This Kraft Heinz Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including Kraft Heinz, Biogen, Brinker International, Arm Holdings, and Super Micro Computer. These downgrades reflect changes in their price targets and investment outlooks.
October 31, 2024 | 4:16 pm
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NEUTRAL IMPACT
JP Morgan downgraded Brinker International from Overweight to Neutral but raised the price target from $67 to $100. Shares closed at $104.25.
The downgrade to Neutral is offset by an increased price target, suggesting mixed signals for Brinker International, likely resulting in a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Bernstein downgraded Arm Holdings from Market Perform to Underperform, maintaining the price target of $100. Shares closed at $154.40.
The downgrade to Underperform with a maintained price target suggests a negative outlook, likely leading to short-term downward pressure on Arm Holdings' stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley downgraded Biogen from Overweight to Equal-Weight, lowering the price target from $285 to $204. Shares closed at $181.18.
The downgrade and significant reduction in price target indicate a less favorable view on Biogen, likely causing short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Deutsche Bank downgraded Kraft Heinz from Buy to Hold, lowering the price target from $39 to $35. Shares closed at $33.73.
The downgrade from Buy to Hold and the reduced price target suggest a less optimistic outlook for Kraft Heinz, likely leading to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Argus Research downgraded Super Micro Computer from Buy to Hold. Shares closed at $33.07.
The downgrade from Buy to Hold indicates a less favorable outlook, likely causing short-term negative impact on Super Micro Computer's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100