The world of stock analysis is constantly evolving, with firms regularly updating their ratings and coverage on publicly traded companies. Here's a quick roundup of recent activity on several companies you might be following.
Rating Changes and Reaffirmations
Capital Southwest (NASDAQ:CSWC) received an upgrade from StockNews.com, moving from a "sell" to a "hold" rating. Shares opened at $22.46 on Wednesday, with the stock's 50-day simple moving average sitting at $22.62.
Meanwhile, Evolus (NASDAQ:EOLS) had its "buy" rating reaffirmed by Needham & Company LLC, according to Benzinga reports. The firm set a price objective of $22.00, suggesting a potential upside of 62.96% from the stock's previous close. This positive outlook suggests confidence in Evolus' future performance.
CURRENC Group (NASDAQ:CURR) is a new addition to Roth Mkm's coverage list. The equities research team initiated coverage with a "buy" rating and a $3.50 price target, as reported by Marketbeat. This target implies a potential upside of 59.09% from the company's previous levels. New coverage can often lead to increased investor awareness and trading volume.
New Coverage and Performance
StockNews.com has also been busy initiating coverage on several other companies. CVD Equipment (NASDAQ:CVV), an industrial products company, received a "hold" rating. Shares of CVV opened at $3.04 on Wednesday and were trading up 1.3%, despite being near their 52-week low.
Similarly, StockNews.com initiated coverage on Eltek (NASDAQ:ELTK), a technology company, also with a "hold" rating. Shares of Eltek opened at $11.44, showing a slight increase of 0.6%, despite trading near its 52-week low of $9.00.
Earnings on the Horizon
Looking ahead, G-III Apparel Group (NASDAQ:GIII) is expected to announce its earnings results before the market opens on Thursday, March 13th. Analysts are anticipating earnings of $0.97 per share and revenue of $808.59 million for the quarter. The company has also set its FY 2025 guidance at 4.100-4.200 EPS.
"Earnings announcements are always a key event for investors, providing insights into a company's financial health and future prospects."
Keep an eye on these companies as their performance unfolds and analysts continue to refine their assessments. Stay tuned for further updates on the ever-changing stock market landscape.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.