This Urban Outfitters Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for key companies, including Sprout Social, Urban Outfitters, The TJX Companies, Goosehead Insurance, and Assurant. These downgrades may impact the short-term stock performance of these companies.
August 22, 2024 | 3:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Keybanc downgraded Sprout Social from Sector Weight to Underweight with a price target of $28. Shares closed at $33.92, down 0.2%.
The downgrade to Underweight suggests a negative outlook, likely leading to downward pressure on the stock price. The price target is below the current trading price, indicating potential for a decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Piper Sandler downgraded Assurant from Overweight to Neutral, maintaining a $200 price target. Shares rose 0.02% to $189.83.
The downgrade to Neutral indicates a more cautious stance, but the maintained price target suggests limited immediate downside risk.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
BMO Capital downgraded Goosehead Insurance from Outperform to Market Perform, maintaining a $90 price target. Shares gained 0.4% to $82.66.
The downgrade to Market Perform suggests a neutral outlook, with the maintained price target indicating limited short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Citigroup downgraded TJX from Buy to Neutral but raised the price target from $110 to $128. Shares rose 6.1% to $120.23.
The downgrade to Neutral suggests a more cautious outlook, but the raised price target and share price increase indicate positive sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Telsey Advisory Group downgraded Urban Outfitters from Outperform to Market Perform, reducing the price target from $49 to $44. Shares gained 3.1% to $41.48.
Despite the downgrade, the stock gained, suggesting mixed market sentiment. The reduced price target may limit upside potential.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100