Urban Outfitters To Rally Around 14%? 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. Jefferies upgraded Anheuser-Busch (BUD) and raised its target. Telsey Advisory increased Urban Outfitters' (URBN) target, maintaining an Outperform rating. Goldman Sachs downgraded Etsy (ETSY) and cut its target. Mizuho raised EQT Corporation's (EQT) target, maintaining a Buy rating. Needham increased ACM Research's (ACMR) target, maintaining a Buy rating. RBC Capital upgraded Duke Energy (DUK) and raised its target. JP Morgan upgraded Raymond James Financial (RJF) and increased its target. Citigroup downgraded Charles Schwab (SCHW) and cut its target. Raymond James raised Lululemon's (LULU) target, maintaining an Outperform rating. Goldman Sachs downgraded Mercury Systems (MRCY) and cut its target.
January 10, 2024 | 12:53 pm
News sentiment analysis
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NEGATIVE IMPACT
Goldman Sachs downgraded Etsy from Buy to Neutral and cut the price target from $84 to $80.
A downgrade to Neutral and a reduced price target suggest a less optimistic view of the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs downgraded Mercury Systems from Neutral to Sell and cut the price target from $37 to $24.
A downgrade to Sell with a significantly reduced price target suggests a strong negative outlook for the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Citigroup downgraded Charles Schwab from Buy to Neutral and cut the price target from $75 to $70.
A downgrade to Neutral and a lower price target indicate a more conservative view on the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Needham maintained a Buy rating on ACM Research and raised the price target from $18 to $24.
The increase in price target while maintaining a Buy rating indicates a bullish stance on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Jefferies upgraded Anheuser-Busch from Hold to Buy and raised the price target from $60 to $76.
An upgrade from Hold to Buy typically indicates a positive outlook on the stock, suggesting a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
RBC Capital upgraded Duke Energy from Sector Perform to Outperform and increased the price target from $101 to $113.
An upgrade to Outperform and a higher price target suggest a strong positive sentiment towards the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mizuho maintained a Buy rating on EQT Corporation and raised the price target from $47 to $52.
A maintained Buy rating and increased price target suggest a positive outlook and potential for stock appreciation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Raymond James maintained an Outperform rating on Lululemon and raised the price target from $495 to $520.
Maintaining an Outperform rating and increasing the price target reflects confidence in the company's continued growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
JP Morgan upgraded Raymond James Financial from Neutral to Overweight and raised the price target from $110 to $135.
The upgrade to Overweight and increased price target indicate a positive change in the stock's outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Telsey Advisory Group maintained an Outperform rating on Urban Outfitters and increased the price target from $42 to $44.
Maintaining an Outperform rating and raising the price target suggests continued confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100