AT&T To Rally Around 19%? 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, including notable changes for Boston Scientific Corporation (BSX), Danaher Corporation (DHR), Phillips 66 (PSX), Rockwell Automation (ROK), AT&T Inc. (T), Extreme Networks (EXTR), PagSeguro Digital Ltd. (PAGS), New York Community Bancorp (NYCB), CONMED Corporation (CNMD), and The Cigna Group (CI). These adjustments reflect analysts' latest views on these companies' future prospects.
February 01, 2024 | 12:48 pm
News sentiment analysis
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NEGATIVE IMPACT
UBS slashed Extreme Networks' price target from $22 to $14 and downgraded the stock from Buy to Neutral. Shares fell 18.8%.
The significant price target cut and downgrade to Neutral by UBS indicate a bearish outlook for Extreme Networks, contributing to the sharp decline in share price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Jefferies slashed New York Community Bancorp's price target from $13 to $7 and downgraded the stock from Buy to Hold. Shares dipped 37.7%.
The severe price target cut and downgrade to Hold by Jefferies reflect a very bearish outlook for New York Community Bancorp, contributing to the dramatic fall in share price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
New Street Research raised PagSeguro Digital's price target from $14 to $15 but downgraded the stock from Buy to Neutral. Shares fell 2.2%.
The mixed signal of a price target increase and a downgrade to Neutral by New Street Research may lead to uncertainty, resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised Boston Scientific's price target from $60 to $71, maintaining a Buy rating. Shares gained 3%.
The increase in price target and maintained Buy rating by Needham suggests a positive outlook for Boston Scientific, likely leading to short-term investor optimism.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Deutsche Bank raised The Cigna Group's price target from $355 to $370 and upgraded the stock from Hold to Buy. Shares rose 0.7%.
The upgrade and price target raise for The Cigna Group by Deutsche Bank indicate a bullish outlook, likely contributing to continued short-term positive momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham raised CONMED's price target from $119 to $129, maintaining a Buy rating. Shares rose 0.8%.
The price target increase and sustained Buy rating by Needham for CONMED suggest a positive outlook, likely leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Keybanc raised Danaher's price target from $260 to $290, maintaining an Overweight rating. Shares fell 2.1%.
Despite the share price dip, Keybanc's raised price target and Overweight rating indicate a strong future performance expectation for Danaher.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Raymond James increased Phillips 66's price target from $140 to $155, maintaining an Outperform rating. Shares rose 1.3%.
The raised price target and continued Outperform rating for Phillips 66 by Raymond James suggest bullish sentiment, potentially driving short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Daiwa Capital cut Rockwell Automation's price target from $338 to $310 but upgraded the stock from Outperform to Buy. Shares fell 17.6%.
Despite the price target cut, the upgrade to Buy by Daiwa Capital indicates a positive long-term outlook, which could mitigate the short-term negative impact of the share price fall.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
JP Morgan raised AT&T's price target from $18 to $21 and upgraded the stock from Neutral to Overweight. Shares rose 0.9%.
The upgrade and price target raise for AT&T by JP Morgan suggest a strong bullish outlook, likely leading to continued short-term positive momentum.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90