Constellation Brands To Rally Over 16%? Here Are 10 Other Analyst Forecasts For Wednesday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Wednesday, with notable changes in price targets and ratings for multiple companies. TD Cowen raised the price target for Constellation Brands, Inc. (STZ) from $240 to $300 and upgraded the stock from Market Perform to Outperform. Citigroup increased Plains All American Pipeline, L.P. (PAA) price target from $14 to $15.5 but downgraded the stock from Buy to Neutral. Morgan Stanley cut the price target for Stem, Inc. (STEM) from $12 to $8 and downgraded the stock from Overweight to Equal-Weight. Other companies with revised forecasts include Block, Inc. (SQ), AeroVironment, Inc. (AVAV), Olin Corporation (OLN), Adecoagro S.A. (AGRO), Viper Energy Partners LP (VNOM), Zscaler, Inc. (ZS), Jefferies Financial Group Inc. (JEF), and CME Group Inc. (CME).

September 06, 2023 | 12:06 pm
News sentiment analysis
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NEGATIVE IMPACT
UBS cut the price target for Block, Inc. from $102 to $65 and downgraded the stock from Buy to Neutral.
The downgrade in rating and decrease in price target by UBS indicates a negative outlook for SQ, which could lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley cut the price target for Stem, Inc. from $12 to $8 and downgraded the stock from Overweight to Equal-Weight.
The downgrade in rating and decrease in price target by Morgan Stanley indicates a negative outlook for STEM, which could lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Citigroup increased Plains All American Pipeline, L.P. price target from $14 to $15.5 but downgraded the stock from Buy to Neutral.
While Citigroup has increased the price target for PAA, the downgrade from Buy to Neutral suggests a more cautious outlook, which could lead to a neutral impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
TD Cowen raised the price target for Constellation Brands, Inc. from $240 to $300 and upgraded the stock from Market Perform to Outperform.
The upgrade in rating and increase in price target by TD Cowen indicates a positive outlook for STZ, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100