Walgreens To Rally Around 42%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several Wall Street analysts have updated their outlooks on various stocks. Alcoa Corporation (AA) and EOG Resources, Inc. (EOG) saw price target cuts and downgrades from B of A Securities and Citigroup respectively. Edison International (EIX) had its price target lowered by Evercore ISI Group but was upgraded to Outperform. McDonald's Corporation (MCD) and Salesforce, Inc. (CRM) had their price targets slashed by Barclays and Piper Sandler respectively. Walgreens Boots Alliance, Inc. (WBA) and Pinterest, Inc. (PINS) saw price target increases and upgrades from JP Morgan and Stifel respectively. LivaNova PLC (LIVN), MongoDB, Inc. (MDB), and RingCentral, Inc. (RNG) had their price targets cut by Needham, Keybanc, and Rosenblatt respectively.
October 23, 2023 | 11:47 am
News sentiment analysis
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NEGATIVE IMPACT
Alcoa Corporation's price target was cut from $35 to $25 and the stock was downgraded from Buy to Neutral by B of A Securities.
The downgrade and price target cut by B of A Securities could negatively impact Alcoa Corporation's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Salesforce, Inc.'s price target was cut from $268 to $232 and the stock was downgraded from Overweight to Neutral by Piper Sandler.
The downgrade and price target cut by Piper Sandler could negatively impact Salesforce, Inc.'s stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
EOG Resources, Inc.'s price target was slashed from $144 to $135 and the stock was downgraded from Buy to Neutral by Citigroup.
The downgrade and price target cut by Citigroup could negatively impact EOG Resources, Inc.'s stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
LivaNova PLC's price target was cut from $71 to $62 by Needham, but the analyst maintained a Buy rating.
The price target cut by Needham could negatively impact LivaNova PLC's stock in the short term, despite the maintained Buy rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
McDonald's Corporation's price target was slashed from $345 to $315 by Barclays, but the analyst maintained an Overweight rating.
The price target cut by Barclays could negatively impact McDonald's Corporation's stock in the short term, despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MongoDB, Inc.'s price target was slashed from $495 to $440 by Keybanc, but the analyst maintained an Overweight rating.
The price target cut by Keybanc could negatively impact MongoDB, Inc.'s stock in the short term, despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
RingCentral, Inc.'s price target was cut from $52 to $35 and the stock was downgraded from Buy to Neutral by Rosenblatt.
The downgrade and price target cut by Rosenblatt could negatively impact RingCentral, Inc.'s stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Edison International's price target was lowered from $74 to $68 by Evercore ISI Group, but the stock was upgraded from In-Line to Outperform.
The price target cut by Evercore ISI Group could have a negative impact on Edison International's stock, but the upgrade to Outperform could offset this.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Pinterest, Inc.'s price target was boosted from $27 to $32 and the stock was upgraded from Hold to Buy by Stifel.
The upgrade and price target boost by Stifel could positively impact Pinterest, Inc.'s stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Walgreens Boots Alliance, Inc.'s price target was increased from $27 to $30 and the stock was upgraded from Neutral to Overweight by JP Morgan.
The upgrade and price target increase by JP Morgan could positively impact Walgreens Boots Alliance, Inc.'s stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100