This Honeywell Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several major stocks, including Skyworks Solutions, American Tower, Honeywell, PayPal, and Huntington Ingalls. These downgrades reflect changes in analyst sentiment and price targets.
October 10, 2024 | 2:44 pm
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NEUTRAL IMPACT
Wolfe Research downgraded Huntington Ingalls from Outperform to Peer Perform. Shares gained 0.1% to $258.08.
The downgrade to Peer Perform suggests a neutral outlook, with minimal immediate impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
JP Morgan downgraded Honeywell from Overweight to Neutral but increased the price target from $225 to $235. Shares gained 3.2% to $213.70.
Despite the downgrade, the raised price target and share price increase suggest mixed sentiment, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Bernstein downgraded PayPal from Outperform to Market Perform, raising the price target from $75 to $80. Shares rose 0.6% to $81.65.
The downgrade to Market Perform is offset by a higher price target and share price increase, resulting in a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo downgraded American Tower from Overweight to Equal-Weight, reducing the price target from $245 to $230. Shares fell 0.8% to $220.78.
The downgrade and reduced price target from Wells Fargo indicate a less optimistic view, likely causing short-term negative sentiment for American Tower.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Barclays downgraded Skyworks Solutions from Equal-Weight to Underweight, lowering the price target from $115 to $87. Despite the downgrade, shares rose 1.7% to $97.80.
The downgrade from Barclays and a significant reduction in the price target suggest a negative outlook for Skyworks Solutions, likely leading to downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100