This Qualcomm Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded major companies, including American Express, Qualcomm, Constellation Brands, Otis Worldwide, and Synaptics. These downgrades have led to a decline in the stock prices of these companies.
October 08, 2024 | 12:45 pm
News sentiment analysis
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NEGATIVE IMPACT
HSBC downgraded American Express from Buy to Hold, causing a 0.8% drop in its stock price.
The downgrade from Buy to Hold by HSBC suggests a less optimistic outlook, likely leading to reduced investor confidence and a short-term price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wolfe Research downgraded Otis Worldwide from Outperform to Peer Perform, resulting in a 0.5% decrease in its stock price.
The downgrade reflects a neutral stance, which may lead to reduced investor enthusiasm and a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Keybanc downgraded Qualcomm from Overweight to Sector Weight, resulting in a 1.2% decrease in its stock price.
The downgrade indicates a shift in analyst sentiment, which can lead to decreased investor confidence and a short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
TD Cowen downgraded Constellation Brands from Buy to Hold and reduced the price target, leading to a 1.5% drop in its stock price.
The downgrade and reduced price target suggest a less favorable outlook, likely leading to decreased investor confidence and a short-term price decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Keybanc downgraded Synaptics from Overweight to Sector Weight, causing a 0.4% drop in its stock price.
The downgrade suggests a less favorable outlook, likely leading to decreased investor confidence and a short-term price decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70