This Texas Instruments Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Today
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded their ratings on several stocks, including Texas Instruments, SolarEdge Technologies, PENN Entertainment, Morgan Stanley Direct, and PlayAGS, with adjustments to their price targets.
May 13, 2024 | 1:06 pm
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NEGATIVE IMPACT
Morgan Stanley Direct downgraded from Outperform to Market Perform by Raymond James. Shares fell 4.6% to $22.26.
The downgrade to Market Perform suggests a neutral outlook, which could lead to subdued stock performance in the near term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
PENN Entertainment downgraded from Buy to Neutral by B of A Securities, with a price target cut from $28 to $17.5. Shares fell 1% to $16.08.
The downgrade and price target reduction indicate a less optimistic view on the stock, potentially leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
SolarEdge downgraded from Positive to Neutral by Susquehanna, with a price target cut from $92 to $56. Shares declined 6.1% to $49.47.
The significant downgrade and price target cut suggest a bearish outlook, which could further pressure the stock in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
PlayAGS downgraded from Buy to Hold by Truist Securities, with a price target cut from $13 to $12.5. Shares slipped 0.4% to $11.29.
The slight downgrade and minor price target adjustment reflect a cautious stance, likely leading to a neutral short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Texas Instruments downgraded from Buy to Hold by Jefferies, with a price target cut from $200 to $175. Shares were up 0.9% to $187.05.
The downgrade reflects a more cautious outlook by analysts, potentially limiting upside momentum in the short term despite the recent share price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90