This Lennox International Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Several Wall Street analysts have downgraded their ratings for notable companies, including Commvault Systems, Lennox International, Noble Corporation, American Water Works, and Arcadium Lithium. These downgrades may impact the short-term stock performance of these companies.
October 15, 2024 | 1:18 pm
News sentiment analysis
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NEGATIVE IMPACT
Macquarie downgraded Arcadium Lithium from Outperform to Neutral with a price target of $5.85, suggesting a cautious outlook.
The downgrade to Neutral by Macquarie, along with a specific price target, indicates a cautious outlook, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Benchmark downgraded Noble Corporation from Buy to Hold, which may lead to a cautious investor approach.
The downgrade from Buy to Hold by Benchmark suggests a less favorable outlook, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mizuho downgraded American Water Works from Outperform to Neutral but raised the price target, indicating mixed signals.
The downgrade to Neutral by Mizuho, despite a raised price target, presents mixed signals, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Guggenheim downgraded Commvault Systems from Buy to Neutral, which may affect investor sentiment.
The downgrade from Buy to Neutral by Guggenheim suggests a less optimistic outlook, which could lead to a neutral or slightly negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Keybanc downgraded Lennox International from Overweight to Sector Weight, indicating a more cautious stance.
The downgrade from Overweight to Sector Weight by Keybanc reflects a more cautious view, which may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80