Marathon Petroleum To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Lisa Levin
Top Wall Street analysts have updated their outlooks on several stocks. Shutterstock's price target was cut from $76 to $60 by Needham, but the stock gained 18.6% to close at $40.68. Marathon Petroleum's price target was increased from $171 to $175 by Raymond James, but the stock fell 0.2% to $151.01. Advanced Micro Devices' price target was slashed from $160 to $140 by Keybanc, and the stock fell 1.8% to $96.77. Sysco's price target was cut from $90 to $80 by Stephens & Co., but the stock gained 1.5% to close at $66.49. Paycom Software's price target was lowered from $399 to $185 by Piper Sandler, and the stock fell 36.5% to $155.65. The Progressive Corporation's price target was increased from $135 to $160 by Morgan Stanley, and the stock rose 0.3% to $158.55. ZoomInfo's price target was slashed from $30 to $17 by Goldman Sachs, and the stock fell 1.9% to $12.71. Transcat's price target was raised from $106 to $108 by HC Wainwright & Co., but the stock fell 3.5% to close at $90.02. Zebra Technologies' price target was cut from $285 to $255 by Needham, but the stock fell 0.2% to close at $209.43. Tenet Healthcare's price target was slashed from $95 to $90 by Raymond James, but the stock gained 0.9% to close at $53.70.

November 01, 2023 | 11:43 am
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NEGATIVE IMPACT
Keybanc slashed Advanced Micro Devices' price target from $160 to $140. The stock fell 1.8% to $96.77.
The price target cut by Keybanc may have contributed to the stock's decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Piper Sandler lowered Paycom Software's price target from $399 to $185. The stock fell 36.5% to $155.65.
The significant price target cut by Piper Sandler likely contributed to the stock's sharp decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
HC Wainwright & Co. raised Transcat's price target from $106 to $108. The stock fell 3.5% to close at $90.02.
Despite the price target increase, the stock fell. This suggests that the market may not fully agree with the analyst's view.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Needham cut Zebra Technologies' price target from $285 to $255. The stock fell 0.2% to close at $209.43.
The price target cut by Needham may have contributed to the stock's slight decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs slashed ZoomInfo's price target from $30 to $17. The stock fell 1.9% to $12.71.
The price target cut by Goldman Sachs likely contributed to the stock's decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Raymond James increased Marathon Petroleum's price target from $171 to $175. The stock fell 0.2% to $151.01.
Despite the price target increase, the stock fell slightly. This suggests that the market may not fully agree with the analyst's view.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Needham cut Shutterstock's price target from $76 to $60. The stock gained 18.6% to close at $40.68.
Despite the price target cut, the stock gained significantly. This suggests that the market may not fully agree with the analyst's view.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Stephens & Co. cut Sysco's price target from $90 to $80. The stock gained 1.5% to close at $66.49.
Despite the price target cut, the stock gained. This suggests that the market may not fully agree with the analyst's view.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Raymond James slashed Tenet Healthcare's price target from $95 to $90. The stock gained 0.9% to close at $53.70.
Despite the price target cut, the stock gained. This suggests that the market may not fully agree with the analyst's view.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley increased The Progressive Corporation's price target from $135 to $160. The stock rose 0.3% to $158.55.
The price target increase by Morgan Stanley may have contributed to the stock's slight gain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100