This Intel Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts downgraded several major stocks, including The Walt Disney Company (DIS), Textron Inc. (TXT), Fastly, Inc. (FSLY), Intel Corporation (INTC), and Topgolf Callaway Brands Corp. (MODG). These downgrades led to notable declines in their share prices.
August 08, 2024 | 1:51 pm
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NEGATIVE IMPACT
Seaport Global downgraded The Walt Disney Company from Buy to Neutral, causing a 4.5% drop in its share price.
The downgrade from Buy to Neutral by Seaport Global indicates a less optimistic outlook, leading to a significant drop in Disney's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Piper Sandler downgraded Fastly, Inc. from Overweight to Neutral and lowered the price target from $10 to $6, causing a 2.3% drop in its share price.
The downgrade and significant reduction in the price target by Piper Sandler indicate a less favorable outlook, leading to a notable decline in Fastly's share price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Mizuho downgraded Intel Corporation from Outperform to Neutral and cut the price target from $36 to $22, resulting in a 3.6% decline in its share price.
The downgrade and substantial reduction in the price target by Mizuho reflect a significantly less optimistic outlook, leading to a sharp decline in Intel's share price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
B of A Securities downgraded Topgolf Callaway Brands Corp. from Buy to Neutral and lowered the price target from $18 to $13, causing a 12.7% drop in its share price.
The downgrade and significant reduction in the price target by B of A Securities indicate a much less favorable outlook, leading to a substantial decline in Topgolf Callaway's share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley downgraded Textron Inc. from Overweight to Equal-Weight, resulting in a 1.3% decline in its share price.
The downgrade from Overweight to Equal-Weight by Morgan Stanley suggests a more cautious stance, leading to a moderate decline in Textron's share price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100