Analysts improved Bank Of America, MGM, DoorDash and Cisco this week
Analyst ratings measure the expected performance of a stock over a period of time.
Traders and investors should be aware that analysts and brokerage firms often use ratings when issuing stock recommendations to traders.
Typically, analysts arrive at stock ratings after researching companies’ public financial statements, communicating with executives and clients, and interacting with companies in other ways.
In the midst of another busy trading week, here are the latest analyst notes and updates for Bank of America, MGM, DoorDash, and Cisco.
Odeon Capital analyst Dick Bove promoted Bank of America Corp (NYSE: BAC) of Hold to Buy and announced a price target of $ 46.50.
Bank of America shares have traded flat this week. The financial services firm opened Monday’s session at $ 40.60 and closed Friday down 0.25% at $ 40.50.
Bernstein analyst Vitaly Umansky revalued MGM Resorts International (NYSE: MGM) of Market Perform to Outperform and announced a price target of $ 58.9.
MGM shares fell this week. The hotel company opened Monday’s session at $ 43.40 and closed Friday down 4.30% at $ 41.54.
B of A Securities analyst Michael McGovern has been upgraded DoorDash Inc (NYSE: DASH) from Neutral to Buy and announced a price target of $ 255.
DoorDash shares have skyrocketed this week. The online food ordering company opened Monday’s session at $ 208.62 and closed Friday up 4.30% at $ 222.91.
Credit Suisse analyst Sami Badri upgraded Cisco Systems Inc (NASDAQ: CSCO) from Neutral to Outperforming and raised the price target from $ 56 to $ 74.
Cisco shares traded lower this week. The network hardware company opened Monday’s session at $ 58.16 and closed Friday down 2.25% at $ 56.85.
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