A flurry of changes to analyst ratings has shaken up the investment landscape this week, with several major companies seeing their outlooks adjusted by Wall Street experts. Here’s a breakdown of the notable downgrades:
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Smartsheet Inc. (SMAR):
Needham analyst Scott Berg downgraded Smartsheet from Buy to Hold, maintaining a price target of $57. Despite the downgrade, Smartsheet shares closed Tuesday at $55.46, reflecting a 6.5% gain.*
Global Payments Inc. (GPN):
BTIG analyst Andrew Harte lowered his rating for Global Payments from Buy to Neutral. The news led to a 6.5% drop in the company’s stock, closing at $103.81 on Tuesday.*
Expedia Group, Inc. (EXPE):
TD Cowen analyst Kevin Kopelman downgraded Expedia from Buy to Hold, setting a price target of $150. However, Expedia shares still managed a 2.7% increase, closing at $147.92 on Tuesday.*
Union Pacific Corporation (UNP):
Evercore ISI Group analyst Jonathan Chappell downgraded Union Pacific from Outperform to In-Line, slashing the price target from $254 to $247. Despite the downgrade, Union Pacific shares gained 2%, closing at $248.96 on Tuesday.*
Ford Motor Company (F):
Morgan Stanley analyst Adam Jonas downgraded Ford from Overweight to Equal-Weight and lowered the price target from $16 to $12. This resulted in a 0.4% dip in Ford’s stock, closing at $10.87 on Tuesday.These analyst rating changes provide valuable insights into the current market sentiment surrounding these companies. Investors are encouraged to consider these developments as they evaluate their own investment strategies.
