Wall Street analysts have been busy adjusting their views on several prominent companies, leading to a flurry of rating changes. Here’s a breakdown of some of the most notable moves:
Southwest Airlines (LUV):
Evercore ISI Group raised their price target for Southwest Airlines from $30 to $35, upgrading the stock from ‘In-Line’ to ‘Outperform.’ This positive outlook reflects confidence in the airline’s future performance. Southwest shares closed at $28.92 on Friday, up 0.6% for the day.CME Group Inc. (CME):
B of A Securities downgraded CME Group from ‘Neutral’ to ‘Underperform,’ lowering their price target from $212 to $177. This move suggests a less optimistic view of the company’s prospects. Despite the downgrade, CME Group shares closed at $215.74 on Friday, up 0.8%.Guidewire Software, Inc. (GWRE):
Baird maintained an ‘Outperform’ rating for Guidewire Software, while raising their price target from $152 to $165. This reflects continued confidence in the company’s growth potential. Guidewire shares closed at $148.77 on Friday, gaining 0.9%.Verb Technology Company, Inc. (VERB):
Ascendiant Capital maintained a ‘Buy’ rating for Verb Technology, but reduced their price target from $4.5 to $4. While optimistic, the reduced target reflects potential challenges. Verb Technology shares rose 3.3% to close at $0.0723 on Friday.The Progressive Corporation (PGR):
Keefe, Bruyette & Woods maintained an ‘Outperform’ rating for Progressive, boosting their price target from $255 to $275. This upward adjustment indicates a bullish view of the company’s future. Progressive shares gained 0.9% to close at $252.20 on Friday.NetApp, Inc. (NTAP):
Loop Capital upgraded NetApp from ‘Hold’ to ‘Buy,’ raising their price target from $121 to $150. This positive rating change signifies belief in the company’s growth trajectory. NetApp shares gained 1.3% to close at $120.72 on Friday.International Flavors & Fragrances Inc. (IFF):
Mizuho upgraded International Flavors & Fragrances from ‘Neutral’ to ‘Outperform,’ increasing their price target from $109 to $120. This indicates a more bullish outlook for the company. International Flavors & Fragrances shares rose 1% to close at $103.99 on Friday.Bilibili Inc. (BILI):
B of A Securities maintained a ‘Buy’ rating for Bilibili, while raising their price target from $18 to $19. This reflects continued confidence in the company’s growth potential. Bilibili shares rose 1.1% to close at $14.38 on Friday.The Boeing Company (BA):
Wells Fargo downgraded The Boeing Company from ‘Equal-Weight’ to ‘Underweight,’ slashing their price target from $185 to $119. This negative outlook indicates concerns about the company’s future performance. Despite the downgrade, Boeing shares gained 0.9% to close at $173.74 on Friday.Alphabet Inc. (GOOGL):
Morgan Stanley maintained an ‘Overweight’ rating for Alphabet, but cut their price target from $205 to $190. This suggests a somewhat less bullish outlook for the company. Alphabet shares gained 1% to close at $163.38 on Friday.These analyst rating changes provide insights into the current market sentiment surrounding these companies. Investors can use this information to make informed decisions about their portfolios, but remember, these are just opinions, and it’s crucial to conduct your own research before making any investment choices.
