Amazon To Rally Over 41%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their forecasts for several US-listed companies, including price target adjustments and rating changes. Notable mentions include JP Morgan's downgrade of WEC Energy and Citigroup's upgrade of Macy's. Amazon received a significant price target increase from JP Morgan, suggesting a potential rally. Other companies like Hologic, Roper Technologies, Deckers Outdoor, Gold Fields, New York Community Bancorp, Microchip Technology, and Lancaster Colony also saw changes in their analyst ratings and price targets.
February 02, 2024 | 12:33 pm
News sentiment analysis
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NEGATIVE IMPACT
JP Morgan downgraded WEC Energy from Neutral to Underweight and cut the price target from $90 to $84.
The downgrade by JP Morgan and reduction in price target could lead to a negative short-term impact on WEC Energy's stock price due to perceived lower future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
JP Morgan increased Amazon's price target from $190 to $225, maintaining an Overweight rating.
The significant price target increase by JP Morgan suggests a strong bullish outlook for Amazon, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Needham maintained a Buy rating for Hologic and boosted the price target from $83 to $90.
Needham's continued Buy rating and increased price target for Hologic indicate a positive outlook, potentially leading to a short-term rise in stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
POSITIVE IMPACT
Citigroup upgraded Macy's from Sell to Neutral and raised the price target from $14 to $18.
The upgrade by Citigroup and increased price target could positively influence Macy's stock price in the short term, reflecting a more favorable outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90