Wall Street Analyst Ratings: A Summary of Recent Changes
This report summarizes recent changes in analyst ratings for several prominent companies. These changes reflect analysts’ evolving assessments of the companies’ financial prospects and overall market conditions. It’s crucial to remember that analyst ratings are just one factor to consider when making investment decisions and should not be the sole basis for any investment strategy. Always conduct thorough research and consult with a financial advisor before investing.
Nike (NKE): Price Target Lowered
Truist Securities lowered its price target for Nike (NKE) from $97 to $90, maintaining a Buy rating. Despite the lowered target, the analyst remains optimistic about the company’s long-term prospects. Nike closed at $77.10 on Thursday. The adjustment likely reflects recent market trends and the overall state of the consumer retail sector.
Darden Restaurants (DRI): Price Target Raised
Stifel Nicolaus increased its price target for Darden Restaurants (DRI) from $190 to $205, also maintaining a Buy rating. This upward revision suggests a positive outlook on the restaurant chain’s performance, possibly driven by factors like strong earnings or positive consumer spending trends. Darden closed at $183.44 on Thursday.
T. Rowe Price Group (TROW): Price Target Slightly Increased
Keefe, Bruyette & Woods raised the price target for T. Rowe Price Group (TROW) from $114 to $116, but maintained a Market Perform rating. This indicates a somewhat more cautious outlook compared to the Buy ratings seen in other companies. T. Rowe Price shares closed at $112.97 on Thursday. The slight increase could be attributed to various factors including market performance and the company’s financial reports.
Lennar Corporation (LEN): Price Target Reduced
UBS lowered its price target for Lennar Corporation (LEN) from $225 to $205 while maintaining a Buy rating. This reduction likely reflects concerns about the housing market’s recent performance and potential future challenges facing the homebuilding sector. Lennar settled at $138.40 on Thursday.
FedEx Corporation (FDX): Price Target Significantly Increased
Stifel raised its price target for FedEx (FDX) significantly, from $321 to $368, maintaining a Buy rating. This substantial increase signifies considerable optimism towards the company’s future earnings potential. FedEx closed at $275.88 on Thursday. This increase could be linked to the company’s recent financial performance or announcements of new strategic initiatives.
BlackBerry Limited (BB): Price Target Slightly Increased
Canaccord Genuity increased its price target for BlackBerry (BB) from $2.8 to $3, maintaining a Hold rating. This minor increase indicates a neutral stance by the analyst. BlackBerry shares closed at $2.98 on Thursday. The slight adjustment may reflect a reassessment based on recent company news and current market conditions.
General Mills, Inc. (GIS): Price Target Lowered
Barclays lowered its price target for General Mills (GIS) from $74 to $68 and maintained an Equal-Weight rating. This adjustment shows a less enthusiastic outlook. General Mills shares closed at $64.01 on Thursday. This downward revision might be linked to market dynamics and concerns regarding consumer spending habits.
Coinbase Global, Inc. (COIN): Price Target Significantly Increased
Keefe, Bruyette & Woods substantially increased its price target for Coinbase Global (COIN) from $165 to $275 while holding a Market Perform rating. This considerable increase suggests a revised assessment of the company’s potential, despite maintaining a more cautious rating. Coinbase shares settled at $273.92 on Thursday. The surge could be caused by crypto market fluctuations or positive company-related developments.
Brinker International, Inc. (EAT): Rating Upgrade and Price Target Increase
Morgan Stanley upgraded Brinker International (EAT) from Underweight to Equal-Weight and raised its price target from $70 to $115. This significant change indicates a notable shift in outlook. Brinker shares closed at $131.33 on Thursday. This reflects positive expectations towards the future growth of the company.
FactSet Research Systems Inc. (FDS): Price Target Raised
Stifel increased its price target for FactSet Research Systems (FDS) from $469 to $493 while maintaining a Hold rating. The increase shows a positive, though cautious, outlook. FactSet Research shares closed at $489.73 on Thursday. The price target revision probably reflects market performance and the company’s overall standing.
