By Davit Kirakosyan
Today, several brokerages upgraded the shares of three companies, including Chegg (NYSE:CHGG), Planet Fitness (NYSE:PLNT), and Unilever (NYSE:UL). Below, we provided the details for each upgrade:
Needham & Company upgraded Chegg to Buy from Hold with a price target of $28.00. According to the analysts, the company is positioned well to report upside to conservative expectations, given its analysis of Chegg’s Q3 and fiscal 2022 guidance assumptions combined with its forecast for Fall 2022 enrollment expectations.
Raymond James upgraded Planet Fitness to Strong Buy from Market Perform with a price target of $70.00.
Berenberg upgraded Unilever NV to Buy from Hold and raised its price target to EUR55.50 from EUR46.50.