This Colgate-Palmolive Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including Ciena Corporation, GLOBALFOUNDRIES Inc., WSFS Financial Corporation, TriNet Group, Inc., and Colgate-Palmolive Company. These downgrades reflect a shift in analyst sentiment and could impact the stock prices of these companies.
October 28, 2024 | 1:26 pm
News sentiment analysis
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NEGATIVE IMPACT
Morgan Stanley downgraded Ciena Corporation from Overweight to Equal-Weight, maintaining a price target of $63. The stock closed at $64.12, indicating a potential neutral to negative short-term impact.
The downgrade from Overweight to Equal-Weight suggests a less bullish outlook, which could lead to a decrease in investor confidence and a potential decline in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stifel downgraded Colgate-Palmolive from Buy to Hold and lowered the price target from $105 to $101. The stock closed at $95.61, indicating a potential neutral to negative short-term impact.
The downgrade and reduced price target suggest a less optimistic outlook, which could lead to a decrease in investor confidence and a potential decline in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Morgan Stanley downgraded GLOBALFOUNDRIES from Overweight to Equal-Weight and reduced the price target from $53 to $43. The stock closed at $40.40, suggesting a potential negative short-term impact.
The downgrade and reduced price target indicate a less favorable outlook, likely leading to a decrease in investor confidence and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Needham downgraded TriNet Group from Buy to Hold, maintaining a price target of $140. The stock closed at $80.31, suggesting a potential neutral short-term impact.
The downgrade to Hold indicates a more cautious stance, which may result in limited stock price movement in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Janney Montgomery Scott downgraded WSFS Financial Corporation from Buy to Neutral. The stock closed at $49.10, indicating a potential neutral short-term impact.
The downgrade to Neutral suggests a more cautious outlook, which may stabilize the stock price without significant movement.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70