Wall Street analysts have been busy reevaluating their perspectives on a variety of prominent companies, leading to a flurry of upgrades and downgrades. This activity provides valuable insights into the shifting sentiments within the financial world. Here’s a breakdown of some of the most notable changes:
*
Globant S.A. (GLOB):
Piper Sandler analyst Arvind Ramnani maintained an “Overweight” rating for Globant and raised the price target from $238 to $240. The stock closed at $194.37 on Thursday, reflecting a 1.7% gain.*
Illumina, Inc. (ILMN):
Daiwa Capital analyst Narumi Nakagiri upgraded Illumina from “Neutral” to “Buy” and boosted the price target from $120 to $154. Illumina shares closed at $128.80 on Thursday, a 5.3% increase.*
Microchip Technology Incorporated (MCHP):
Piper Sandler analyst Harsh Kumar upgraded Microchip from “Neutral” to “Overweight” and increased the price target from $90 to $100. The stock finished Thursday at $81.30, representing a 4.1% gain.*
The Charles Schwab Corporation (SCHW):
Morgan Stanley analyst Michael Cyprys maintained an “Equal-Weight” rating for Charles Schwab, but lowered the price target from $71 to $70. The stock closed at $65.23 on Thursday, down 0.2%.*
Walmart Inc. (WMT):
Telsey Advisory Group analyst Joe Feldman maintained an “Outperform” rating for Walmart and raised the price target from $75 to $82. Walmart shares closed at $73.18 on Thursday, reflecting a 6.6% gain.*
Amcor plc (AMCR):
Baird analyst Ghansham Panjabi maintained a “Neutral” rating for Amcor and increased the price target from $10 to $11. The stock closed at $10.85 on Thursday, up 1.8%.*
Alibaba Group Holding Limited (BABA):
Baird analyst Colin Sebastian maintained an “Outperform” rating for Alibaba and increased the price target from $85 to $88. Alibaba shares closed at $79.54 on Thursday, a slight 0.1% increase.*
Deere & Company (DE):
B of A Securities analyst Ross Gilardi maintained a “Neutral” rating for Deere and raised the price target from $400 to $410. The stock closed at $373.26 on Thursday, up 6.3%.*
Fox Corporation (FOXA):
Wells Fargo analyst Steven Cahall upgraded Fox from “Underweight” to “Overweight” and increased the price target from $29 to $46. Fox shares closed at $38.99 on Thursday, down 0.2%.*
JD.com, Inc. (JD):
Benchmark analyst Fawne Jiang maintained a “Buy” rating for JD.com and lowered the price target from $55 to $47. The stock closed at $27.00 on Thursday, up 4.3%.These changes highlight the dynamic nature of the investment landscape. It’s crucial to stay informed about analyst recommendations and price targets as they can provide valuable insights into market trends and potential investment opportunities. Remember, however, that analysts’ opinions are not guarantees and investing always involves risk.
