Boot Barn To Rally Around 27%? Here Are 10 Top Analyst Forecasts For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several US-listed companies, including Lyft, Dine Brands Global, Boot Barn, Central Garden & Pet, Bumble, Editas Medicine, PetIQ, Disney, Charles River Laboratories, and McKesson. The updates include both price target changes and rating adjustments.
August 08, 2024 | 12:13 pm
News sentiment analysis
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NEGATIVE IMPACT
JP Morgan cut the price target for Central Garden & Pet from $38 to $34, maintaining a Neutral rating. Shares fell 1.1% to close at $32.70.
The price target cut and share price decline suggest negative sentiment and potential short-term downside.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Baird slashed Charles River Laboratories' price target from $239 to $191 and downgraded the stock from Outperform to Neutral. Shares fell 12.6% to close at $199.96.
The significant price target cut, downgrade, and share price decline indicate negative sentiment and potential short-term downside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wedbush slashed the price target for Dine Brands Global from $37 to $34, maintaining a Neutral rating. Shares fell 4.6% to close at $30.44.
The price target cut and share price decline suggest negative sentiment and potential short-term downside.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Needham cut Disney's price target from $145 to $110, maintaining a Buy rating. Shares fell 4.5% to close at $85.96.
The significant price target cut and share price decline indicate negative sentiment and potential short-term downside.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Canaccord Genuity cut the price target for Lyft from $23 to $18 while maintaining a Buy rating. Lyft shares fell 17.2% to close at $9.08.
The significant price target cut and the sharp decline in share price indicate negative sentiment and potential short-term downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Morgan Stanley cut Bumble's price target from $12 to $6, maintaining an Equal-Weight rating. Shares rose 1.9% to close at $8.06.
Despite the price target cut, the share price increase suggests mixed sentiment and a neutral short-term outlook.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Baird cut McKesson's price target from $694 to $671, maintaining an Outperform rating. Shares gained 0.5% to close at $617.51.
The price target cut is negative, but the maintained Outperform rating and slight share price increase suggest a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Truist Securities raised PetIQ's price target from $30 to $31 but downgraded the stock from Buy to Hold. Shares gained 47.9% to close at $30.42.
The price target increase and share price surge are positive, but the downgrade to Hold suggests a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler raised Boot Barn's price target from $144 to $147, maintaining an Overweight rating. Shares fell 1.6% to close at $115.70.
Despite the share price decline, the raised price target and Overweight rating indicate positive sentiment and potential short-term upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
B of A Securities boosted Editas Medicine's price target from $13 to $15 and upgraded the stock from Neutral to Buy. Shares fell 12.2% to close at $4.11.
The upgrade to Buy and increased price target indicate positive sentiment, despite the share price decline, suggesting potential short-term upside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100