FedEx To Rally Around 19%? Here Are 10 Other Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several analyst forecasts were released on Monday, with changes in price targets and ratings for multiple companies. Notable changes include JP Morgan raising the price target for The Progressive Corporation, Barclays cutting the price target for SolarEdge Technologies, and Susquehanna raising the price target for FedEx Corporation.
October 02, 2023 | 12:58 pm
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NEGATIVE IMPACT
Barclays cut the price target for SolarEdge Technologies from $274 to $152, downgrading the stock from Overweight to Equal-Weight.
The cut in price target and downgrade by Barclays indicates a negative outlook for SolarEdge Technologies, potentially leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Susquehanna raised the price target for FedEx Corporation from $225 to $315, upgrading the stock from Neutral to Positive.
The raised price target and upgrade by Susquehanna indicates a positive outlook for FedEx Corporation, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JP Morgan raised the price target for The Progressive Corporation from $146 to $149, maintaining an Overweight rating.
The raised price target and maintained Overweight rating by JP Morgan indicates a positive outlook for The Progressive Corporation, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100