Emerson Electric To Rally More Than 19%? 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 US-listed companies, including Sea Limited, Target Corporation, Seres Therapeutics, Nordstrom, ChargePoint Holdings, CrowdStrike Holdings, Twilio, Ross Stores, Traeger, and Emerson Electric. The changes include both upgrades and downgrades, with notable adjustments in price targets reflecting analysts' revised expectations for these companies.
March 06, 2024 | 1:00 pm
News sentiment analysis
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POSITIVE IMPACT
Keybanc raised CrowdStrike Holdings' price target from $375 to $430, maintaining an Overweight rating. Shares fell 5.2% to close at $297.56.
The significant increase in CrowdStrike's price target suggests a strong positive outlook, despite the short-term share price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Berenberg raised Emerson Electric's price target from $100 to $130, maintaining a Buy rating. Shares fell 0.5% to close at $109.02.
The substantial increase in Emerson Electric's price target suggests a strong positive outlook, potentially leading to short-term bullish sentiment despite the slight share price decline.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Guggenheim raised Ross Stores' price target from $140 to $165, maintaining a Buy rating. Shares fell 0.5% to close at $149.17.
The increase in Ross Stores' price target indicates a positive outlook, suggesting potential for short-term growth despite the slight share price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Morgan Stanley raised the price target for Sea Limited from $47 to $65, maintaining an Equal-Weight rating. Sea shares gained 3.4% to close at $55.75.
The increase in price target by Morgan Stanley suggests a positive outlook on Sea Limited, potentially leading to short-term bullish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Barclays raised the price target for Target Corporation from $142 to $169, maintaining an Equal-Weight rating. Target shares jumped 12% to close at $168.58.
The significant increase in Target's price target by Barclays and the subsequent jump in share price indicate strong investor confidence and potential for continued short-term growth.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
B of A Securities raised Nordstrom's price target from $13 to $15, maintaining an Underperform rating. Shares gained 1.6% to close at $20.90.
The increase in Nordstrom's price target is positive, but the Underperform rating suggests caution, leading to a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Needham cut ChargePoint Holdings' price target from $4 to $3, maintaining a Buy rating. Shares fell 3.4% to close at $2.00.
Despite the Buy rating, the reduction in ChargePoint's price target and the drop in share price indicate short-term negative sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Canaccord Genuity cut Traeger's price target from $5 to $4, maintaining a Buy rating. Shares fell 4.2% to close at $2.06.
Despite the Buy rating, the reduction in Traeger's price target and the decline in share price suggest short-term negative sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Chardan Capital lowered Seres Therapeutics' price target from $10 to $8, maintaining a Buy rating. Shares fell 7% to close at $1.06.
Despite the Buy rating, the lowered price target for Seres Therapeutics and the decline in share price suggest short-term bearish sentiment among investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Wells Fargo slashed Twilio's price target from $70 to $60, maintaining an Equal-Weight rating. Shares fell 5.9% to close at $56.66.
The decrease in Twilio's price target and the subsequent share price decline reflect short-term bearish sentiment among investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90