This UPS Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded major companies, including Hertz Global Holdings, Prologis, United Parcel Service, SolarEdge Technologies, and Camping World Holdings. These downgrades reflect a more cautious outlook on these stocks.
October 21, 2024 | 12:51 pm
News sentiment analysis
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NEGATIVE IMPACT
JP Morgan downgraded Camping World Holdings from Overweight to Neutral, lowering the price target from $25 to $24.
The downgrade to Neutral and reduced price target by JP Morgan suggest a cautious outlook, likely leading to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
JP Morgan downgraded Hertz Global Holdings from Neutral to Underweight, indicating a bearish outlook.
The downgrade from Neutral to Underweight by JP Morgan suggests a negative outlook, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Goldman Sachs downgraded Prologis from Buy to Neutral and reduced the price target from $142 to $132.
The downgrade and reduced price target by Goldman Sachs indicate a less optimistic view, likely causing a short-term price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TD Cowen downgraded SolarEdge Technologies from Buy to Hold and lowered the price target from $35 to $16.
The downgrade and significant reduction in price target by TD Cowen indicate a negative outlook, likely causing a short-term price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Barclays downgraded UPS from Equal-Weight to Underweight, maintaining a price target of $120.
The downgrade to Underweight by Barclays suggests a bearish sentiment, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80