5 Stocks Gaining Value on Analysts’ Upgrades

In this article, we discuss the 5 stocks gaining value on analysts’ upgrades. If you want to see more such stocks on the list, go directly to 10 Stocks Gaining Value on Analysts’ Upgrades.

5. TransUnion (NYSE:TRU)

Number of Hedge Fund Holders: 34

TransUnion (NYSE:TRU) shares advanced nearly three percent on Friday, January 13, after Wells Fargo analyst Seth Weber improved his ratings for the consumer credit reporting agency from “Equal-Weight” to “Overweight.”

Weber thinks the stock currently offers an attractive entry point considering its significant underperformance in recent months. He also lifted his price target for TransUnion (NYSE:TRU) from $70 per share to $88 per share.

Separately, equity investment management firm TimesSquare Capital also briefly discussed TransUnion (NYSE:TRU) in its third-quarter 2022 investor letter. Here’s what the firm said:

“TransUnion (NYSE:TRU) is a credit bureau providing risk and information services. Share price weakness of -25% stems from weaker-than-expected results and a reduction in forward guidance; some of which is attributable to lower mortgage volumes. We have been reducing this position for most of 2022, and plan to exit completely.”

4. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 42

Credit Suisse upgraded The Boeing Company (NYSE:BA) from “Underperform” to “Neutral” to Thursday, January 12. Analyst Scott Deuschle was primarily moved by the company’s improved operational performance.

Deuschle also pointed towards strong aircraft deliveries and an upside for free cash flow in the fourth quarter. In addition, the analyst raised his price target for The Boeing Company (NYSE:BA) from $121 per share to $200 per share.

Shares of The Boeing Company (NYSE:BA) rose over three percent on January 12 following the upgrade.

3. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 43

Caterpillar Inc. (NYSE:CAT) shares hit a new 52-week high of $258.58 on Friday, January 13, after BofA analyst Michael Feniger turned bullish on the construction-equipment manufacturer.

Feniger raised his ratings for Caterpillar Inc. (NYSE:CAT) from “Neutral” to “Buy” and lifted his price target from $217 per share to $295 per share. The analyst thinks prices are increasing faster than costs, providing earnings stability in these uncertain times. He also expects Caterpillar to post stable results for Q4 and Q1.

2. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holders: 48

Wolfe Research upgraded Halliburton Company (NYSE:HAL) from “Underperform” to “Outperform,”     sending its shares to a nearly one-year high on Thursday, January 12.

Analyst Sam Margolin sees the oil field service giant boosting revenue from major projects this year. Margolin has a price target of $51 per share for Halliburton Company (NYSE:HAL), compared to the stock’s current trading price of around $42.

Meanwhile,  investment advisor Aristotle Atlantic Partners also talked about Halliburton Company (NYSE:HAL) in its third-quarter 2022 investor letter, stating:

“Halliburton Company (NYSE:HAL) provides energy, engineering and construction services and is a manufacturer of products for the energy industry. The company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas. Halliburton operates two business segments: Completion & Production and Drilling & Evaluation.

Our conviction in longer-term operating leverage is supported by the focus on improving cost structures. Upstream oil and gas spending over the longer term can benefit Exploration & Production (E&P) firms from sustained high oil and gas prices and a renewed urgency in global energy security. We believe the rightsizing of the company’s cost structure and forward focus on margins at the same time as E&Ps respond to new investment signals will drive both topline and bottom-line growth.”

1. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 115

Netflix, Inc. (NASDAQ:NFLX) recently came into the limelight after receiving an upgrade from Jefferies. The research firm upgraded the video-streaming giant from “Hold” to “Buy” on Thursday, January 12.

Analyst Andrew Uerkwitz thinks the company’s ad-supported streaming plan and initiatives like the crackdown on password sharing will drive sales in the coming quarters. Uerkwitz raised his price target for Netflix, Inc. (NASDAQ:NFLX) from $310 per share to $385 per share.

Separately, Oppenheimer also increased its price target for Netflix, Inc. (NASDAQ:NFLX) from $365 per share to $400 per share on Friday, January 13. Netflix stock inched higher in the last couple of trading sessions following latest coverage from these research firms.

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