (NYSE: MGM) from Market Perform to Outperform and announced a $58.9 price target.
Shares of MGM fell this week. The hospitality company opened Monday’s session at $43.40 and closed Friday lower by 4.30% at $41.54.
B of A Securities analyst Michael McGovern upgraded DoorDash Inc (NYSE: DASH) from Neutral to Buy and announced a $255 price target.
Shares of DoorDash soared higher this week. The online food ordering company opened Monday’s session at $208.62 and closed Friday higher by 4.30% at $222.91.
Shares of Cisco traded lower this week. The networking hardware company opened Monday’s session at $58.16 and closed Friday lower by 2.25% at $56.85.
See more from Fintech Zoom
© 2021 Fintech Zoom.com. Fintech Zoom does not provide investment advice. All rights reserved.