Seagate To Rally More Than 24%? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several companies, including Seagate, McDonald's, and Regeneron Pharmaceuticals. Notable changes include a price target increase for Seagate and a downgrade for McDonald's.
October 23, 2024 | 2:45 pm
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POSITIVE IMPACT
Rosenblatt increased Seagate's price target from $125 to $140, maintaining a Buy rating. This suggests a positive outlook for Seagate, which closed at $112.64.
The increase in price target and maintained Buy rating from Rosenblatt indicates strong confidence in Seagate's future performance, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Barclays cut Regeneron's price target from $1,220 to $1,080 but maintained an Overweight rating. This reflects a cautious yet positive stance on Regeneron's stock.
While the price target was reduced, the maintained Overweight rating suggests a balanced view, leading to a neutral short-term impact on Regeneron's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Baird cut McDonald's price target from $320 to $290 and downgraded the stock from Outperform to Neutral. This indicates a less optimistic view on McDonald's future performance.
The downgrade and reduced price target from Baird suggest a negative outlook for McDonald's, likely leading to a short-term decline in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100