Workday 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 Church & Dwight Co., Atmos Energy Corporation, Chewy, Inc., NIKE, Inc., Pure Storage, Inc., Okta, Inc., Intuit Inc., Workday, Inc., Ciena Corporation, Century Therapeutics, Inc., and American Homes 4 Rent. The changes ranged from upgrades to downgrades, with corresponding price target adjustments.

August 28, 2023 | 11:50 am
News sentiment analysis
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NEGATIVE IMPACT
Wells Fargo downgraded Atmos Energy Corporation from Overweight to Equal-Weight and cut the price target from $132 to $128.
The downgrade from Overweight to Equal-Weight and the decrease in price target by Wells Fargo indicates a less optimistic outlook for Atmos Energy Corporation, which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JP Morgan downgraded Century Therapeutics, Inc. from Overweight to Neutral and slashed the price target from $28 to $5.
The downgrade from Overweight to Neutral and the significant decrease in price target by JP Morgan indicates a less optimistic outlook for Century Therapeutics, Inc., which could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Raymond James maintained an Outperform rating for Chewy, Inc. but cut the price target from $36 to $33.
Despite the cut in price target, Raymond James maintained an Outperform rating for Chewy, Inc., indicating a mixed outlook that could lead to neutral short-term movement in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Needham maintained a Buy rating for Ciena Corporation but cut the price target from $60 to $50.
Despite the cut in price target, Needham maintained a Buy rating for Ciena Corporation, indicating a mixed outlook that could lead to neutral short-term movement in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Stifel maintained a Buy rating for NIKE, Inc. but cut the price target from $143 to $135.
Despite the cut in price target, Stifel maintained a Buy rating for NIKE, Inc., indicating a mixed outlook that could lead to neutral short-term movement in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo maintained an Overweight rating for Okta, Inc. but cut the price target from $98 to $85.
Despite the cut in price target, Wells Fargo maintained an Overweight rating for Okta, Inc., indicating a mixed outlook that could lead to neutral short-term movement in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
B of A Securities maintained a Neutral rating for Pure Storage, Inc. but boosted the price target from $33 to $38.
Despite the boost in price target, B of A Securities maintained a Neutral rating for Pure Storage, Inc., indicating a mixed outlook that could lead to neutral short-term movement in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Raymond James maintained an Outperform rating for American Homes 4 Rent and boosted the price target from $36 to $40.
The maintenance of the Outperform rating and the increase in price target by Raymond James indicates a positive outlook for American Homes 4 Rent, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Truist Securities upgraded Church & Dwight Co. from Hold to Buy and raised the price target from $95 to $105.
The upgrade from Hold to Buy and the increase in price target by Truist Securities indicates a positive outlook for Church & Dwight Co., which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Citigroup maintained a Buy rating for Intuit Inc. and increased the price target from $495 to $565.
The maintenance of the Buy rating and the increase in price target by Citigroup indicates a positive outlook for Intuit Inc., which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bernstein maintained an Outperform rating for Workday, Inc. and boosted the price target from $275 to $284.
The maintenance of the Outperform rating and the increase in price target by Bernstein indicates a positive outlook for Workday, Inc., which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100