Bullish Views On Frontdoor, Xcel Energy, and Walt Disney
- October 06th, 2023
- 637 views
Truist Securities upgraded Frontdoor, Inc. (Nasdaq: FTDR), a home service plan provider, elevating its rating from Hold to Buy and adjusting the price target from $40 to $42.
With $FTDR closing at $29.31 on Thursday, the revised price target suggests a potential upside of $12.69 or approximately 43.27%, based on the investment banking firm's analysis.
In another development, BofA Securities upgraded Xcel Energy Inc. (Nasdaq: XEL), an energy company, from Neutral to Buy, while raising the price target from $58 to $66.
Despite closing at $56.48 on Thursday, the increased price target indicates a potential upside of $9.52 or roughly 16.86% for $FTDR, according to the financial advisory firm's view.
Additionally, Bernstein initiated coverage on The Walt Disney Company (NYSE: DIS), a renowned entertainment conglomerate, with an Outperform rating and a price target of $103.
$DIS closed at $80.81 on Thursday, implying a potential upside of $22.19 or around 27.48%, as per the brokerage firm's perspective.
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)
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