This Spotify Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday – Shake Shack (NYSE:SHAK), Erasca (NASDAQ:ERAS)

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.

Considering buying SPOT stock? Here’s what analysts think:

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