Top Wall Street analysts initiated coverage on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- CICC analyst Lin Wang initiated coverage on GE Vernova Inc. (NYSE:GEV) with an Outperform rating. GE Vernova shares closed at $373.25 on Tuesday. See how other analysts view this stock.
- Jefferies analyst Jonathan Matuszewski initiated coverage on Stanley Black & Decker, Inc. (NYSE:SWK) with a Buy rating and announced a price target of $103. Stanley Black & Decker shares closed at $87.04 on Tuesday. See how other analysts view this stock.
- Canaccord Genuity analyst John Newman initiated coverage on Candel Therapeutics, Inc. (NASDAQ:CADL) with a Buy rating and announced a price target of $20. Candel Therapeutics shares closed at $9.52 on Tuesday. See how other analysts view this stock.
- Piper Sandler analyst Biren Amin initiated coverage on Compass Therapeutics, Inc. (NASDAQ:CMPX) with an Overweight rating and announced a price target of $12. Compass Therapeutics shares closed at $3.17 on Tuesday. See how other analysts view this stock.
- Cantor Fitzgerald analyst Brett Knoblauch initiated coverage on Coincheck Group N.V. (NASDAQ:CNCK) with an Overweight rating and announced a price target of $10. Coincheck Group shares closed at $7.27 on Tuesday. See how other analysts view this stock.
Considering buying GEV stock? Here's what analysts think:
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Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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