This Sealed Air Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several notable stocks, including Cintas Corporation, Sealed Air Corporation, Chuy’s Holdings, WNS (Holdings) Limited, and Banner Corporation. These downgrades reflect changes in analyst sentiment and price targets.
July 19, 2024 | 1:12 pm
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POSITIVE IMPACT
Stephens & Co. analyst Jim Salera downgraded Chuy’s Holdings from Overweight to Equal-Weight, but raised the price target from $36 to $37.5. Chuy’s shares climbed 47.8% to close at $37.34 on Thursday.
Despite the downgrade, the raised price target and significant share price increase suggest positive sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Baird analyst Andrew Wittmann downgraded Cintas Corporation from Outperform to Neutral, while increasing the price target from $750 to $775. Cintas shares gained 5.4% to settle at $758.97 on Thursday.
The downgrade to Neutral suggests a more cautious outlook, but the increased price target and recent share gain indicate mixed sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Janney Montgomery Scott analyst Timothy Coffey downgraded Banner Corporation from Buy to Neutral. Banner shares fell 1.4% to close at $58.49 on Thursday.
The downgrade to Neutral and the share price decline suggest a less optimistic outlook.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
RBC Capital analyst Arun Viswanathan downgraded Sealed Air Corporation from Outperform to Sector Perform, while cutting the price target from $43 to $40. Sealed Air shares fell 1.3% to close at $36.39 on Thursday.
The downgrade and reduced price target indicate a negative outlook, which is reflected in the recent share price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
JP Morgan analyst Tien-Tsin Huang downgraded WNS (Holdings) Limited from Overweight to Neutral and maintained a price target of $60. WNS shares dipped 3.5% to close at $57.95 on Thursday.
The downgrade to Neutral and the share price dip indicate a more cautious outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80