This Boston Scientific 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 Q2 Holdings, Zuora, T-Mobile US, Old Dominion Freight Line, and Boston Scientific. Despite downgrades, some price targets were raised.
October 18, 2024 | 1:35 pm
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NEUTRAL IMPACT
Citigroup downgraded Q2 Holdings from Buy to Neutral but raised the price target from $72 to $90.
The downgrade from Buy to Neutral suggests a less optimistic outlook, but the raised price target indicates potential for price appreciation. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Scotiabank downgraded T-Mobile US from Sector Outperform to Sector Perform but increased the price target to $236.
The downgrade suggests a less favorable view, but the increased price target indicates potential for growth, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Needham downgraded Boston Scientific from Buy to Hold, maintaining the price target at $86.
The downgrade from Buy to Hold suggests a less favorable outlook, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
BMO Capital downgraded Old Dominion Freight Line from Outperform to Market Perform and lowered the price target to $210.
The downgrade and lowered price target suggest a less optimistic outlook, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Lake Street downgraded Zuora from Buy to Hold with a $10 price target.
The downgrade from Buy to Hold and a price target close to the current price suggests limited upside, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100