PVH To Rally Around 11%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies. BTIG raised Velocity Financial's target from $14 to $17 with a Buy rating. Citigroup increased Adobe's target from $610 to $675, maintaining a Neutral rating. Oppenheimer lowered Achieve Life Sciences' target from $21 to $18 but kept an Outperform rating. Needham raised Semrush's target from $13 to $15 with a Buy rating. Barclays downgraded Airbnb from Equal-Weight to Underweight, reducing the target from $135 to $100. RBC Capital upgraded Amgen from Sector Perform to Outperform, raising the target from $256 to $300. Morgan Stanley downgraded GoPro from Equal-Weight to Underweight, cutting the target from $4 to $3. The same analyst upgraded HP from Equal-Weight to Overweight, increasing the target from $31 to $35. Piper Sandler maintained an Overweight rating on Oracle but reduced the target from $130 to $125. Telsey Advisory Group raised PVH Corp's target from $111 to $122 with an Outperform rating.
December 12, 2023 | 1:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Barclays downgraded Airbnb from Equal-Weight to Underweight, reducing the target from $135 to $100.
A downgrade and a significant target price reduction could lead to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Oppenheimer cut Achieve Life Sciences' price target from $21 to $18 but maintained an Outperform rating.
A reduced price target could negatively impact the stock, despite the Outperform rating.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
Morgan Stanley downgraded GoPro from Equal-Weight to Underweight, cutting the target from $4 to $3.
A downgrade and lower price target indicate a bearish view and potential decline in the stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Citigroup increased Adobe's price target from $610 to $675, maintaining a Neutral rating.
A higher price target is positive, but the Neutral rating indicates no clear short-term direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Piper Sandler maintained an Overweight rating on Oracle but reduced the target from $130 to $125.
While the Overweight rating is positive, the reduced target price could create mixed signals for investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
RBC Capital upgraded Amgen from Sector Perform to Outperform, raising the target from $256 to $300.
An upgrade to Outperform and a higher price target suggest strong confidence in the company's prospects.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley upgraded HP from Equal-Weight to Overweight, increasing the target from $31 to $35.
The upgrade to Overweight and a raised target price suggest a positive outlook for HP's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Telsey Advisory Group raised PVH Corp's price target from $111 to $122 with an Outperform rating.
An increased price target and an Outperform rating indicate a bullish stance and potential for stock growth.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Needham raised Semrush's price target from $13 to $15 with a Buy rating.
An increased price target and Buy rating indicate a positive outlook and potential stock appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
BTIG raised Velocity Financial's price target from $14 to $17 and maintained a Buy rating.
An increased price target and maintained Buy rating suggest positive sentiment and potential upside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90