Wall Street analysts have been busy adjusting their outlooks on a number of prominent companies, resulting in a mix of upgrades, downgrades, and price target modifications. Here’s a breakdown of some notable changes:
Semiconductors and Beyond
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ON Semiconductor Corporation (ON)
: Needham lowered its price target for ON Semiconductor from $92 to $87, but maintained a Buy rating. The semiconductor company closed at $72.24 on Monday.*
Ekso Bionics Holdings, Inc. (EKSO)
: HC Wainwright & Co. lowered its price target for Ekso Bionics from $10 to $9, while also maintaining a Buy rating. Ekso Bionics shares closed at $1.13 on Monday.*
TransMedics Group, Inc. (TMDX)
: Needham significantly slashed its price target for TransMedics from $208 to $109. Despite this adjustment, the analyst firm maintained a Buy rating. TransMedics shares closed at $126.24 on Monday.Retail and Consumer Goods
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V.F. Corporation (VFC)
: Telsey Advisory Group expressed a more optimistic view of V.F. Corporation, raising its price target from $19 to $21. However, the rating remained at Market Perform. V.F. Corporation shares settled at $17.03 on Monday.*
Boot Barn Holdings, Inc. (BOOT)
: BTIG showed confidence in Boot Barn, boosting its price target from $165 to $185 and maintaining a Buy rating. The stock closed at $161.22 on Monday.Other Notable Changes
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CEMEX, S.A.B. de C.V. (CX)
: JP Morgan downgraded CEMEX from Overweight to Neutral and cut its price target from $7 to $6. The stock closed at $5.46 on Monday.*
Summit Materials, Inc. (SUM)
: Barclays upgraded Summit Materials from Equal-Weight to Overweight and raised its price target from $45 to $52. The stock closed at $45.63 on Monday.*
Planet Fitness, Inc. (PLNT)
: Morgan Stanley maintained an Overweight rating for Planet Fitness while boosting its price target from $84 to $89. The stock settled at $81.25 on Monday.*
Agilysys, Inc. (AGYS)
: BTIG raised its price target for Agilysys from $118 to $124 and maintained a Buy rating. The stock closed at $111.49 on Monday.*
KKR & Co. Inc. (KKR)
: JMP Securities increased its price target for KKR from $150 to $155, maintaining a Market Outperform rating. The stock closed at $140.75 on Monday.This overview highlights a dynamic landscape in the stock market, with analysts carefully evaluating company performance and adjusting their predictions accordingly. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
