Marvell Technology To Rally Around 18%? Here Are 10 Other Analyst Forecasts For Wednesday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Wednesday, with price target changes for Canadian Solar, The Williams Companies, Coty, Macy's, BJ's Wholesale Club, Urban Outfitters, Fortive Corporation, Marvell Technology, Nordson Corporation, Baidu, and Citigroup. The changes ranged from reductions to increases, with the most significant being a $20 decrease for Canadian Solar and a $10 decrease for Macy's.
August 23, 2023 | 1:15 pm
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NEGATIVE IMPACT
B of A Securities cut Baidu's price target from $228 to $222, maintaining a Buy rating.
The reduction in the price target by B of A Securities could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UBS cut BJ's Wholesale Club's price target from $83 to $81, maintaining a Buy rating.
The slight reduction in the price target by UBS could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo cut Citigroup's price target from $60 to $55, maintaining an Overweight rating.
The reduction in the price target by Wells Fargo could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo cut the price target for Coty from $12 to $11, maintaining an Equal-Weight rating.
The reduction in the price target by Wells Fargo could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Roth MKM lowered the price target for Canadian Solar from $70 to $50, maintaining a Buy rating.
The significant reduction in the price target by Roth MKM could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs cut the price target for Macy's from $23 to $17, maintaining a Buy rating.
The significant reduction in the price target by Goldman Sachs could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TD Cowen increased Fortive Corporation's price target from $70 to $72, maintaining a Market Perform rating.
The slight increase in the price target by TD Cowen could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Susquehanna increased Marvell Technology's price target from $60 to $70, maintaining a Positive rating.
The significant increase in the price target by Susquehanna could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Baird boosted Nordson Corporation's price target from $251 to $253, maintaining an Outperform rating.
The slight increase in the price target by Baird could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
BMO Capital raised Urban Outfitters' price target from $31 to $35, maintaining a Market Perform rating.
The increase in the price target by BMO Capital could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Mizuho boosted The Williams Companies' price target from $40 to $41, maintaining a Buy rating.
The slight increase in the price target by Mizuho could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100