DraftKings To Rally Over 48%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Several Wall Street analysts have updated their outlooks on various stocks. Bank of America (BAC) and DraftKings (DKNG) had their price targets increased by Keefe, Bruyette & Woods and Needham respectively. The Clorox Company (CLX) also saw a price target increase from UBS. Fortinet (FTNT), Avient Corporation (AVNT), Nutrien Ltd. (NTR), SolarEdge Technologies (SEDG), Restaurant Brands International (QSR), Pioneer Natural Resources Company (PXD), and Arcutis Biotherapeutics (ARQT) all had their price targets cut by various analysts.
November 06, 2023 | 12:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Avient Corporation's price target was cut from $46 to $37 by Deutsche Bank, and the stock was downgraded from Buy to Hold.
The decrease in price target and downgrade in rating by Deutsche Bank could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Fortinet's price target was cut from $75 to $49 by HSBC, and the stock was downgraded from Buy to Hold.
The decrease in price target and downgrade in rating by HSBC could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Bank of America's price target was increased from $29 to $30 by Keefe, Bruyette & Woods, and the stock was upgraded from Underperform to Market Perform.
The increase in price target and upgrade in rating by a reputable analyst firm could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The Clorox Company's price target was increased from $124 to $132 by UBS, and the stock was upgraded from Sell to Neutral.
The increase in price target and upgrade in rating by UBS could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
DraftKings' price target was increased from $44 to $50 by Needham, maintaining a Buy rating.
The increase in price target and maintained Buy rating by Needham could lead to a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100