Bank of America To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets for several major companies, including WEX Inc., The Trade Desk, Aramark, McDonald's, Coty, Goldman Sachs, UnitedHealth, Las Vegas Sands, Citigroup, and Bank of America. These changes reflect varying outlooks, with some companies receiving target increases and others decreases.
October 16, 2024 | 7:24 pm
News sentiment analysis
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POSITIVE IMPACT
Goldman Sachs raised Aramark's price target from $38 to $41, maintaining a Buy rating. Shares closed at $39.01.
The price target increase and Buy rating indicate a positive short-term outlook for Aramark.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Oppenheimer raised Bank of America's price target from $49 to $50, maintaining an Outperform rating. Shares closed at $42.14.
The target increase and Outperform rating suggest a positive short-term outlook for BAC.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Susquehanna raised Las Vegas Sands' price target from $51 to $59, maintaining a Positive rating. Shares closed at $50.95.
The target increase and Positive rating suggest a favorable short-term outlook for LVS.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup boosted The Trade Desk's price target from $115 to $140, maintaining a Buy rating. Shares closed at $117.68.
The increased price target and Buy rating suggest a positive short-term outlook for TTD.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Evercore ISI Group increased Citigroup's price target from $63 to $64, maintaining an In-Line rating. Shares closed at $62.64.
The slight target increase and In-Line rating suggest limited short-term movement for Citigroup.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
JP Morgan raised Goldman Sachs' price target from $472 to $520, maintaining an Overweight rating. Shares closed at $522.38.
The target increase aligns with the current price, suggesting limited short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
TD Cowen raised McDonald's price target from $280 to $300, maintaining a Hold rating. Shares closed at $313.34.
Despite the target increase, the Hold rating suggests limited short-term movement for McDonald's.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Jefferies raised WEX Inc.'s price target from $190 to $210, maintaining a Hold rating. WEX shares closed at $213.76.
The price target increase suggests a positive outlook, but the Hold rating indicates limited short-term upside.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
DA Davidson cut Coty's price target from $17 to $14.5, maintaining a Buy rating. Shares closed at $8.18.
The target cut suggests a negative outlook, but the Buy rating indicates potential long-term value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
UBS cut UnitedHealth's price target from $680 to $650, maintaining a Buy rating. Shares closed at $556.29.
The target cut suggests a negative short-term outlook, despite the Buy rating.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80