Domino's Pizza To Rally Over 11%? Here Are 10 Top Analyst Forecasts For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Taiwan Semiconductor (TSM), Nuvei Corporation (NVEI), Lowe's Companies (LOW), The Southern Company (SO), FedEx Corporation (FDX), BCE Inc. (BCE), Domino's Pizza (DPZ), AutoZone (AZO), Shockwave Medical (SWAV), and BRP Inc. (DOOO). These adjustments reflect analysts' latest views on these stocks, with some experiencing upgrades in their price targets while others saw downgrades.
April 02, 2024 | 12:38 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Truist Securities raised AutoZone's price target from $3,363 to $3,523, maintaining a Buy rating.
The raised price target for AZO and the continued Buy rating indicate a positive outlook, suggesting an upward trend in AutoZone's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Desjardins raised BRP Inc.'s price target from $112 to $137, maintaining a Buy rating.
The increase in BRP's price target and the sustained Buy rating indicate a positive sentiment, suggesting a likely uptrend in DOOO's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
TD Cowen raised Domino's Pizza's price target from $525 to $550, maintaining a Buy rating.
The increase in Domino's price target and the sustained Buy rating suggest strong confidence in its growth, likely leading to a positive short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Truist Securities raised Lowe's price target from $258 to $271, maintaining a Buy rating.
The increase in Lowe's price target and the continuation of a Buy rating indicate a positive outlook, suggesting a likely uptrend in LOW's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Mizuho increased The Southern Company's price target from $73 to $76, maintaining a Buy rating.
The raised price target and sustained Buy rating for SO by Mizuho suggest a positive sentiment, likely leading to an upward movement in its stock price short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Piper Sandler increased Shockwave Medical's price target from $290 to $360, maintaining an Overweight rating.
The significant increase in SWAV's price target and the Overweight rating suggest a bullish outlook, likely leading to a positive short-term impact on its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Susquehanna raised the price target for Taiwan Semiconductor from $160 to $180, maintaining a Positive rating.
The increase in price target by Susquehanna suggests a bullish outlook on TSM, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
B of A Securities reduced FedEx's price target from $346 to $340, but maintained a Buy rating.
The slight decrease in FedEx's price target, despite a Buy rating, suggests a cautious outlook that might lead to a neutral short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Seaport Global increased Nuvei's price target from $29 to $34 but downgraded the stock from Buy to Neutral.
The mixed signal of a higher price target but a downgrade to Neutral may create uncertainty, likely resulting in a neutral short-term impact on NVEI's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
BMO Capital cut BCE's price target from $54 to $46 and downgraded the stock from Outperform to Market Perform.
The reduction in BCE's price target and downgrade to Market Perform indicate a bearish view, likely resulting in a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90