This Qualcomm Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several major stocks, including Qualcomm, Chevron, American Airlines, Five Below, and Spirit AeroSystems. These downgrades come with revised price targets and reflect a more cautious outlook on these companies.
July 17, 2024 | 1:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
TD Cowen analyst Helane Becker downgraded American Airlines from Buy to Hold and lowered the price target from $16 to $10. Despite the downgrade, shares rose 5.3% to $11.19.
The downgrade and significant reduction in price target suggest a negative outlook, which could lead to a short-term decline despite the recent rise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Bernstein analyst Bob Brackett downgraded Chevron from Outperform to Market Perform and reduced the price target from $183 to $167. Chevron shares fell 0.2% to $157.77.
The downgrade and reduced price target indicate a less favorable outlook, likely leading to a short-term decline in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Truist Securities analyst Scot Ciccarelli downgraded Five Below from Buy to Hold and slashed the price target from $136 to $89. Shares gained 2.1% to $102.07.
The downgrade and significant reduction in price target indicate a cautious outlook, likely leading to a short-term decline despite the recent rise.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
HSBC analyst Frank Lee downgraded Qualcomm from Buy to Hold with a price target of $200. Despite the downgrade, Qualcomm shares rose 0.7% to $209.64.
The downgrade from Buy to Hold suggests a less optimistic outlook, which could lead to a short-term decline in stock price despite the recent rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Susquehanna analyst Charles Minervino downgraded Spirit AeroSystems from Positive to Neutral and cut the price target from $40 to $37. Shares gained 3.4% to $35.88.
The downgrade and reduced price target suggest a more cautious outlook, which could lead to a short-term decline despite the recent rise.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100