This Spotify Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Morgan Stanley analyst Craig Hettenbach initiated coverage on Tenet Healthcare Corporation THC with an Overweight rating and announced a price target of $165. Tenet Healthcare shares closed at $130.78 on Tuesday. See how other analysts view this stock.
China Renaissance analyst Yiwen Zhang initiated coverage on Spotify Technology S.A. SPOT with a Buy rating and announced a price target of $740. Spotify shares closed at $615.88 on Tuesday. See how other analysts view this stock.
William Blair analyst Jeff Schmitt initiated coverage on StoneX Group Inc. SNEX with an Outperform rating. StoneX Group shares closed at $81.61 on Tuesday. See how other analysts view this stock.
Wells Fargo analyst Anthony Trainor initiated coverage on Shake Shack Inc. SHAK with an Equal-Weight rating and announced a price target of $95. Shake Shack shares closed at $95.39 on Tuesday. See how other analysts view this stock.
Raymond James analyst Laura Prendergast initiated coverage on Erasca, Inc. ERAS with an Outperform rating and announced a price target of $5. Erasca shares closed at $1.48 on Tuesday. See how other analysts view this stock.