Investing.com -- Here is your daily Pro Recap of the biggest analyst picks you may have missed since yesterday.
SAP receives two upgrades following Q1 miss
Citi upgraded SAP (NYSE:SAP) to Buy from Neutral and raised its price target to €150.00 from €120.00. Shares are up more than 1% pre-market today. Meanwhile, CFRA upgraded the company to Buy from Hold and raised its price target to $147.00 from $121.00.
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The company reported its Q1 results on Friday. Despite the EPS miss and outlook cut, shares reacted positively to strong cloud revenue growth, closing the day with a 5% gain.
Zebra Technologies upgraded to Outperform, EMEA to drive EPS upside
Credit Suisse upgraded Zebra Technologies (NASDAQ:ZBRA) to Outperform from Neutral and raised its price target to $326.00 from $311.00 ahead of the upcoming Q1/23 earnings, scheduled on May 2.
The firm raised its fiscal 2023 EPS estimate to $17.70 driven by strength in the EMEA region, and better FX. According to Credit Suisse, its channel check suggests Q1 growth in the region to be mid-single to high-single digits (EMEA represents 33% of total sales). Thus, it raised its Q1 EPS estimate to $4.04 (vs. $3.92 consensus). Furthermore, it expects Q2 EPS guidance to be in the range of $4.10-4.40, compared to the $4.17 consensus.
3 more upgrades
BofA Securities upgraded Ally Financial (NYSE:ALLY) to Neutral from Underperform and raised its price target to $28.00 from $24.00.
Last week, the company reported its Q1 results, with EPS of $0.82 coming in worse than the consensus of $0.86, while revenues of $2.1 billion beat the consensus of $2.07B.
Barclays upgraded Universal Health Services (NYSE:UHS) to Equalweight from Underweight and raised its price target to $142.00 from $132.00.
The company reports its Q1 earnings today after the market close.
Goldman Sachs upgraded ZTO Express (NYSE:ZTO) to Buy from Neutral. Shares are up more than 1% pre-market today.
