This Uber 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 Uber, Fortinet, SolarEdge, Spire, and Capri Holdings. These downgrades reflect a shift in analyst sentiment and could impact stock prices in the short term.
October 17, 2024 | 12:54 pm
News sentiment analysis
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NEUTRAL IMPACT
Wells Fargo downgraded Capri Holdings from Overweight to Equal-Weight with a maintained price target of $42. Capri shares closed at $43.04.
The downgrade to Equal-Weight suggests a neutral stance, with the price target close to the current price, indicating limited impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Daiwa Capital downgraded Uber from Outperform to Neutral with a price target of $84. Uber shares closed at $83.20.
The downgrade from Outperform to Neutral suggests a less optimistic view on Uber's future performance, but the price target is close to the current price, indicating limited downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Mizuho downgraded Fortinet from Neutral to Underperform with a maintained price target of $68. Fortinet shares closed at $82.64.
The downgrade to Underperform with a price target significantly below the current price suggests potential downside for Fortinet's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Guggenheim downgraded SolarEdge from Neutral to Sell with a price target of $10. SolarEdge shares closed at $18.19.
The downgrade to Sell with a price target far below the current price indicates a strong bearish outlook for SolarEdge.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ladenburg Thalmann downgraded Spire from Neutral to Sell and lowered the price target from $65.5 to $60.5. Spire shares closed at $65.56.
The downgrade to Sell and reduced price target suggest a negative outlook for Spire, with potential for price decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100