Amazon To Rally Around 9%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several major companies, including Amazon, Southwest Airlines, J.B. Hunt Transport, Albany International, Spirit Airlines, UnitedHealth Group, BP, Netflix, Five Below, and American Airlines. These updates include both price target changes and rating adjustments.
July 17, 2024 | 12:36 pm
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POSITIVE IMPACT
Truist Securities decreased the price target for Albany International from $104 to $101 while maintaining a Buy rating. Shares gained 4.3% to close at $93.63.
Despite the price target cut, the Buy rating and stock gain suggest positive sentiment. Short-term impact likely positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham increased Amazon's price target from $205 to $210 while maintaining a Buy rating. Shares rose 0.2% to close at $193.02.
The price target increase and Buy rating suggest a positive outlook, supported by the stock's gain. Short-term impact likely positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Guggenheim raised Netflix's price target from $700 to $735 while maintaining a Buy rating. Shares fell 0.02% to close at $656.32.
The price target increase and Buy rating suggest a positive outlook, despite the stock's slight decline. Short-term impact likely positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Baird raised the price target for UnitedHealth Group from $597 to $640 while maintaining an Outperform rating. Shares gained 6.5% to close at $548.87.
The price target increase and Outperform rating suggest a positive outlook, supported by the stock's significant gain. Short-term impact likely positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
TD Cowen slashed American Airlines' price target from $16 to $10 and downgraded the stock from Buy to Hold. Shares rose 5.3% to close at $11.19.
The price target cut and downgrade suggest a negative outlook, despite the stock's gain. Short-term impact likely negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Piper Sandler slashed BP's price target from $43 to $40 while maintaining a Neutral rating. Shares fell 0.4% to close at $34.89.
The price target cut and Neutral rating suggest a cautious outlook, supported by the stock's slight decline. Short-term impact likely negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Truist Securities slashed Five Below's price target from $136 to $89 and downgraded the stock from Buy to Hold. Shares gained 2.1% to close at $102.07.
The price target cut and downgrade suggest a negative outlook, despite the stock's gain. Short-term impact likely negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Susquehanna slashed the price target for J.B. Hunt Transport from $175 to $155 while maintaining a Neutral rating. Shares gained 3.8% to close at $176.00.
The price target cut indicates a less optimistic outlook, but the stock's gain suggests mixed market sentiment. Short-term impact likely negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TD Cowen cut the price target for Southwest Airlines from $26 to $19 while maintaining a Hold rating. Despite this, Southwest shares gained 3.6% to close at $28.71.
The price target cut suggests a negative outlook, but the stock's recent gain indicates mixed sentiment. Short-term impact likely negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
B of A Securities cut Spirit Airlines' price target from $3.25 to $2.75 while maintaining an Underperform rating. Shares gained 2.9% to close at $3.16.
The price target cut and Underperform rating indicate a negative outlook, despite the stock's gain. Short-term impact likely negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80