This CrowdStrike Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several notable stocks, including CrowdStrike Holdings, Redwire Corporation, Lennar Corporation, Comerica Incorporated, and Chuy’s Holdings. These downgrades have led to varying impacts on the stock prices of these companies.
July 22, 2024 | 11:40 am
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NEGATIVE IMPACT
Wedbush downgraded Chuy’s Holdings from Outperform to Neutral and lowered the price target from $38 to $37.5. Shares fell 0.7% to $37.08.
The downgrade and slightly lowered price target led to a minor 0.7% drop in Chuy’s stock price, indicating a mild negative short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Truist Securities downgraded Comerica Incorporated from Buy to Hold and cut the price target from $55 to $53. Shares dipped 10.5% to $50.42.
The downgrade from Buy to Hold and the reduced price target led to a significant 10.5% drop in Comerica's stock price, indicating a strong negative short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Guggenheim analyst John Difucci downgraded CrowdStrike Holdings from Buy to Neutral, causing shares to fall 11.1% to $304.96.
The downgrade from Buy to Neutral by a reputable analyst led to a significant 11.1% drop in CrowdStrike's stock price, indicating a strong negative short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
B. Riley Securities downgraded Redwire Corporation from Buy to Neutral but raised the price target from $6 to $8. Shares fell 0.9% to $6.98.
Despite the downgrade, the raised price target suggests mixed signals, leading to a minor 0.9% drop in Redwire's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Goldman Sachs downgraded Lennar Corporation from Buy to Neutral and lowered the price target from $180 to $174. Shares climbed 0.5% to $170.94.
The downgrade and lowered price target had a neutral to slightly positive impact, with shares climbing 0.5%, indicating mixed investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70