This Southwest Airlines 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 L3Harris Technologies, Huntington Bancshares, Southwest Airlines, Brunswick Corporation, and DexCom. These downgrades come with adjusted price targets, reflecting changes in analyst sentiment.
July 26, 2024 | 12:04 pm
News sentiment analysis
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NEGATIVE IMPACT
JP Morgan downgraded DexCom from Overweight to Neutral, cutting the price target from $145 to $75. Shares fell 3.7% to $107.85.
The downgrade to Neutral and significant cut in price target indicate a negative outlook, reflected in the share price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Jefferies downgraded Brunswick Corporation from Buy to Hold, lowering the price target from $115 to $70. Shares rose 7.5% to $79.02.
The downgrade to Hold and significant reduction in price target suggest caution, but the strong share price increase indicates market optimism.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Baird downgraded Huntington Bancshares from Outperform to Neutral, maintaining a price target of $15. Shares gained 0.9% to $15.06.
The downgrade to Neutral suggests a more cautious outlook, but the maintained price target and slight share gain indicate stability.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Deutsche Bank downgraded L3Harris Technologies from Buy to Hold but increased the price target from $245 to $257. Shares gained 2.6% to $243.27.
The downgrade from Buy to Hold suggests a neutral outlook, but the increased price target indicates some positive sentiment. The stock's recent gain reflects mixed signals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Deutsche Bank downgraded Southwest Airlines from Buy to Hold, lowering the price target from $32 to $29. Shares rose 5.5% to $28.08.
The downgrade to Hold and reduced price target indicate a less optimistic outlook, but the significant share price increase suggests market confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90