This Microsoft Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded major companies, including Microsoft, General Motors, GoDaddy, Ulta Beauty, and S&P Global. These downgrades reflect a shift in analyst sentiment and could impact stock prices in the short term.
September 23, 2024 | 1:07 pm
News sentiment analysis
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NEUTRAL IMPACT
Piper Sandler downgraded GoDaddy from Overweight to Neutral but raised the price target to $172, indicating mixed sentiment.
The downgrade to Neutral is offset by an increased price target, suggesting mixed sentiment and likely neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Bernstein downgraded General Motors from Outperform to Market Perform with a price target of $53, indicating a more cautious outlook.
The downgrade to Market Perform suggests a neutral stance on GM's stock, which may lead to a stabilization or slight decline in its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
DA Davidson downgraded Microsoft from Buy to Neutral with a price target of $475. This reflects a less bullish outlook on the stock.
The downgrade from Buy to Neutral by DA Davidson suggests a less optimistic view on Microsoft's future performance, which could lead to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Raymond James downgraded S&P Global from Outperform to Market Perform, indicating a neutral outlook.
The downgrade to Market Perform suggests a neutral stance on S&P Global's stock, which may lead to a stabilization or slight decline in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
TD Cowen downgraded Ulta Beauty from Buy to Hold with a price target of $395, reflecting a more cautious stance.
The downgrade to Hold suggests a more cautious outlook on Ulta Beauty, which could lead to a short-term decline in stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 100