Bank of America To Rally Around 28%? 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 companies. Antero Resources had its target cut by Raymond James, while Alpha and Omega Semiconductor received a boost from B. Riley Securities. Barclays downgraded Apple and raised its target for Morgan Stanley and Bank of America. Jefferies upgraded Park Hotels & Resorts, Piper Sandler downgraded Unity Software, Wells Fargo raised Expedia's target, Cantor Fitzgerald upgraded Sprout Social, and Stephens & Co. increased Chipotle's target.
January 02, 2024 | 12:23 pm
News sentiment analysis
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NEGATIVE IMPACT
Barclays downgraded Apple from Equal-Weight to Underweight and cut the price target from $161 to $160.
The downgrade and slight price target reduction by Barclays could negatively impact Apple's stock in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Raymond James cut Antero Resources' price target from $37 to $28 but maintained a Strong Buy rating.
The price target cut could lead to a negative perception among investors, potentially causing short-term price decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Piper Sandler downgraded Unity Software from Neutral to Underweight and raised the price target from $20 to $35.
The downgrade could overshadow the price target increase, potentially leading to a negative short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
B. Riley Securities raised Alpha and Omega Semiconductor's price target from $28 to $34 and upgraded the stock to Buy.
The price target increase and stock upgrade could lead to positive investor sentiment and a potential short-term price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Barclays increased Bank of America's price target from $39 to $43 and maintained an Overweight rating.
The increased price target and positive rating from Barclays could lead to bullish sentiment and a potential rise in Bank of America's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Stephens & Co. increased Chipotle's price target from $2,330 to $2,800 and maintained an Overweight rating.
The raised price target and continued Overweight rating could lead to a positive investor outlook and a potential increase in Chipotle's stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Wells Fargo upgraded Expedia from Underweight to Equal-Weight and raised the price target from $91 to $159.
The upgrade and significant price target increase by Wells Fargo could lead to increased investor confidence and a rise in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Barclays raised Morgan Stanley's price target from $102 to $116 and maintained an Overweight rating.
The increased price target and maintained Overweight rating could result in a positive short-term impact on Morgan Stanley's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Jefferies upgraded Park Hotels & Resorts from Hold to Buy and increased the price target from $14 to $21.
The upgrade and target raise by Jefferies may lead to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cantor Fitzgerald upgraded Sprout Social from Neutral to Overweight and raised the price target from $48 to $74.
The upgrade to Overweight and raised target price suggest a strong positive outlook, which could positively influence the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80