Harmonic Beats Q1 Earnings Estimates, Trex Company Upgraded to Buy, MSCI Receives Overweight Rating and Price Target at Wells Fargo
- May 09th, 2023
- 488 views
Harmonic Inc. (Nasdaq: HLIT) reported better than expected Q1 earnings, with adjusted earnings per share (EPS) of $0.12, beating the consensus estimate of $0.08. This news led to a surge in the company's stock price, which rose by 19.70% to $16.14 in intraday trading.
Meanwhile, Wells Fargo initiated coverage of MSCI Inc. (NYSE: MSCI) with an Overweight rating and a price target of $570. However, the company's stock price fell slightly by 0.05%, trading at $472.66. The Overweight rating indicates that Wells Fargo analysts believe that MSCI's stock has the potential to outperform the broader market, and the price target suggests a considerable upside potential.
Lastly, Trex Company, Inc. (NYSE: TREX) was upgraded to Buy from Neutral by BofA Securities, following which the company's stock price increased by 8.92%, trading at $61.32. This upgrade indicates that BofA Securities analysts are optimistic about the company's growth prospects and believe that its stock is undervalued.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
NJCP Football League Provides Development and Opportunity for Athletes Pursuing the Next Level
March 20th, 2026March 19th, 2026How High School Graduates Can Kickstart Their Football Career
March 18th, 2026
Member Login