This Honeywell Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded major companies, including Newmont Corporation, The Kraft Heinz Company, Boot Barn Holdings, The Boston Beer Company, and Honeywell International. These downgrades reflect changes in analyst sentiment and price targets.
October 25, 2024 | 1:32 pm
News sentiment analysis
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NEUTRAL IMPACT
Craig-Hallum downgraded Boot Barn Holdings from Buy to Hold, but increased the price target from $154 to $162.
Despite the downgrade, the increased price target suggests mixed signals, likely resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Baird downgraded Honeywell International from Outperform to Neutral, lowering the price target from $223 to $217.
The downgrade and reduced price target suggest a more cautious outlook, likely resulting in a short-term negative impact on Honeywell's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stifel downgraded The Kraft Heinz Company from Buy to Hold, reducing the price target from $40 to $38.
The downgrade and lower price target indicate a more cautious stance on Kraft Heinz, potentially impacting its stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Scotiabank downgraded Newmont Corporation from Sector Outperform to Sector Perform, lowering the price target from $59 to $55.
The downgrade and reduced price target suggest a less optimistic outlook for Newmont, likely leading to short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jefferies downgraded The Boston Beer Company from Buy to Hold, cutting the price target from $355 to $325.
The downgrade and reduced price target reflect a less favorable view, likely leading to a negative short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100