JP Morgan Upgrades Afya to Overweight, Lowers Price Target to $19
JP Morgan analyst Marcelo Santos upgrades Afya (NASDAQ:AFYA) from Neutral to Overweight and lowers the price target from $21 to $19.
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Analysts upgraded NetApp, Humana, Corteva, Afya, with price-target changes for four stocks.
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JP Morgan analyst Marcelo Santos upgrades Afya (NASDAQ:AFYA) from Neutral to Overweight and lowers the price target from $21 to $19.
Keybanc analyst Salvator Tiano upgrades Corteva (NYSE:CTVA) from Sector Weight to Overweight and announces $17 price target.
Corteva (CTVA) surged 12% following a JPMorgan upgrade to Overweight with a $19 price target, implying 37% upside. The rally was fueled by the company's separation from Vylor and its inclusion in the S&P MidCap 400. Trading at 5.7x 2027 EBITDA, Corteva is positioned as a deep-value opportunity in crop protection, though legal liabilities from PFAS/PFOA concerns remain a risk factor.
Corteva stock surged 12.99% following JPMorgan's upgrade to overweight with a $19 price target, implying 53.3% upside from the previous closing price of $12.39. The upgrade comes after Corteva's October spinoff of its advanced seed and genetics business, with JPMorgan believing the company is now undervalued. The crop protection segment has shown strong growth, with over $1 billion in sales increases and 250 basis points of margin expansion from 2020-2025.
Wall Street analysts revised targets: upgrades for NetApp and Humana; downgrades for PJT Partners; mixed target changes for Redwood, Marvell, Yum and S&P