This Starbucks Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several major companies, including Starbucks, Dollar Tree, Zscaler, Reddit, and Yum! Brands. These downgrades have led to notable stock price movements.
July 16, 2024 | 1:55 pm
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NEUTRAL IMPACT
Mizuho downgraded Zscaler from Outperform to Neutral but maintained the price target at $220. Zscaler shares rose 1.3% to $204.47.
Despite the downgrade, the maintained price target and positive stock movement suggest a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Piper Sandler downgraded Dollar Tree from Overweight to Neutral and lowered the price target from $143 to $112. Dollar Tree shares fell 3.3% to $103.83.
The downgrade and significant reduction in the price target suggest a less optimistic outlook, likely leading to short-term negative price movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Loop Capital downgraded Reddit from Buy to Hold, maintaining the price target at $75. Reddit shares fell 1.2% to $72.98.
The downgrade to Hold and slight stock decline indicate a cautious outlook, likely leading to minor short-term negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Evercore ISI Group downgraded Starbucks from Outperform to In-Line and cut the price target from $92 to $80. Starbucks shares fell 2.8% to $72.75.
The downgrade from a reputable analyst and a significant cut in the price target are likely to negatively impact investor sentiment and short-term stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Evercore ISI Group downgraded Yum! Brands from Outperform to In-Line and lowered the price target from $160 to $145. Yum Brands shares fell 2.6% to $127.89.
The downgrade and reduced price target are likely to negatively affect investor sentiment and short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100