Chewy To Rally Over 50%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several companies. Keybanc reduced EOG Resources' target but maintained an Overweight rating. BMO Capital raised Southern Company's target and upgraded to Outperform. Baird increased Salesforce's target and upgraded to Outperform. Barclays raised Chewy's target and upgraded to Overweight, predicting over 50% rally. Wells Fargo lifted Willis Towers Watson's target and upgraded to Overweight. Deutsche Bank lowered Albemarle's target and downgraded to Hold. Jefferies raised Juniper Networks' target but downgraded to Hold. Goldman Sachs upped Lyft's target but downgraded to Neutral. Keybanc cut Diamondback Energy's target but kept an Overweight rating. Deutsche Bank reduced Lithium Americas' target and downgraded to Hold.
January 11, 2024 | 12:45 pm
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NEGATIVE IMPACT
Deutsche Bank lowered Albemarle's price target from $155 to $135 and downgraded the stock to Hold.
The reduced price target and downgrade to Hold by Deutsche Bank could lead to negative investor sentiment and a short-term decline in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Deutsche Bank cut Lithium Americas' price target from $9 to $6.5 and downgraded the stock to Hold.
The price target reduction and downgrade to Hold by Deutsche Bank are likely to negatively affect investor sentiment, potentially leading to a short-term price drop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Keybanc reduced EOG Resources' price target from $157 to $147 but maintained an Overweight rating.
Despite the price target cut, the Overweight rating suggests continued analyst confidence, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Keybanc reduced Diamondback Energy's price target from $183 to $170 but maintained an Overweight rating.
The price target cut may be negative, but the maintained Overweight rating indicates continued analyst confidence, suggesting a neutral to positive short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Jefferies raised Juniper Networks' price target from $35 to $40 but downgraded the stock to Hold.
Although Jefferies increased the price target, the downgrade to Hold sends mixed signals, likely resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Goldman Sachs increased Lyft's price target from $12 to $15 but downgraded the stock to Neutral.
The price target increase is positive, but the downgrade to Neutral by Goldman Sachs may temper short-term expectations, leading to a neutral impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Barclays raised Chewy's price target from $19 to $30 and upgraded the stock to Overweight, indicating a potential rally over 50%.
Barclays' upgrade to Overweight and a significant price target increase suggest a strong bullish stance, implying a substantial short-term upside.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Baird increased Salesforce's price target from $240 to $300 and upgraded the stock to Outperform.
The significant price target raise and upgrade to Outperform by Baird suggest strong analyst confidence, likely leading to a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
BMO Capital raised Southern Company's price target from $72 to $77 and upgraded the stock to Outperform.
The price target increase and upgrade to Outperform indicate a bullish view from BMO Capital, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Wells Fargo increased Willis Towers Watson's price target from $248 to $288 and upgraded the stock to Overweight.
The price target hike and upgrade to Overweight by Wells Fargo suggest a positive outlook, which could lead to a favorable short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80