This McDonald's Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have downgraded several major stocks, including McDonald's, TFI International, Enphase Energy, A.O. Smith, and Medpace Holdings. These downgrades reflect a shift in analyst sentiment and could impact stock prices in the short term.
October 23, 2024 | 12:21 pm
News sentiment analysis
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NEGATIVE IMPACT
Janney Montgomery Scott downgraded Enphase Energy from Buy to Neutral with a price target of $83, below its current price of $92.23.
The downgrade and lower price target suggest a less favorable outlook, likely causing a short-term decline in Enphase Energy's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Guggenheim downgraded McDonald's from Buy to Neutral with a $285 price target, below its current price of $314.69.
The downgrade from Buy to Neutral by Guggenheim suggests a less optimistic outlook, which could lead to a short-term decline in McDonald's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stifel downgraded TFI International from Buy to Hold, lowering the price target from $158 to $142, close to its current price of $135.89.
The downgrade and reduced price target indicate a more cautious outlook, potentially leading to a short-term price decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
DA Davidson downgraded A.O. Smith from Buy to Neutral with a price target of $80, slightly above its current price of $78.21.
The downgrade to Neutral with a price target close to the current price suggests limited short-term impact on A.O. Smith's stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
NEUTRAL IMPACT
Baird downgraded Medpace Holdings from Outperform to Neutral, reducing the price target from $413 to $349, above its current price of $326.54.
The downgrade and reduced price target, though still above the current price, suggest a neutral short-term impact on Medpace's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100