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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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
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
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