Intel To Rally Over 23%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Lisa Levin
Wall Street analysts have updated their price targets and ratings for several companies. Mizuho raised Intel's target from $37 to $50 and upgraded it to Buy, causing a 3% gain in shares. Other companies like Global-e Online, Target, and Catalent saw target increases, while Alcon, ZIM Integrated Shipping, Advance Auto Parts, Plug Power, and Li-Cycle Holdings faced target cuts and downgrades. Pre-market trading reflected these changes with varying stock price movements.
November 16, 2023 | 1:07 pm
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NEGATIVE IMPACT
B of A Securities lowered Advance Auto Parts' price target from $60 to $43 and downgraded the stock to Underperform, with shares falling 1.9% in pre-market trading.
The downgrade to Underperform and a reduced price target are strong negative indicators, likely leading to a bearish short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Needham reduced Alcon's price target from $98 to $86 but kept a Buy rating, with shares dropping 0.5% in pre-market trading.
The price target reduction could dampen investor sentiment despite the maintained Buy rating, leading to a negative short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
UBS downgraded Li-Cycle Holdings from Buy to Neutral and drastically cut the price target from $9 to $0.75, with shares slightly down in pre-market trading.
The severe price target cut and downgrade to Neutral by UBS suggest a very bearish outlook, which is likely to heavily weigh on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Citigroup downgraded Plug Power from Buy to Neutral and cut the price target from $12.5 to $5, with shares dropping 4.4% in pre-market trading.
The downgrade and significant price target reduction are likely to have a strong negative impact on investor sentiment and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Jefferies slashed ZIM Integrated Shipping's price target from $11 to $8 and kept a Hold rating, with shares falling 1.5% in pre-market trading.
A significant price target cut and a Hold rating suggest a bearish outlook, likely contributing to the negative short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Raymond James lowered Global-e Online's price target from $45 to $41 but maintained an Outperform rating, with shares rising 1.1% in pre-market trading.
Despite the price target cut, the maintenance of an Outperform rating and the pre-market share rise suggest a neutral to slightly positive short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Telsey Advisory Group increased Target's price target from $145 to $160 and maintained an Outperform rating, though shares fell 0.7% in pre-market trading.
The price target increase is positive, but the pre-market share decline indicates a neutral short-term impact, possibly due to broader market conditions.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Baird raised Catalent's price target from $45 to $53 and upgraded the stock to Outperform, with shares rising 1.8% in pre-market trading.
The upgrade to Outperform and the price target increase are likely to positively influence investor sentiment, contributing to a short-term rise in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs upgraded Installed Building Products to Buy from Neutral and raised the price target from $146 to $178, despite a 1.3% decline in shares.
The upgrade and price target increase by Goldman Sachs are positive signals, but the share decline may indicate a lag in market reaction, suggesting a potential short-term upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Mizuho upgraded Intel's rating to Buy and raised the price target from $37 to $50, resulting in a 3% gain in shares.
The upgrade by Mizuho to a Buy rating and the significant increase in price target are strong positive signals, likely leading to increased investor confidence and a short-term boost in stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90