Today's Most Important Upgrades

UBS upgraded TAL International (NYSE: TAL) to Buy from Neutral and raised its price target to $6.50 from $4.94 following the company’s reported Q2 beat last week. While Q2 is typically the peak season for revenue and margin given the summer school breaks, UBS views the strong results as still reflecting the company’s good transition post Double Reduction regulation.

Freshpet (NASDAQ: FRPT) shares gained more than 3% intra-day today after Citi upgraded the company to Neutral from Sell and raised its price target to $66.00 from $32.00.

CFRA upgraded Aptive PLC. (NYSE: APTV) to Strong Buy from Hold and raised its price target to $130.00 from $100.00. Shares were up 5% intra-day today following the company’s reported Q3 beat.

Piper Sandler upgraded Alkermes (NASDAQ: ALKS) to Overweight from Neutral and raised its price target to $30.00 from $26.00. The company reported its Q3 results yesterday, missing the EPS/revenue estimates and narrowing its full-year outlook.

By Davit Kirakosyan

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