Tesla To Rally Around 38%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several companies. Paychex had its target cut by TD Cowen and was downgraded to Market Perform. Barclays raised Carnival's target and maintained an Overweight rating. Jefferies increased Cerevel's target but downgraded the stock to Hold. Deutsche Bank lowered NIKE's target but kept a Buy rating. HC Wainwright raised Alpine Immune Sciences' target and maintained a Buy rating. Wedbush increased Tesla's target and maintained an Outperform rating. Stifel raised Cintas' target and maintained a Hold rating. Needham raised Teledyne Technologies' target and maintained a Buy rating. Citigroup raised Citizens Financial's target and maintained a Neutral rating. B of A Securities slightly lowered Duke Energy's target but maintained a Buy rating.
December 22, 2023 | 12:33 pm
News sentiment analysis
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POSITIVE IMPACT
HC Wainwright raised Alpine Immune Sciences' price target from $17 to $32 and maintained a Buy rating.
A significant price target increase and a maintained Buy rating are likely to be taken positively by the market, suggesting a short-term price rise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Barclays raised Carnival's price target from $22 to $24 and maintained an Overweight rating.
An increased price target and maintained Overweight rating could lead to positive investor sentiment and a potential short-term price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Needham raised Teledyne Technologies' price target from $455 to $522 and maintained a Buy rating.
The increased price target and sustained Buy rating could lead to positive market sentiment and a possible short-term price uptick.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Wedbush increased Tesla's price target from $310 to $350 and maintained an Outperform rating.
The price target hike and continued Outperform rating by Wedbush are likely to boost investor confidence, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEUTRAL IMPACT
Jefferies raised Cerevel's price target from $40 to $45 but downgraded the stock from Buy to Hold.
The mixed message of a higher price target but a downgrade to Hold may create uncertainty, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Citigroup increased Citizens Financial's price target from $30 to $34 and maintained a Neutral rating.
While the price target increase is positive, the Neutral rating indicates that the short-term impact on the stock price may be muted.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Stifel raised Cintas' price target from $526 to $585 and maintained a Hold rating.
The price target increase could be seen as positive, but the Hold rating suggests that the short-term impact on the stock price may be limited.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 65
NEUTRAL IMPACT
B of A Securities slightly lowered Duke Energy's price target from $104 to $103 but maintained a Buy rating.
The minor price target reduction is unlikely to have a significant impact, especially with the Buy rating still in place, suggesting a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
NEUTRAL IMPACT
Deutsche Bank lowered NIKE's price target from $132 to $128 but maintained a Buy rating.
A slight price target decrease may be offset by the maintained Buy rating, suggesting a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
TD Cowen downgraded Paychex to Market Perform and cut the price target from $132 to $123.
A downgrade and price target cut typically lead to negative investor sentiment and could result in a short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90