Wells Fargo To Rally Around 20%? Here Are 10 Other Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Monday, with price target changes for ACM Research, 89bio, The Interpublic Group of Companies, McCormick & Company, BioXcel Therapeutics, Wells Fargo & Company, Eton Pharmaceuticals, Paychex, CubeSmart, Copa Holdings, and International Flavors & Fragrances. Most of the companies saw their price targets increased, with a few exceptions.
July 03, 2023 | 12:24 pm
News sentiment analysis
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NEGATIVE IMPACT
HC Wainwright & Co. cut BioXcel Therapeutics' price target from $66 to $60, maintaining a Buy rating.
The price target cut by HC Wainwright & Co. could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Raymond James cut CubeSmart's price target from $55 to $53, maintaining an Outperform rating.
The price target cut by Raymond James could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
HC Wainwright & Co. cut Eton Pharmaceuticals' price target from $10 to $9, maintaining a Buy rating.
The price target cut by HC Wainwright & Co. could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley lowered International Flavors & Fragrances' price target from $122 to $112, maintaining an Overweight rating.
The price target cut by Morgan Stanley could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Barclays lowered Paychex's price target from $109 to $106, maintaining an Underweight rating.
The price target cut by Barclays could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Jefferies upgraded ACM Research from Underperform to Buy and increased the price target from $9 to $23.4.
The upgrade and price target increase by Jefferies could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Raymond James increased Copa Holdings' price target from $138 to $155, maintaining a Strong Buy rating.
The price target increase by Raymond James could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BTIG increased the price target for 89bio from $30 to $37, maintaining a Buy rating.
The price target increase by BTIG could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
B of A Securities increased the price target for The Interpublic Group of Companies from $40 to $44, maintaining a Buy rating.
The price target increase by B of A Securities could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Barclays increased McCormick & Company's price target from $77 to $85, maintaining an Equal-Weight rating.
The price target increase by Barclays could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Raymond James raised Wells Fargo & Company's price target from $48 to $51, maintaining a Strong Buy rating.
The price target increase by Raymond James could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100