This Accenture Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Today
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several notable stocks, including Accenture, Bolt Biotherapeutics, SunPower, A-Mark Precious Metals, and Six Flags Entertainment. These downgrades reflect changes in analyst sentiment and revised price targets.
May 15, 2024 | 12:24 pm
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POSITIVE IMPACT
Wolfe Research downgraded SunPower from Peer Perform to Underperform. Despite the downgrade, shares jumped 59.6% to $4.39.
Despite the downgrade, SunPower's stock saw a significant increase, possibly due to other market factors or investor sentiment. This could lead to short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
B. Riley Securities downgraded A-Mark Precious Metals from Buy to Neutral but maintained the price target of $33. Shares gained 7.2% to $39.80.
The downgrade to Neutral with an unchanged price target suggests a mixed outlook. Despite this, the stock saw a significant gain, indicating potential short-term stability.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Deutsche Bank downgraded Accenture from Buy to Hold and slashed the price target from $409 to $295. Shares declined 0.2% to $306.95.
The downgrade from Buy to Hold and a significant reduction in the price target indicate a bearish outlook from Deutsche Bank, likely leading to short-term downward pressure on Accenture's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Stifel downgraded Bolt Biotherapeutics from Buy to Hold and lowered the price target from $6 to $1.5. Shares slipped 0.8% to $1.32.
The downgrade and drastic reduction in the price target suggest a negative outlook, likely causing short-term downward pressure on Bolt Biotherapeutics' stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Deutsche Bank downgraded Six Flags Entertainment from Buy to Hold and lowered the price target from $29 to $27. Shares slipped 0.6% to $26.72.
The downgrade from Buy to Hold and a reduced price target indicate a bearish outlook, likely leading to short-term downward pressure on Six Flags Entertainment's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100