Philip Morris International To Rally More Than 10%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies. Notable changes include a price target increase for Philip Morris International by B of A Securities, and a downgrade for Amphenol Corporation. These updates could influence short-term stock movements.
September 04, 2024 | 1:38 pm
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NEGATIVE IMPACT
B of A Securities cut Amphenol's price target from $80 to $71 and downgraded the stock from Buy to Neutral. Shares fell 8.2% to $61.91.
The downgrade and reduced price target indicate negative sentiment, leading to a significant share price decline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Piper Sandler cut Asana's price target from $14 to $12, maintaining a Neutral rating. Asana shares fell 5.5% to $13.29.
The price target cut and Neutral rating suggest limited upside, contributing to the recent share price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HC Wainwright & Co. cut Nouveau Monde Graphite's price target from $3.25 to $3, maintaining a Buy rating. Shares fell 2.9% to $1.53.
The reduced price target suggests caution, contributing to the share price decline despite a Buy rating.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Baird cut Sportsman’s Warehouse's price target from $4 to $2.5, maintaining a Neutral rating. Shares closed at $2.09.
The reduced price target suggests limited upside, contributing to the low share price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Needham cut Zscaler's price target from $290 to $235, maintaining a Strong Buy rating. Shares fell 3.4% to $193.19.
Despite a Strong Buy rating, the reduced price target suggests caution, contributing to the share price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Morgan Stanley raised Ball Corporation's price target from $69 to $78 and upgraded the stock from Equal-Weight to Overweight. Shares rose 0.5% to $63.90.
The upgrade and increased price target suggest positive sentiment, contributing to a slight share price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
B of A Securities raised GitLab's price target from $66 to $68, maintaining a Buy rating. Shares closed at $44.68.
The increased price target and Buy rating indicate positive sentiment, though the share price remained stable.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
B of A Securities raised Philip Morris International's price target from $125 to $139, maintaining a Buy rating. Shares closed at $125.71.
The increased price target and Buy rating suggest strong positive sentiment, likely to support share price growth.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham raised Praxis Precision Medicines' price target from $145 to $151, maintaining a Buy rating. Shares gained 4.2% to $55.38.
The increased price target and Buy rating indicate positive sentiment, reflected in the share price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TD Cowen raised Sweetgreen's price target from $31 to $43 and upgraded the stock from Hold to Buy. Shares fell 7.4% to $29.27.
The upgrade and increased price target indicate positive sentiment, though shares fell, possibly due to broader market factors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80