Shares of the television streaming platform company Roku (NASDAQ: ROKU) were rising today after a Susquehanna analyst upgraded Roku's stock and made positive comments about the company and the connected TV market. Susquehanna analyst Shyam Patil upgraded Roku's stock to positive, from the previous rating of neutral, and set a price target for its shares at $75. Patil said in a note to investors that an improvement in the streaming market, Roku's competitive position, and overall positive trends in the connected TV space were reasons to be optimistic about the company. Read More...
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Caterpillar’s Stock Was Hot, Now It’s Not: Here’s the Trade
When President Biden signed the $1T bi-partisan Infrastructure Investment and Jobs Act into law in November 2021, one knew that there would be plenty of need for the kind of equipment that Caterpillar sells and United Rentals rents. Both stocks were downgraded this weekend by the very highly rated (5 stars at TipRanks) Mircea Dobre of Robert W. Baird. As a matter of fact, as credit conditions are expected to tighten resulting in reduced economic activity, and as the US continues to forge ahead without an agreed upon budget for the current fiscal year, Dobre, who expects to see a slowdown in non-residential construction in particular, has downgraded Caterpillar twice in less than two months.
