This American Airlines Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several notable stocks, including Ikena Oncology, Goldman Sachs BDC, Bank OZK, American Airlines, and WESCO International. These downgrades have led to significant price target reductions and share price declines.
May 29, 2024 | 2:17 pm
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NEGATIVE IMPACT
Jefferies downgraded American Airlines from Buy to Hold, slashing the price target from $17 to $12. Shares fell 2.9% to $13.44.
The downgrade to Hold and the significant reduction in the price target suggest a bearish outlook, likely leading to short-term price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo downgraded Goldman Sachs BDC from Equal-Weight to Underweight, cutting the price target from $15 to $14. Shares fell 0.1% to $15.18.
The downgrade to Underweight and the reduced price target suggest a bearish outlook, likely leading to short-term price pressure.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Wedbush downgraded Ikena Oncology from Outperform to Neutral, cutting the price target from $8 to $2. Shares closed at $1.33.
The downgrade from Outperform to Neutral and the significant reduction in the price target indicate a negative outlook, likely leading to further short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Citigroup downgraded Bank OZK from Buy to Sell, cutting the price target from $57 to $37. Shares fell 0.7% to $46.19.
The downgrade from Buy to Sell and the significant reduction in the price target indicate a negative outlook, likely leading to further short-term price declines.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Baird downgraded WESCO International from Outperform to Neutral, lowering the price target from $200 to $195. Shares fell 3% to $185.52.
The downgrade to Neutral and the reduced price target suggest a less optimistic outlook, likely leading to short-term price declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100