Dell To Rally Over 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 companies. Barclays raised Brinker International's target, while Evercore ISI Group boosted Regions Financial's target but downgraded the stock. Jefferies upgraded GSK and raised its target. Baird increased Sherwin-Williams' target but downgraded the stock. Bernstein raised Dell's target and maintained an Outperform rating. Oppenheimer increased Grainger's target. Citigroup raised MercadoLibre's target. UBS boosted Rockwell Automation's target and upgraded the stock. Keefe, Bruyette & Woods raised KeyCorp's target. Wells Fargo cut Ambarella's target and downgraded the stock.
January 03, 2024 | 12:45 pm
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NEGATIVE IMPACT
Wells Fargo cut Ambarella's price target from $85 to $65 and downgraded the stock from Overweight to Equal-Weight. Shares fell 1.9% to close at $60.14.
The reduced price target and the downgrade to Equal-Weight are likely to have a negative short-term impact on Ambarella's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Barclays raised Brinker International's price target from $36 to $39 but maintained an Equal-Weight rating. Shares fell 2.6% to close at $42.07.
The price target increase is positive, but the stock's recent dip and the maintained Equal-Weight rating suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Evercore ISI Group raised Regions Financial's price target from $16.5 to $21 but downgraded the stock from Outperform to In-Line. Shares rose 0.6% to close at $19.50.
The price target hike is positive, but the downgrade to In-Line could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Baird raised Sherwin-Williams' price target from $270 to $300 but downgraded the stock from Outperform to Neutral. Shares fell 2.2% to close at $304.91.
The increased price target is a positive sign, but the downgrade to Neutral and the recent share price drop indicate a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Bernstein raised Dell's price target from $80 to $90 and maintained an Outperform rating. Shares fell 2.2% to close at $74.79.
The price target increase and the maintained Outperform rating are likely to have a positive short-term impact on Dell's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jefferies upgraded GSK from Hold to Buy and raised the price target from $38.5 to $48. Shares gained 1.2% to close at $37.51.
The upgrade to Buy and the significant price target increase suggest a positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oppenheimer raised Grainger's price target from $800 to $930 and maintained an Outperform rating. Shares fell 1.9% to close at $813.24.
Despite the recent dip in share price, the raised price target and Outperform rating suggest a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Keefe, Bruyette & Woods raised KeyCorp's price target from $15 to $17 and maintained an Outperform rating. Shares rose 1.5% to close at $14.61.
The price target increase and the maintained Outperform rating suggest a positive short-term impact on KeyCorp's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Citigroup increased MercadoLibre's price target from $1,550 to $1,900 and maintained a Buy rating. Shares fell 2.7% to close at $1,529.16.
The substantial price target increase and the maintained Buy rating indicate a positive short-term impact, despite the recent stock price decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UBS upgraded Rockwell Automation from Neutral to Buy and raised the price target from $305 to $360. Shares fell 1.3% to close at $306.38.
The upgrade to Buy and the increased price target are likely to positively influence Rockwell Automation's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80