This PepsiCo Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded major companies, including PepsiCo, Darden Restaurants, Notable Labs, Rapid7, and FedEx. These downgrades reflect a shift in analyst sentiment and could impact stock prices in the short term.
September 20, 2024 | 12:59 pm
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NEGATIVE IMPACT
Morgan Stanley downgraded FedEx from Equal-Weight to Underweight, cutting the price target from $215 to $200. Shares rose 0.7% to $300.39.
The downgrade to Underweight and reduced price target suggest potential downside risk, despite the stock's recent gain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley downgraded PepsiCo from Overweight to Equal-Weight, maintaining a price target of $185. Shares fell 0.3% to $174.66.
The downgrade from a major firm like Morgan Stanley suggests a less optimistic outlook, which could lead to short-term selling pressure on PepsiCo's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Bernstein downgraded Darden Restaurants from Outperform to Market Perform, lowering the price target from $190 to $180. Shares gained 8.3% to $172.27.
Despite the downgrade, Darden's stock rose significantly, indicating that the market may have already priced in the downgrade or other factors are at play.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
JMP Securities downgraded Notable Labs from Market Outperform to Market Perform. Shares gained 5.5% to $0.4780.
The downgrade may not have a significant impact as the stock price increased, suggesting other positive factors influencing investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
RBC Capital downgraded Rapid7 from Outperform to Sector Perform, lowering the price target from $50 to $40. Shares gained 1.5% to $34.35.
The downgrade and reduced price target may limit upside potential, but the stock's gain suggests resilience or other positive market factors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100