Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their outlooks on several companies, including Texas Instruments, BrightView Holdings, Sonoco Products, Medtronic, Enphase Energy, Cogent Communications, Corning, Vipshop Holdings, Agree Realty, and Dermata Therapeutics. Notable changes include Citigroup upgrading Texas Instruments to Buy with a price target increase to $235, and B of A Securities downgrading Cogent Communications to Underperform with a price target cut to $65.
August 21, 2024 | 12:58 pm
News sentiment analysis
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NEGATIVE IMPACT
B of A Securities downgraded Cogent Communications to Underperform and cut the price target from $75 to $65, indicating a negative outlook.
The downgrade to Underperform and the reduced price target by B of A Securities suggests a negative outlook, likely leading to a short-term price decrease for Cogent Communications.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Maxim Group maintained a Buy rating on Dermata Therapeutics but slashed the price target from $10 to $6, indicating a negative outlook.
Despite maintaining a Buy rating, the significant cut in price target by Maxim Group suggests a negative outlook, likely leading to a short-term price decrease for Dermata Therapeutics.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wells Fargo downgraded Sonoco Products to Underweight and reduced the price target from $54 to $52, indicating a negative outlook.
The downgrade to Underweight and the reduced price target by Wells Fargo suggests a negative outlook, likely leading to a short-term price decrease for Sonoco Products.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CLSA downgraded Vipshop Holdings to Hold and cut the price target from $15.8 to $12, indicating a negative outlook.
The downgrade to Hold and the reduced price target by CLSA suggests a negative outlook, likely leading to a short-term price decrease for Vipshop Holdings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Morgan Stanley maintained an Equal-Weight rating on Enphase Energy but slightly increased the price target from $98 to $100.
The slight increase in price target with an unchanged rating suggests a neutral outlook, likely resulting in minimal short-term price impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Baird maintained a Neutral rating on Medtronic but increased the price target from $82 to $90, indicating a slightly positive outlook.
While the rating remains Neutral, the increased price target suggests a slightly positive outlook, but not enough to significantly impact the short-term price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Raymond James maintained a Strong Buy rating on Agree Realty and increased the price target from $70 to $81, indicating a positive outlook.
The maintained Strong Buy rating and increased price target by Raymond James indicates a positive outlook, likely leading to a short-term price increase for Agree Realty.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jefferies upgraded BrightView Holdings to Buy and increased the price target from $13 to $17, suggesting a positive outlook.
The upgrade to Buy and the increased price target by Jefferies indicates a positive outlook, which could lead to a short-term price increase for BrightView Holdings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Mizuho upgraded Corning to Outperform and increased the price target from $44 to $47, indicating a positive outlook.
The upgrade to Outperform and the increased price target by Mizuho indicates a positive outlook, likely leading to a short-term price increase for Corning.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup upgraded Texas Instruments to Buy and raised the price target from $200 to $235, indicating a positive outlook for the stock.
The upgrade from Neutral to Buy by Citigroup and the increase in price target to $235 suggests a strong positive sentiment towards Texas Instruments, likely leading to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100