This Yum! Brands Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including Emerson Electric, Enphase Energy, Omnicom Group, Yum! Brands, and Eastman Chemical. These downgrades reflect changes in analyst sentiment and price targets.
October 16, 2024 | 7:24 pm
News sentiment analysis
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NEUTRAL IMPACT
B of A Securities downgraded Eastman Chemical from Buy to Neutral, but raised the price target from $114 to $119.
The downgrade is balanced by an increased price target, suggesting a neutral short-term impact on EMN's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo downgraded Omnicom Group from Overweight to Equal-Weight, but raised the price target from $106 to $110.
The downgrade is offset by a raised price target, suggesting a neutral short-term impact on OMC's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Stephens & Co. downgraded Emerson Electric from Overweight to Equal-Weight, lowering the price target from $135 to $120.
The downgrade from Overweight to Equal-Weight and the reduction in price target suggest a less optimistic outlook, likely leading to short-term downward pressure on EMR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Susquehanna downgraded Enphase Energy from Positive to Neutral, slashing the price target from $147 to $104.
The downgrade and significant cut in price target indicate a more cautious stance, likely resulting in short-term negative impact on ENPH's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
TD Cowen downgraded Yum! Brands from Buy to Hold, setting a price target of $145.
The downgrade from Buy to Hold suggests a less favorable outlook, likely leading to short-term downward pressure on YUM's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100