This Li Auto Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including GE Vernova, Li Auto, Chubb Limited, Dine Brands Global, and BHP Group. Despite downgrades, some price targets were raised, indicating mixed sentiment.
October 04, 2024 | 2:25 pm
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NEGATIVE IMPACT
Jefferies downgraded BHP Group to Hold and reduced the price target to $68. Shares fell 2.5% to $60.89.
The downgrade to Hold and reduced price target indicate a negative outlook, contributing to the share price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
B of A Securities downgraded Chubb Limited to Underperform, raising the price target to $275. Shares fell 1% to $288.54.
The downgrade to Underperform indicates a negative outlook, reflected in the share price decline, despite a higher price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Truist Securities downgraded Dine Brands Global to Hold and lowered the price target to $37. Shares fell 2.9% to $33.55.
The downgrade to Hold and reduced price target suggest a negative outlook, leading to a significant share price drop.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Macquarie downgraded Li Auto from Outperform to Neutral, raising the price target to $33. Shares fell 3.6% to $28.82.
The downgrade to Neutral and the share price drop suggest a negative short-term impact, despite the increased price target.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
HSBC downgraded GE Vernova from Buy to Hold but increased the price target to $255. Shares rose 1% to $254.68.
The downgrade to Hold suggests a neutral outlook, but the raised price target indicates some positive expectations. The stock's slight increase reflects mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80