Morningstar Upgrades Nine Stocks to Four-Star Ratings

Nine stocks have been upgraded to four-star ratings by Morningstar analysts this week. Among them, MercadoLibre (MELI), Merck (MKKGY), JD.com (JDM), WEC Energy Group (WEC), and Baidu (BIDU) are the largest-cap companies that made it to the list.

According to Morningstar's analysis, these stocks were undervalued at their current prices. Their fair value estimates range from $2,250 for MercadoLibre to $116 for WEC Energy Group. The uncertainty ratings vary from High to Low, indicating varying levels of confidence in the analysts' estimates.

The shares have all experienced changes over the past week, with MercadoLibre and JD.com experiencing losses, while Merck and Baidu dropped by around 5%. WEC Energy Group rose by 3.57% during the same period.