Marathon Oil To Rally Around 70%? Here Are 10 Other Analyst Forecasts For Thursday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Thursday, with notable changes in price targets and ratings for various companies. MetLife, Frontier Group Holdings, Cadence Design Systems, Darden Restaurants, Arco Platform, IBEX, Carrier Global, The J. M. Smucker Company, Arista Networks, Marathon Oil Corporation, and First Bancorp were all mentioned.
September 14, 2023 | 12:07 pm
News sentiment analysis
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NEGATIVE IMPACT
JP Morgan downgraded Arco Platform from Overweight to Neutral and lowered the price target from $17 to $14.
The downgrade from Overweight to Neutral and the decrease in price target by JP Morgan could lead to a negative short term impact on Arco Platform's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Mizuho downgraded Carrier Global from Buy to Neutral and slashed the price target from $63 to $61.
The downgrade from Buy to Neutral and the decrease in price target by Mizuho could lead to a negative short term impact on Carrier Global's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
RBC Capital downgraded IBEX from Outperform to Sector Perform and cut the price target from $27 to $18.
The downgrade from Outperform to Sector Perform and the decrease in price target by RBC Capital could lead to a negative short term impact on IBEX's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
B of A Securities downgraded The J. M. Smucker Company from Buy to Neutral and cut the price target from $170 to $145.
The downgrade from Buy to Neutral and the decrease in price target by B of A Securities could lead to a negative short term impact on The J. M. Smucker Company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TD Cowen downgraded Frontier Group Holdings from Outperform to Market Perform and slashed the price target from $12 to $8.
The downgrade from Outperform to Market Perform and the decrease in price target by TD Cowen could lead to a negative short term impact on Frontier Group Holdings' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Keybanc maintained an Overweight rating for Darden Restaurants and cut the price target from $185 to $175.
The maintained Overweight rating by Keybanc could have a positive impact on Darden Restaurants' stock, but the decrease in price target could offset this, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rosenblatt maintained a Buy rating for Arista Networks and increased the price target from $190 to $230.
The maintained Buy rating and the increase in price target by Rosenblatt could lead to a positive short term impact on Arista Networks' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Keybanc maintained an Overweight rating for Cadence Design Systems and raised the price target from $270 to $290.
The maintained Overweight rating and the increase in price target by Keybanc could lead to a positive short term impact on Cadence Design Systems' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DA Davidson upgraded First Bancorp from Neutral to Buy and cut the price target from $36.5 to $34.
The upgrade from Neutral to Buy by DA Davidson could have a positive impact on First Bancorp's stock, but the decrease in price target could offset this, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jefferies upgraded MetLife from Hold to Buy and raised the price target from $58 to $72.
The upgrade from Hold to Buy and the increase in price target by Jefferies could lead to a positive short term impact on MetLife's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Raymond James maintained a Strong Buy rating for Marathon Oil Corporation and increased the price target from $40 to $45.
The maintained Strong Buy rating and the increase in price target by Raymond James could lead to a positive short term impact on Marathon Oil Corporation's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100