General Motors To $42? 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, including General Motors, monday.com, Gorilla Technology, Textron, Wave Life Sciences, Foot Locker, Duolingo, Union Pacific, Lennar, and Global Payments. Notable changes include a downgrade for General Motors by Morgan Stanley and a significant price target increase for Wave Life Sciences by HC Wainwright & Co.
September 25, 2024 | 12:54 pm
News sentiment analysis
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NEGATIVE IMPACT
Morgan Stanley downgraded General Motors from Equal-Weight to Underweight and cut the price target from $47 to $42. Despite this, GM shares rose slightly by 0.1% to $48.07.
The downgrade and reduced price target by a major firm like Morgan Stanley typically indicate a negative outlook, which could lead to a short-term decline in GM's stock price. However, the slight increase in share price suggests mixed market reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Keybanc slashed Global Payments' price target from $145 to $135, maintaining an Overweight rating. Shares fell 6.5% to $103.81.
The significant reduction in price target suggests a negative outlook, contributing to the substantial decline in share price, despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
TD Cowen downgraded Textron from Buy to Hold and cut the price target from $103 to $95. Shares fell 0.2% to $86.68.
The downgrade and reduced price target suggest a less favorable outlook, likely contributing to the slight decline in share price. This indicates potential short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Baird cut Foot Locker's price target from $35 to $27, maintaining a Neutral rating. Shares gained 0.6% to close at $27.48.
The reduced price target suggests a less favorable outlook, but the maintained Neutral rating and slight share price increase indicate mixed market reactions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Northland Capital Markets raised Gorilla Technology's price target from $7 to $9, maintaining an Outperform rating. Despite this, shares fell 2.7% to $4.38.
The raised price target and Outperform rating suggest a positive outlook, but the decline in share price indicates market skepticism or other negative factors affecting the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Evercore ISI Group downgraded Union Pacific from Outperform to In-Line and cut the price target from $254 to $247. Shares gained 2% to close at $248.96.
The downgrade and reduced price target suggest a less favorable outlook, but the increase in share price indicates positive market sentiment or other favorable factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham raised Duolingo's price target from $245 to $310, maintaining a Buy rating. Shares fell 0.2% to $269.79.
The increased price target and maintained Buy rating suggest a positive outlook, but the slight decline in share price indicates potential short-term volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JMP Securities raised Lennar's price target from $170 to $210, maintaining a Market Outperform rating. Shares fell 0.8% to $184.23.
The increased price target and maintained Market Outperform rating suggest a positive outlook, but the decline in share price indicates potential short-term volatility.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Loop Capital increased the price target for monday.com from $285 to $310, maintaining a Buy rating. Shares gained 1.3% to close at $281.64.
The increased price target and maintained Buy rating suggest a positive outlook, likely contributing to the 1.3% rise in share price. This indicates potential short-term upward momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HC Wainwright & Co raised Wave Life Sciences' price target from $15 to $22, maintaining a Buy rating. Shares surged 53.4% to $8.19.
The significant increase in price target and maintained Buy rating, along with the substantial rise in share price, indicate strong positive sentiment and potential for continued upward momentum.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90