NXP Semiconductors To Rally Over 19%? Here Are 10 Other Analyst Forecasts For Wednesday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released for Wednesday, with price target changes for Caribou Biosciences, Armstrong World Industries, Alphabet, General Electric, Spotify, Dover Corporation, NetApp, PulteGroup, NXP Semiconductors, Lulu's Fashion Lounge Holdings, and GATX Corporation. Most of the companies saw their price targets raised, with a few exceptions.
July 26, 2023 | 11:46 am
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POSITIVE IMPACT
UBS raised Armstrong World Industries' price target from $69 to $75, maintaining a Sell rating.
The price target increase could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird boosted Dover Corporation's price target from $170 to $174, maintaining an Outperform rating.
The price target increase could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Barclays boosted the price target for General Electric from $125 to $131, maintaining an Overweight rating.
The price target increase could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham raised the price target for Alphabet from $115 to $140, maintaining a Buy rating.
The price target increase could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley increased NetApp's price target from $60 to $74, upgrading the stock from Underweight to Equal-Weight.
The price target increase and stock upgrade could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Keybanc raised the price target for NXP Semiconductors from $225 to $260, maintaining an Overweight rating.
The price target increase could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BTIG raised PulteGroup's price target from $83 to $100, maintaining a Buy rating.
The price target increase could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs increased Spotify's price target from $156 to $163, maintaining a Neutral rating.
The price target increase could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TD Cowen raised GATX Corporation's price target from $135 to $137, downgrading the stock from Outperform to Market Perform.
The price target increase could potentially lead to a short-term increase in the stock price, but the stock downgrade could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
HC Wainwright & Co. cut the price target for Caribou Biosciences from $25 to $23, maintaining a Buy rating.
The price target cut could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Telsey Advisory Group cut Lulu's Fashion Lounge Holdings' price target from $4 to $3, downgrading the stock from Outperform to Market Perform.
The price target cut and stock downgrade could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100