This Global Payments Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including Coherent Corp., Duke Energy, Gatos Silver, and Deckers Outdoor. Despite the downgrades, Coherent's price target was raised.
October 22, 2024 | 12:34 pm
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NEUTRAL IMPACT
Rosenblatt analyst downgraded Coherent Corp. from Buy to Neutral but increased the price target from $84 to $105.
The downgrade from Buy to Neutral suggests a less optimistic outlook, but the raised price target indicates some positive expectations, balancing the short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
BTIG analyst downgraded Deckers Outdoor from Buy to Neutral.
The downgrade from Buy to Neutral indicates a less optimistic outlook, likely resulting in a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Keybanc analyst downgraded Duke Energy from Overweight to Sector Weight.
The downgrade from Overweight to Sector Weight indicates a less favorable view, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Canaccord Genuity downgraded Gatos Silver from Buy to Hold.
The downgrade from Buy to Hold suggests reduced expectations for growth, likely leading to a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100