This Nordstrom Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including Nordstrom, Regency Centers, Park Hotels & Resorts, Northern Trust, and Sonos. These downgrades have led to varying impacts on the stock prices of these companies.
September 26, 2024 | 12:58 pm
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NEUTRAL IMPACT
Deutsche Bank downgraded Regency Centers from Buy to Hold, but increased the price target to $75. The stock fell 0.2%.
The downgrade to Hold indicates a neutral stance, but the raised price target suggests some positive outlook, resulting in a minor 0.2% stock price decrease.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Keybanc downgraded Nordstrom from Overweight to Sector Weight, causing a 2.5% drop in its stock price.
The downgrade from Overweight to Sector Weight by Keybanc suggests a less optimistic outlook, which likely contributed to the 2.5% decline in Nordstrom's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs downgraded Northern Trust from Neutral to Sell, reducing the price target to $82. The stock fell 0.7%.
The downgrade to Sell and reduced price target indicate a negative outlook, leading to a 0.7% decrease in Northern Trust's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wolfe Research downgraded Park Hotels & Resorts from Outperform to Peer Perform, leading to a 3.8% drop in stock price.
The downgrade to Peer Perform suggests a less favorable view, contributing to the significant 3.8% decline in Park Hotels & Resorts' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley downgraded Sonos from Overweight to Underweight, slashing the price target to $11. The stock fell 2%.
The downgrade to Underweight and significant price target reduction suggest a bearish outlook, resulting in a 2% decline in Sonos' stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100