This Huntington Ingalls Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday
Portfolio Pulse from Avi Kapoor
Several top Wall Street analysts have downgraded their ratings for major companies, including PayPal, Hyatt Hotels, Huntington Ingalls, Estee Lauder, and argenx. Despite downgrades, some price targets were raised, indicating mixed sentiment.
November 01, 2024 | 3:12 pm
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NEUTRAL IMPACT
Baird downgraded argenx from Outperform to Neutral but raised the price target to $650. Shares closed at $586.30.
The downgrade to Neutral suggests caution, but the raised price target indicates some positive expectations, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Phillip Securities downgraded PayPal from Buy to Accumulate but raised the price target to $90. Shares closed at $79.30.
The downgrade from Buy to Accumulate suggests a less bullish outlook, but the raised price target indicates some positive expectations. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
JP Morgan downgraded Estee Lauder from Overweight to Neutral and lowered the price target to $74. Shares closed at $68.94.
The downgrade and reduced price target indicate a negative outlook, likely resulting in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
HSBC downgraded Hyatt Hotels from Buy to Hold with a $156 price target. Shares closed at $145.45.
The downgrade from Buy to Hold indicates a less optimistic view, which could lead to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TD Cowen downgraded Huntington Ingalls from Buy to Hold with a $180 price target. Shares closed at $184.96.
The downgrade from Buy to Hold suggests a more cautious outlook, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80