Best Buy To Rally More Than 21%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Lisa Levin
Top Wall Street analysts have updated their outlooks on several stocks. Pioneer Natural Resources, Prelude Therapeutics, Graphic Packaging Holding, Fortinet, First Solar, Best Buy, Northern Trust, Netflix, United Airlines, and Stagwell have all seen changes in their price targets and ratings.
October 19, 2023 | 12:03 pm
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NEGATIVE IMPACT
Jefferies slashed Fortinet's price target from $85 to $65 and downgraded the stock from Buy to Hold.
The downgrade and price target cut by Jefferies could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo lowered Graphic Packaging Holding's price target from $26 to $19 and downgraded the stock from Overweight to Underweight.
The downgrade and price target cut by Wells Fargo could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo cut Northern Trust's price target from $90 to $71 and downgraded the stock from Overweight to Equal-Weight.
The downgrade and price target cut by Wells Fargo could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
HC Wainwright & Co. slashed Prelude Therapeutics' price target from $17 to $6 but maintained a Buy rating.
Despite maintaining a Buy rating, the significant price target cut by HC Wainwright & Co. could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TD Cowen cut Pioneer Natural Resources' price target from $280 to $256 and downgraded the stock from Outperform to Market Perform.
The downgrade and price target cut by TD Cowen could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Needham slashed Stagwell's price target from $10 to $6 but maintained a Buy rating.
Despite maintaining a Buy rating, the significant price target cut by Needham could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
JP Morgan cut First Solar's price target from $239 to $220 but upgraded the stock from Neutral to Overweight.
Despite the price target cut, the upgrade by JP Morgan could balance out any negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Rosenblatt increased Netflix's price target from $400 to $404 and maintained a Neutral rating.
The slight price target increase by Rosenblatt, despite maintaining a Neutral rating, could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Citigroup lowered United Airlines' price target from $76 to $71 but maintained a Buy rating.
Despite the price target cut, the maintained Buy rating by Citigroup could balance out any negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs increased Best Buy's price target from $79 to $85 and upgraded the stock from Neutral to Buy.
The upgrade and price target increase by Goldman Sachs could positively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100