This Ford Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including Smartsheet, Global Payments, Expedia, Union Pacific, and Ford. These downgrades reflect changes in analyst sentiment and could impact stock prices.
September 25, 2024 | 1:05 pm
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NEUTRAL IMPACT
TD Cowen analyst Kevin Kopelman downgraded Expedia from Buy to Hold with a price target of $150. Shares rose 2.7% to $147.92.
The downgrade to Hold suggests a cautious outlook, but the recent price increase indicates some positive sentiment remains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Needham analyst Scott Berg downgraded Smartsheet from Buy to Hold, maintaining a price target of $57. The stock closed at $55.46, up 6.5%.
The downgrade from Buy to Hold suggests a neutral outlook, which may limit further short-term upside despite the recent price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Evercore ISI Group analyst Jonathan Chappell downgraded Union Pacific from Outperform to In-Line, reducing the price target to $247. Shares gained 2% to $248.96.
The downgrade to In-Line and reduced price target suggest limited upside, but the share price increase shows some investor confidence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley analyst Adam Jonas downgraded Ford from Overweight to Equal-Weight, cutting the price target from $16 to $12. Shares fell 0.4% to $10.87.
The downgrade and significant cut in price target indicate a negative outlook, likely leading to further short-term pressure on Ford's stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
BTIG analyst Andrew Harte downgraded Global Payments from Buy to Neutral. The stock fell 6.5% to $103.81.
The downgrade to Neutral and the significant drop in share price indicate a negative short-term impact on Global Payments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80