AT&T To Rally Around 44%? 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 US-listed companies. ResMed's target was raised by Needham, while Hertz and Tesla saw cuts by JP Morgan and KGI Securities, respectively. Deutsche Bank increased AT&T's target, Telsey Advisory did the same for Deckers Outdoor, and UBS downgraded Biogen with a lower target. Raymond James and Keybanc raised targets for Intuitive Surgical and Intuit, TD Cowen upgraded Covenant Logistics, and Citigroup slightly lowered JD.com's target.
January 25, 2024 | 12:42 pm
News sentiment analysis
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NEGATIVE IMPACT
UBS downgraded Biogen from Buy to Neutral and reduced the price target from $311 to $276.
The downgrade to Neutral and lower price target by UBS could negatively affect Biogen's stock in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
JP Morgan downgraded Hertz from Overweight to Neutral and cut the price target from $17 to $11.
The downgrade and reduced price target by JP Morgan could negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
KGI Securities downgraded Tesla from Outperform to Neutral and lowered the price target from $309 to $213.
The downgrade to Neutral and significant price target reduction by KGI Securities could lead to bearish investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Citigroup slightly lowered JD.com's price target from $43 to $42 but maintained a Buy rating.
The minor price target reduction with a maintained Buy rating by Citigroup may have a neutral impact as the change is not significant.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
TD Cowen upgraded Covenant Logistics from Market Perform to Outperform and raised the price target from $51 to $66.
The upgrade to Outperform and increased price target by TD Cowen could drive positive momentum for Covenant Logistics' shares.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Telsey Advisory Group increased Deckers Outdoor's price target from $800 to $850 and maintained an Outperform rating.
The raised price target and Outperform rating by Telsey Advisory Group could lead to positive investor sentiment for Deckers Outdoor.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keybanc raised Intuit's price target from $670 to $700 and maintained an Overweight rating.
The price target increase and Overweight rating by Keybanc could lead to a positive reaction in Intuit's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Raymond James raised Intuitive Surgical's price target from $372 to $435 and maintained an Outperform rating.
The increased price target and sustained Outperform rating by Raymond James could positively influence Intuitive Surgical's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham raised ResMed's price target from $180 to $215 and maintained a Buy rating.
The increase in price target and maintained Buy rating by Needham could lead to a positive short-term sentiment among investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Deutsche Bank raised AT&T's price target from $23 to $24 and maintained a Buy rating.
The increased price target and continued Buy rating from Deutsche Bank could contribute to a positive short-term outlook for AT&T.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90