This General Dynamics 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 ArcelorMittal, Flywire, General Dynamics, Qorvo, and Mobileye. These downgrades may impact the short-term stock performance of these companies.
October 11, 2024 | 1:27 pm
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NEUTRAL IMPACT
JP Morgan downgraded ArcelorMittal from Overweight to Neutral, which may affect investor sentiment.
The downgrade from Overweight to Neutral by JP Morgan suggests a less bullish outlook, which could lead to a neutral or slightly negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wells Fargo downgraded Flywire from Overweight to Equal-Weight and reduced the price target, indicating a less optimistic view.
The downgrade and reduced price target by Wells Fargo suggest a less favorable outlook, likely leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Seaport Global downgraded General Dynamics from Buy to Neutral, which may lead to decreased investor confidence.
The downgrade from Buy to Neutral by Seaport Global indicates a shift in sentiment, likely resulting in a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Mizuho downgraded Mobileye from Outperform to Neutral and significantly lowered the price target, indicating a bearish outlook.
The downgrade and drastic reduction in price target by Mizuho suggest a bearish outlook, likely resulting in a negative short-term impact on the stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Morgan Stanley downgraded Qorvo from Overweight to Equal-Weight and lowered the price target, suggesting a cautious outlook.
The downgrade and reduced price target by Morgan Stanley reflect a more cautious stance, likely leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85