Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

3 Wall Street Initiations from Today Worth Paying Attention to

Published 09/30/2022, 04:41 PM
Updated 09/30/2022, 04:44 PM
© Reuters.  3 Wall Street Initiations From Today Worth Paying Attention To

By Investing.com Staff

UBS initiated coverage on Freshpet (NASDAQ:FRPT) with a Buy rating and a price target of $67.00. Analysts there said they think the worst is behind the company and the opening of its new facility in Ennis and DC in Dallas should drive profits. Shares closed relatively flat today.

Cowen initiated coverage on Generac Holdlings Inc (NYSE:GNRC) with an Outperform rating and a price target of $229. Analysts cited valuation, saying a sub $225 share price fully prices in a slowing growth environment for a category leader with secular tailwinds. They also see a clear disconnect in Generac’s 2023 growth expectations amongst its sell-side coverage. Shares gained over 2% today following the call.

Canaccord Genuity initiates coverage on Bioceres Crop Solutions (NASDAQ:BIOX) with a Buy rating and a price target of $22.50. Analysts there see strong double-digit revenue growth and expanding EBITDA. Shares gained over 3% today on the news.

Want to get this news first? Upgrade to InvestingPro for real-time market coverage.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.