Sherwin-Williams, Glacier Bancorp And A Big US Bank On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' Brian Belski of BMO Capital Markets recommended Glacier Bancorp (GBCI), which was maintained with a Hold rating and had its price target raised by Truist Securities. Jim Lebenthal chose Citigroup (C), which is expected to cut 10% of its senior staff. Stephanie Link selected Sherwin-Williams (SHW), which was maintained with a Buy rating and had its price target increased by Goldman Sachs. GBCI shares rose 1.4%, C shares fell 0.8%, and SHW shares gained 1% in the last trading session.
December 18, 2023 | 1:38 pm
News sentiment analysis
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NEGATIVE IMPACT
Citigroup was selected as a final trade on CNBC, amidst news of an expected 10% cut in its senior staff, and shares fell 0.8%.
The expected staff cuts could be viewed negatively by the market due to potential disruptions and costs associated with restructuring, which may have contributed to the share price decline.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Glacier Bancorp was recommended on CNBC with a raised price target from $32 to $45 by Truist Securities, and shares rose 1.4%.
The positive recommendation and raised price target by Truist Securities, coupled with the recent share price increase, suggest a bullish sentiment in the short term for GBCI.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Sherwin-Williams was picked on CNBC with a Buy rating and increased price target from $295 to $335 by Goldman Sachs, and shares gained 1%.
The Buy rating and raised price target by Goldman Sachs indicate a positive outlook for SHW, which is reflected in the recent share price gain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80