S&P Global To Rally More Than 13%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Notable changes include price target increases for Belden Inc., Quest Diagnostics, TeraWulf Inc., S&P Global, and Moody’s Corporation, while Arrowhead Pharmaceuticals, fuboTV Inc., Taboola.com Ltd., Constellation Brands, and Vale S.A. saw their price targets reduced.
July 05, 2024 | 3:02 pm
News sentiment analysis
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NEGATIVE IMPACT
HC Wainwright & Co. slashed Arrowhead Pharmaceuticals' price target from $90 to $60, maintaining a Buy rating. Shares fell 0.6% to $25.07.
The significant price target cut from HC Wainwright & Co. is a negative signal, likely to weigh on the share price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Needham cut the price target for fuboTV Inc. from $3 to $2, maintaining a Buy rating. Shares closed at $1.31.
The price target cut from Needham is a negative signal, likely to pressure the share price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Roth MKM cut Constellation Brands' price target from $305 to $303, maintaining a Buy rating. Shares fell 3.3% to $250.37.
The slight price target cut from Roth MKM is a negative signal, likely to weigh on the share price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Needham slashed Taboola.com Ltd.'s price target from $6 to $5, maintaining a Buy rating. Shares gained 0.6% to $3.47.
The price target cut from Needham is a negative signal, likely to limit share price gains despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
UBS cut Vale S.A.'s price target from $15 to $14.5, maintaining a Buy rating. Shares closed at $11.61.
The price target cut from UBS is a negative signal, likely to pressure the share price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Truist Securities raised the price target for Belden Inc. from $119 to $123, maintaining a Buy rating. Shares rose 0.5% to $92.30.
The price target increase and maintained Buy rating from Truist Securities are positive signals, likely to boost investor confidence and share price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baird boosted the price target for Quest Diagnostics from $145 to $153, maintaining a Neutral rating. Shares gained 3.1% to $140.90.
The price target increase from Baird, despite a Neutral rating, suggests positive sentiment, likely to support the share price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley raised Moody’s Corporation's price target from $374 to $392, maintaining an Equal-Weight rating. Shares edged lower to $425.99.
The price target increase from Morgan Stanley, despite an Equal-Weight rating, suggests positive sentiment, likely to support the share price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley raised the price target for S&P Global Inc. from $500 to $510, maintaining an Overweight rating. Shares fell 0.2% to $449.44.
The price target increase and maintained Overweight rating from Morgan Stanley are positive signals, likely to support the share price in the short term despite the slight decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cantor Fitzgerald raised TeraWulf Inc.'s price target from $9 to $10, maintaining an Overweight rating. Shares gained 3.2% to $5.21.
The price target increase and maintained Overweight rating from Cantor Fitzgerald are positive signals, likely to boost investor confidence and share price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80