Broadcom To Rally More Than 23%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Lisa Levin
Top Wall Street analysts have updated their price targets and ratings for several companies. Keybanc raised Broadcom Inc.'s (AVGO) target to $1,200 with an Overweight rating. Deutsche Bank upgraded HUTCHMED (HCM) to Buy, increasing the target to $22.1. Needham maintained a Buy on Allot Ltd. (ALLT) but reduced the target to $2.5. Citigroup downgraded LexinFintech (LX) to Neutral, cutting the target to $2.12. Morgan Stanley maintained an Underweight on American Eagle (AEO), lowering the target to $13. Oppenheimer kept an Outperform on Ashford Inc. (AINC) but reduced the target to $14. Morgan Stanley maintained an Equal-Weight on Robinhood (HOOD), with a target cut to $11. B of A Securities downgraded CEMIG (CIG) to Neutral, reducing the target to $2.6. Morgan Stanley downgraded Urban Outfitters (URBN) to Equal-Weight, with a target cut to $36. HSBC raised Linde plc's (LIN) target to $447, maintaining a Buy rating.
November 24, 2023 | 2:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Morgan Stanley maintained an Underweight rating on American Eagle and lowered the price target from $14 to $13.
The continued Underweight rating and decreased price target by Morgan Stanley suggest a negative outlook, which could lead to a short-term drop in American Eagle's stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
B of A Securities downgraded CEMIG to Neutral and cut the price target from $3.2 to $2.6.
The downgrade to Neutral and the reduction in price target by B of A Securities could dampen investor enthusiasm, potentially leading to a short-term decrease in CEMIG's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Citigroup downgraded LexinFintech to Neutral and cut the price target from $3.86 to $2.12.
The downgrade to Neutral and reduced price target by Citigroup could negatively affect investor sentiment, likely leading to a short-term decline in LexinFintech's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley downgraded Urban Outfitters to Equal-Weight and reduced the price target from $42 to $36.
The downgrade to Equal-Weight and lowered price target by Morgan Stanley suggest a less optimistic view, which could lead to a short-term decline in Urban Outfitters' stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Oppenheimer kept an Outperform rating on Ashford Inc. but slashed the price target from $17 to $14.
Although the price target was reduced, the Outperform rating by Oppenheimer could sustain investor interest, leading to a neutral short-term impact on Ashford Inc.'s stock.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
NEUTRAL IMPACT
Needham maintained a Buy rating on Allot Ltd. but slashed the price target from $4 to $2.5.
Despite the Buy rating, the significant reduction in price target by Needham could create uncertainty, potentially leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Morgan Stanley maintained an Equal-Weight rating on Robinhood and lowered the price target from $12 to $11.
The Equal-Weight rating and slight target reduction by Morgan Stanley indicate a stable yet cautious outlook, likely resulting in a neutral short-term impact on Robinhood's stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Keybanc raised Broadcom Inc.'s price target from $1,000 to $1,200 and maintained an Overweight rating.
The increase in price target by Keybanc suggests a positive outlook for Broadcom, which could lead to a short-term rally in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Deutsche Bank upgraded HUTCHMED to Buy and increased the price target from $20 to $22.1.
The upgrade to Buy and the raised price target by Deutsche Bank could result in increased investor confidence and a short-term price increase for HUTCHMED.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
HSBC raised Linde plc's price target from $440 to $447 and maintained a Buy rating.
The increased price target and continued Buy rating by HSBC indicate a positive sentiment towards Linde, which could result in a short-term uptick in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85