FedEx To Rally Over 32%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Chipotle, Lululemon, NIKE, Li Auto, Nkarta, Macerich, U.S. Bancorp, FactSet, Worthington Enterprises, and FedEx. The changes include both upgrades and downgrades, with notable adjustments in price targets.
March 22, 2024 | 12:54 pm
News sentiment analysis
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NEGATIVE IMPACT
Barclays cut FactSet's price target from $480 to $460, downgrading the stock from Overweight to Equal-Weight. Shares fell by 7.6%.
The downgrade and price target cut for FactSet, along with the significant share price drop, indicate a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Barclays lowered Li Auto's price target from $56 to $39, maintaining an Overweight rating. Shares fell by 7.5%.
The significant drop in Li Auto's share price, despite the Overweight rating, indicates a negative short-term impact from the price target adjustment.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Wedbush raised Chipotle's price target from $2,400 to $2,850, maintaining a Neutral rating. Shares slightly rose by 0.3%.
The price target increase by Wedbush reflects a positive outlook on Chipotle, but the Neutral rating and minor share price movement suggest a cautious short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Goldman Sachs increased Worthington's price target from $50 to $56, maintaining a Sell rating. Shares gained 5.2%.
Despite the Sell rating, the increase in Worthington's price target and the share price gain suggest a mixed short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Barclays raised FedEx's price target from $310 to $350, maintaining an Overweight rating. Shares rose by 1.9%.
The price target increase and maintained Overweight rating for FedEx, along with the share price rise, indicate a positive short-term outlook.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham reduced Lululemon's price target from $525 to $500, maintaining a Buy rating. Shares gained 2.1%.
Despite the price target cut, Lululemon's stock gain and the maintained Buy rating indicate a positive short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Citigroup raised Macerich's price target from $8 to $17, upgrading the stock from Sell to Neutral. Shares gained 1.3%.
The upgrade and price target increase for Macerich by Citigroup, along with the share price gain, indicate a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
UBS cut NIKE's price target from $138 to $125, maintaining a Buy rating. Shares increased by 0.6%.
The reduction in NIKE's price target is offset by a Buy rating and a slight increase in share price, suggesting a stable short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
HC Wainwright & Co. reduced Nkarta's price target from $22 to $20, maintaining a Buy rating. Shares rose by 1.5%.
The slight increase in Nkarta's share price, despite the price target cut, suggests a positive short-term sentiment, supported by the Buy rating.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Compass Point raised U.S. Bancorp's price target from $46 to $49, upgrading the stock from Neutral to Buy. Shares rose by 2.3%.
The upgrade and price target increase for U.S. Bancorp, coupled with the share price gain, suggest a strong positive short-term outlook.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90