This Etsy Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several notable stocks, including Voya Financial, Etsy, Bunge Global, Host Hotels & Resorts, and Public Storage. These downgrades have led to varying impacts on the stock prices of these companies.
August 01, 2024 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup downgraded Bunge Global from Buy to Neutral and cut the price target from $125 to $114. Shares fell 8.1% to $105.23.
The significant downgrade and price target cut from Citigroup have led to a sharp decline in Bunge Global's stock price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Compass Point downgraded Host Hotels & Resorts from Buy to Neutral and lowered the price target from $25 to $18. Shares fell 1.6% to $17.51.
The downgrade and significant reduction in price target are likely to negatively affect Host Hotels & Resorts' stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Truist Securities downgraded Public Storage from Buy to Hold, maintaining the price target of $306. Shares fell 2.8% to $295.92.
The downgrade from Buy to Hold, despite maintaining the price target, has led to a decline in Public Storage's stock price, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley downgraded Voya Financial from Overweight to Equal-Weight and cut the price target from $79 to $76. Shares fell 2.1% to $72.73.
The downgrade from a major firm like Morgan Stanley and the reduction in price target are likely to negatively impact investor sentiment and short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Oppenheimer downgraded Etsy from Outperform to Perform. Despite the downgrade, shares gained 1% to settle at $65.14.
The downgrade may have a neutral short-term impact as the stock price increased despite the analyst's change in rating.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100