Today's most important upgrades By Investing.com

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Today's most important upgrades

Stock Markets Nov 21, 2022 03:55PM ET

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DIS

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CNQ

-0.19%

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TME

+0.92%

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By Davit Kirakosyan

MoffettNathanson upgraded Walt Disney (NYSE:DIS) to Outperform from Market Perform and raised its price target to $120.00 from $100.00 following the company’s announcement yesterday that Bob Iger is coming back to replace Bob Chapek as the CEO. Shares gained more than 9% intra-day today.

JPMorgan upgraded Tencent Music Entertainment Group (NYSE:TME) to Overweight from Neutral and raised its price target to $7.70 from $4.80 following strong profit growth in Q3/22 (up 41% year-over-year). The analysts expect the company to deliver mid-to-high double-digit bottom-line growth in the next three quarters. The analysts said that online music has finally become a key financial driver for the group as its online music operation grow from 32% of group revenue at low-teens GPM in 2020 to 47% of group revenue at mid-twenties GPM in Q3/22.

Goldman Sachs upgraded Canadian Natural Resources Limited (NYSE:CNQ) to Buy from Neutral with a price target of $69.00 based on (1) the attractive valuation following underperformance, (2) the negative sentiment around WCS exposure being priced in, and (3) expectation of attractive capital returns in the coming years.

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US 30	32,286.0	+180.8	+0.56%
US 500	3,979.9	+31.2	+0.79%
Dow Jones	32,237.53	+132.28	+0.41%
S&P 500	3,970.99	+22.27	+0.56%
Nasdaq	11,823.96	+36.56	+0.31%
S&P 500 VIX	21.74	-0.87	-3.85%
Dollar Index	102.780	+0.573	+0.56%

Crude Oil WTI	69.20	-0.76	-1.09%
Brent Oil	75.00	-0.91	-1.20%
Natural Gas	2.181	+0.027	+1.25%
Gold	1,981.00	-14.90	-0.75%
Silver	23.375	+0.119	+0.51%
Copper	4.0740	-0.0495	-1.20%
US Soybeans	1,429.62	+10.62	+0.75%

U.S. 10Y	3.372	-0.005	-0.16%
U.S. 30Y	3.644	-0.000	-0.01%
U.S. 5Y	3.4075	-0.0005	-0.01%
U.S. 3M	4.6645	-0.0255	-0.54%
US 10Y T-Note	116.11	+0.12	+0.11%
Euro Bund	137.75	+0.71	+0.52%
10-2 Yield Spread	-51.25	+6.10	+-10.64%

Apple	160.25	+1.32	+0.83%
Alphabet A	105.44	-0.16	-0.15%
Tesla	190.41	-1.81	-0.94%
Amazon.com	98.13	-0.58	-0.59%
Netflix	328.39	+8.02	+2.50%
Meta Platforms	206.01	+1.73	+0.85%
Bank of America	27.14	+0.17	+0.63%

Today's most important upgrades

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