Six Flags Entertainment To Rally Around 35%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Lisa Levin
Wall Street analysts have updated their price targets and ratings for several companies. Jefferies raised Dorian LPG Ltd.'s target and upgraded the stock, while JP Morgan cut Compass Minerals' target but upgraded the rating. B. Riley Securities downgraded The Children's Place with a lower target. Jefferies upgraded Six Flags Entertainment with a higher target, predicting a 35% rally. UBS downgraded Energizer Holdings with a reduced target. Morgan Stanley downgraded Chegg with a lower target. Raymond James maintained a strong buy on Skyward Specialty Insurance with an increased target. B of A Securities downgraded SSR Mining with a lower target. HC Wainwright maintained a buy on Electra Battery Materials despite a target cut. Goldman Sachs downgraded Ryan Specialty Holdings with a reduced target.
November 20, 2023 | 1:07 pm
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NEGATIVE IMPACT
Morgan Stanley downgraded Chegg, Inc. from Equal-Weight to Underweight and cut the price target from $10 to $9.
The downgrade to Underweight and reduced price target by Morgan Stanley may lead to negative market sentiment and a potential decline in Chegg's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
B. Riley Securities slashed The Children's Place, Inc.'s price target from $45 to $19 and downgraded the stock from Buy to Neutral.
The substantial price target reduction and downgrade to Neutral by B. Riley Securities could lead to a negative investor sentiment and a possible decrease in stock price in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
B of A Securities downgraded SSR Mining Inc. from Buy to Underperform and lowered the price target from $17 to $12.5.
The downgrade to Underperform and significant price target cut by B of A Securities could result in bearish sentiment and a potential decrease in SSR Mining's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
JP Morgan cut Compass Minerals International's price target from $36 to $24 but upgraded the stock from Underweight to Neutral.
The price target cut may negatively affect the stock, but the upgrade from Underweight to Neutral might mitigate the impact, leading to a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
HC Wainwright & Co. cut Electra Battery Materials Corporation's price target from $2.5 to $1.6 but maintained a Buy rating.
Despite the price target cut, the maintained Buy rating by HC Wainwright & Co. could result in a mixed investor response, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
UBS downgraded Energizer Holdings, Inc. from Buy to Neutral and slashed the price target from $36 to $34.
The downgrade to Neutral and slight price target cut by UBS could lead to a subdued investor reaction, potentially resulting in a neutral short-term impact on the stock.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Goldman Sachs downgraded Ryan Specialty Holdings, Inc. from Buy to Neutral and cut the price target from $57 to $53.
The downgrade to Neutral and modest price target reduction by Goldman Sachs could lead to a cautious investor stance, likely resulting in a neutral short-term impact on the stock.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Jefferies raised Dorian LPG Ltd.'s price target from $37 to $50 and upgraded the stock from Hold to Buy.
The upgrade and significant price target increase by Jefferies could lead to increased investor confidence and a potential short-term price rise for Dorian LPG Ltd.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Jefferies increased Six Flags Entertainment Corporation's price target from $25 to $32 and upgraded the stock from Hold to Buy, indicating a potential 35% rally.
The upgrade to Buy and the raised price target suggest a strong bullish sentiment from Jefferies, which could significantly boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Raymond James maintained a Strong Buy rating on Skyward Specialty Insurance Group, Inc. and increased the price target from $30 to $36.
The maintained Strong Buy rating and increased price target by Raymond James could encourage investor optimism, potentially leading to a rise in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85