JPMorgan To Rally Over 29%? Here Are Top 10 Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Top Wall Street analysts have updated their outlooks on several major companies. Morgan Stanley raised JPMorgan Chase's price target from $187 to $191 and maintained an Overweight rating. Apple's price target was reduced from $215 to $210 by Morgan Stanley, which also maintained an Overweight rating. Lennox International, Microsoft, Trinity Industries, and Check Point Software Technologies also saw price target increases, while Pfizer, Colgate-Palmolive, Plug Power, and KB Home had their price targets cut.
October 16, 2023 | 1:27 pm
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POSITIVE IMPACT
Morgan Stanley raised Check Point Software Technologies' price target from $118 to $144 and upgraded the stock from Underweight to Equal-Weight.
The raised price target and upgrade to Equal-Weight suggest that analysts expect Check Point Software Technologies' stock to perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley raised JPMorgan Chase's price target from $187 to $191 and maintained an Overweight rating.
The raised price target and Overweight rating suggest that analysts expect JPMorgan Chase's stock to perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Keybanc raised Lennox International's price target from $400 to $415 and maintained an Overweight rating.
The raised price target and Overweight rating suggest that analysts expect Lennox International's stock to perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Rosenblatt increased Microsoft's price target from $360 to $370 and maintained a Buy rating.
The increased price target and Buy rating suggest that analysts expect Microsoft's stock to perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Susquehanna increased Trinity Industries' price target from $29 to $32 and upgraded the stock from Neutral to Positive.
The increased price target and upgrade to Positive suggest that analysts expect Trinity Industries' stock to perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Stifel cut Colgate-Palmolive's price target from $85 to $81, but upgraded the stock from Hold to Buy.
The reduced price target could negatively impact Colgate-Palmolive's stock in the short term, but the upgrade to Buy suggests that analysts view the stock positively overall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley cut Apple's price target from $215 to $210, but maintained an Overweight rating.
The reduced price target could negatively impact Apple's stock in the short term, although the maintained Overweight rating suggests that analysts still view the stock positively overall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs cut KB Home's price target from $54 to $48 and downgraded the stock from Buy to Neutral.
The reduced price target and downgrade to Neutral could negatively impact KB Home's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo cut Pfizer's price target from $39 to $35 and maintained an Equal-Weight rating.
The reduced price target could negatively impact Pfizer's stock in the short term, although the maintained Equal-Weight rating suggests that analysts view the stock neutrally overall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
HC Wainwright & Co. cut Plug Power's price target from $78 to $27, but maintained a Buy rating.
The significant reduction in price target could negatively impact Plug Power's stock in the short term, although the maintained Buy rating suggests that analysts still view the stock positively overall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100