Today's most important upgrades

JPMorgan upgraded Altus Power (NYSE: AMPS) to Overweight from Neutral with a price target of $10.00. Shares fell more than 10% intra-day today after the company reported a Q3 EPS miss and guided 2022 at the lower end of the previous range. According to the analysts, the recent pullback presents a buying opportunity, particularly ahead of an expected uptick in contracting activity over the coming few quarters.

UBS upgraded AMD (NASDAQ: AMD) to Buy from Neutral and raised its price target to $95.00 from $75.00 as it sees key cycle indicators turning more positive. Shares gained more than 3% intra-day today.

Northcoast Research upgraded Ritchie Bros (NYSE: RBA) to Buy from Neutral with a price target of $65.00. Shares were up more than 2% intra-day.

Wells Fargo upgraded Occidental Petroleum (NYSE: OXY) to Equal Weight from Underweight and raised its price target to $74.00 from $59.00. The company reported mixed Q3 results last week, with EPS of $2.44 coming in worse than the consensus estimate of $2.68, while revenue of $9.5 billion beat the consensus estimate of $9.44 billion.

Goldman Sachs upgraded Dominion Resources, Inc. (NYSE: D) to Neutral from Sell while cutting its price target to $69.00 from $72.00.

By Davit Kirakosyan

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