DraftKings To Rally Around 35%? Here Are 10 Other Analyst Forecasts For Tuesday
Portfolio Pulse from Lisa Levin
Several analysts have updated their price targets and ratings for various US-listed companies. American Airlines, IHS Holding, Nordson Corporation, Olin Corporation, Frequency Therapeutics, W. P. Carey, and NIKE have seen their price targets cut, while Flowserve Corporation, SiteOne Landscape Supply, DraftKings, and Wingstop have seen their price targets raised. The stocks' reactions to these updates varied, with some seeing their share prices fall and others rise.

September 26, 2023 | 12:13 pm
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NEGATIVE IMPACT
Berenberg cut the price target for American Airlines from $26 to $23, maintaining an Outperform rating. The shares fell 0.4% in pre-market trading.
The cut in price target by Berenberg could negatively impact the stock price in the short term as it indicates a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Baird cut the price target for Frequency Therapeutics from $4 to $0.5 and downgraded the stock from Outperform to Neutral. The shares fell 8.9% on Monday.
The significant price target cut and downgrade by Baird could have a strong negative impact on the stock price in the short term as it indicates a much lower valuation and less optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Barclays slashed IHS Holding's price target from $11.5 to $9.5, maintaining an Overweight rating. The shares rose 0.6% on Monday.
Despite the price target cut by Barclays, the shares rose, indicating that the market may not fully agree with the analyst's view.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Jefferies slashed the price target for Nordson Corporation from $260 to $240 and downgraded the stock from Buy to Hold. The shares fell 1.1% in pre-market trading.
The price target cut and downgrade by Jefferies could negatively impact the stock price in the short term as it indicates a lower valuation and less optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Raymond James cut NIKE's price target from $128 to $121, maintaining an Outperform rating. The shares fell 0.1% in pre-market trading.
The cut in price target by Raymond James could negatively impact the stock price in the short term as it indicates a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo lowered the price target for Olin Corporation from $65 to $50 and downgraded the stock from Overweight to Equal-Weight. The shares fell 1.6% in pre-market trading.
The price target cut and downgrade by Wells Fargo could negatively impact the stock price in the short term as it indicates a lower valuation and less optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
BMO Capital lowered W. P. Carey's price target from $75 to $60 and downgraded the stock from Outperform to Market Perform. The shares fell 1.4% in pre-market trading.
The price target cut and downgrade by BMO Capital could negatively impact the stock price in the short term as it indicates a lower valuation and less optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JP Morgan boosted DraftKings' price target from $26 to $37 and upgraded the stock from Neutral to Overweight. The shares fell 1.4% on Monday.
Despite the price target raise and upgrade by JP Morgan, the shares fell, indicating that the market may not fully agree with the analyst's view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jefferies raised Flowserve Corporation's price target from $40 to $50 and upgraded the stock from Hold to Buy. The shares rose 0.8% on Monday.
The price target raise and upgrade by Jefferies could positively impact the stock price in the short term as it indicates a higher valuation and more optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UBS boosted SiteOne Landscape Supply's price target from $145 to $200 and upgraded the stock from Neutral to Buy. The shares rose 1.5% on Monday.
The price target raise and upgrade by UBS could positively impact the stock price in the short term as it indicates a higher valuation and more optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Stifel increased Wingstop's price target from $180 to $200 and upgraded the stock from Hold to Buy. The shares rose 2.5% on Monday.
The price target raise and upgrade by Stifel could positively impact the stock price in the short term as it indicates a higher valuation and more optimistic outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100