Evercore ISI Upgrades Shopify (TSE:SHO) to “Strong-Buy”

Evercore ISI upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a report issued on Thursday morning, Zacks.com reports.

SHO has been the topic of several other research reports. Wolfe Research upgraded shares of Shopify to a strong-buy rating in a report on Tuesday, July 16th. Piper Sandler raised Shopify from a strong sell rating to a hold rating in a research note on Thursday, May 9th. JMP Securities upgraded Shopify from a hold rating to a strong-buy rating in a research note on Thursday, May 9th. Moffett Nathanson downgraded shares of Shopify from a strong-buy rating to a hold rating in a research note on Thursday, June 6th. Finally, Atb Cap Markets upgraded Shopify from a sector perform rating to an outperform rating in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Shopify has an average rating of Buy.

Shopify Stock Performance

About Shopify

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.