Nike To $100? 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 Paylocity, Acuity Brands, The Marcus Corporation, PVH Corp., Salesforce, M&T Bank, Domino's Pizza, Prudential Financial, Union Pacific, and NIKE. These changes reflect varying outlooks on the companies' future performance.
October 02, 2024 | 1:14 pm
News sentiment analysis
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POSITIVE IMPACT
Baird increased Acuity Brands' price target from $280 to $318, maintaining a Neutral rating. Shares gained 8.7% to $299.35.
The significant price target increase and share price gain suggest positive sentiment. The Neutral rating tempers expectations, but short-term impact is likely positive.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Northland Capital Markets raised Salesforce's price target from $270 to $400, upgrading to Outperform. Shares fell 1% to $270.87.
The significant price target increase and upgrade to Outperform suggest strong positive expectations, despite the recent share price drop. Short-term impact is likely positive.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Morgan Stanley raised Domino's Pizza's price target from $515 to $520, maintaining an Overweight rating. Shares gained 0.1% to $430.66.
The slight increase in price target and maintained Overweight rating suggest positive sentiment, though the minimal share price gain indicates limited immediate impact. Short-term outlook is positive.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Benchmark raised Marcus Corporation's price target from $18 to $20, maintaining a Buy rating. Shares gained 0.5% to $15.15.
The price target increase and Buy rating indicate positive expectations, though the modest share price gain suggests limited immediate impact. Short-term outlook is positive.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Evercore ISI Group raised M&T Bank's price target from $187 to $210, upgrading to Outperform. Shares fell 3% to $172.72.
The upgrade and increased price target indicate positive expectations, though the share price drop suggests market caution. Short-term impact is likely positive.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Keybanc raised Paylocity's price target from $171 to $182, maintaining an Overweight rating. Shares fell 1.3% to $162.87.
The increase in price target suggests positive expectations, but the recent share price drop indicates market skepticism. Short-term impact is likely positive as the Overweight rating suggests potential upside.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
B of A Securities cut NIKE's price target from $104 to $100, maintaining a Buy rating. Shares gained 0.8% to $89.13.
The reduced price target suggests tempered expectations, but the maintained Buy rating and share price gain indicate some positive sentiment. Short-term impact is neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Piper Sandler raised Prudential Financial's price target from $121 to $127, maintaining a Neutral rating. Shares fell 1.4% to $119.36.
The price target increase suggests some positive expectations, but the Neutral rating and share price drop indicate mixed sentiment. Short-term impact is neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Susquehanna boosted Union Pacific's price target from $250 to $260, maintaining a Neutral rating. Shares fell 0.4% to $245.55.
The price target increase suggests some positive expectations, but the Neutral rating and share price drop indicate mixed sentiment. Short-term impact is neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
B of A Securities cut PVH Corp's price target from $130 to $107, downgrading from Buy to Neutral. Shares fell 3.2% to $97.64.
The downgrade and reduced price target reflect negative sentiment, leading to a share price drop. Short-term impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90