EnerSys To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies. Teleflex's target was raised by Raymond James, while Citigroup upgraded MacroGenics and increased its target. Stifel downgraded Lowe's but raised its target slightly. Wells Fargo upgraded Paramount Global and increased its target. Piper Sandler upgraded Newmark Group and raised its target. Citigroup downgraded Mirati Therapeutics but raised its target. HC Wainwright raised Marathon Digital's target and maintained a Buy rating. UBS downgraded Coupang and cut its target. Barclays lowered FedEx's target but kept an Overweight rating. Oppenheimer raised EnerSys's target and maintained an Outperform rating.
December 20, 2023 | 12:50 pm
News sentiment analysis
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NEGATIVE IMPACT
UBS downgraded Coupang from Buy to Neutral and cut the price target from $26 to $18.5.
The downgrade to Neutral and a lower price target could dampen investor sentiment, potentially leading to a short-term price decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Barclays lowered FedEx's price target from $330 to $310 but maintained an Overweight rating.
The reduced price target may reflect short-term concerns, but the Overweight rating indicates a positive long-term view, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Stifel downgraded Lowe's from Buy to Hold but raised the price target from $235 to $240.
The downgrade to Hold may temper investor enthusiasm despite the increased price target, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Citigroup downgraded Mirati Therapeutics from Buy to Neutral but increased the price target from $48 to $59.
The downgrade to Neutral may suggest caution, but the raised target could indicate underlying value, likely leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Oppenheimer raised EnerSys's price target from $110 to $116 and maintained an Outperform rating.
The increased price target and continued Outperform rating suggest a positive outlook, which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co. maintained a Buy rating on Marathon Digital and raised the price target from $20 to $24.
The maintained Buy rating and increased price target suggest confidence in the company's prospects, which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup upgraded MacroGenics from Neutral to Buy and increased the price target from $7 to $13.
An upgrade to Buy and a higher price target could drive investor interest and potentially increase the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler upgraded Newmark Group from Neutral to Overweight and raised the price target from $7 to $13.
The upgrade to Overweight and a significant increase in the price target could attract investors, potentially boosting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Wells Fargo upgraded Paramount Global from Underweight to Equal-Weight and increased the price target from $15 to $18.
The upgrade to Equal-Weight and a higher price target indicate a more positive stance that could lead to a short-term price rise.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Raymond James raised Teleflex's price target from $227 to $271 and maintained an Outperform rating.
The increase in price target and the maintenance of an Outperform rating suggest a positive outlook, which could lead to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80