Uber, Honeywell And Other Industrials Stocks From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Analysts from Stifel, Goldman Sachs, RBC Capital, UBS, Oppenheimer, Roth MKM, JP Morgan, and Raymond James have provided updates on industrial stocks Caterpillar Inc. (CAT), Honeywell International Inc. (HON), Uber Technologies, Inc. (UBER), and United Parcel Service, Inc. (UPS). The updates include changes in price targets and ratings, reflecting various expectations for stock performance. Notably, Honeywell is acquiring Carrier Global’s Global Access Solutions for $4.95 billion, and Uber has partnered with Tesla to offer discounted electric cars to its drivers.
December 29, 2023 | 1:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Analysts from Stifel and Goldman Sachs have updated their price targets for Caterpillar Inc. (CAT), with mixed views on the stock's direction. Stifel sees a 1% downside, while Goldman Sachs forecasts an 8% fall.
The mixed analyst ratings, with both predicting a potential decline, suggest a negative short-term impact on CAT's stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Honeywell International Inc. (HON) has been rated by RBC Capital and UBS, with RBC seeing a slight growth and UBS predicting a 14% decrease. Honeywell is also acquiring Carrier Global’s Global Access Solutions for $4.95 billion.
The acquisition news could be positive, but the mixed analyst ratings create uncertainty, leading to a neutral short-term impact on HON's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
United Parcel Service, Inc. (UPS) has been rated by JP Morgan and Raymond James, with JP Morgan seeing a slight decline and Raymond James forecasting a 27% upside. UPS reported a revenue decline in Q3.
Despite the revenue decline, the strong upside potential from Raymond James could balance the negative view from JP Morgan, resulting in a neutral short-term impact on UPS's stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Uber Technologies, Inc. (UBER) received positive ratings from Oppenheimer and Roth MKM, with Oppenheimer seeing a 19% upside. Uber also partnered with Tesla to offer discounts to its drivers.
The positive analyst ratings and the strategic partnership with Tesla suggest a likely short-term uptrend for UBER's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90