Today's most important upgrades

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(Updated - December 8, 2022 4:02 PM EST)

Argus upgraded AT&T (NYSE: T) to Buy from Hold with a price target of $24.00. According to the analysts, investment spending on 5G and fiber broadband networks in addition to debt reduction are the company’s critical strategic priorities in the near term, toward creating the underlying framework for sustainable long-term growth.

UBS upgraded Hershey (NYSE: HSY) to Buy from Neutral and raised its price target to $269.00 from $244.00, noting it believes the company will remain in a beat and raise cycle through 2025.

Goldman Sachs upgraded American Homes 4 Rent (NYSE: AMH) to Buy from Neutral and raised its price target to $39.00 from $36.00.

JPMorgan upgraded Vulcan Materials Company (NYSE: VMC) to Overweight from Neutral and raised its price target to $200.00 from $185.00. Shares gained more than 2% intra-day today.

By Davit Kirakosyan

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