Wall Street analysts have been busy revising their outlook on a number of prominent companies, leading to changes in price targets and analyst ratings. Let’s take a look at some of the key shifts:
Exxon Mobil Corporation (XOM)
Redburn Atlantic has increased its price target for Exxon Mobil from $119 to $120. However, the firm’s analyst, Peter Low, has downgraded the stock from a Buy to a Neutral rating. Despite the downgrade, Exxon Mobil shares saw a positive day, closing up 1.8% at $117.36 on Monday.
Hut 8 Corp (HUT)
Needham analysts have raised the price target for Hut 8 Corp from $15 to $16.5. John Todaro, the Needham analyst covering the company, has maintained a Buy rating. Hut 8 shares followed suit, gaining 3.6% to close at $11.57 on Monday.
McKesson Corporation (MCK)
Baird has reduced its price target for McKesson Corporation from $603 to $531, and analyst Eric Coldwell has downgraded the stock from Outperform to Neutral. This news resulted in a slight dip for McKesson shares, closing down 0.6% at $505.00 on Monday.
BioNTech SE (BNTX)
Morgan Stanley has shown optimism for BioNTech SE, raising its price target from $93 to $145. Analyst Terence Flynn has upgraded the stock from Equal-Weight to Overweight. BioNTech shares closed up 0.7% at $113.05 on Monday.
Banc of California, Inc (BANC)
Wedbush analysts have upgraded Banc of California from Neutral to Outperform, increasing their price target from $14 to $18. Despite the upgrade, Banc of California shares closed down 1.4% at $14.84 on Monday.
Maplebear Inc (CART)
Morgan Stanley has reduced its price target for Maplebear Inc from $45 to $41, while maintaining an Equal-Weight rating. This news led to a 4.6% decline for Maplebear shares, closing at $40.22 on Monday.
Comerica Incorporated (CMA)
Wedbush has upgraded Comerica Incorporated from Neutral to Outperform and raised its price target from $52 to $75. Despite the upgrade, Comerica shares closed down 2.1% at $60.20 on Monday.
Celsius Holdings, Inc (CELH)
Piper Sandler has cut its price target for Celsius Holdings, Inc from $50 to $47, though maintaining an Overweight rating. Celsius shares closed down 1.1% at $32.80 on Monday.
Braze, Inc (BRZE)
Oppenheimer has reduced its price target for Braze, Inc from $60 to $51, but maintains an Outperform rating. Braze shares closed down 4.9% at $34.62 on Monday.
Light & Wonder, Inc (LNW)
Susquehanna has lowered its price target for Light & Wonder, Inc from $92 to $90. Joseph Stauff, the Susquehanna analyst, has maintained a Neutral rating. Light & Wonder shares closed up 0.1% at $112.68 on Monday.
These changes in analyst outlook provide valuable insights for investors considering these stocks. Keep in mind that these are just predictions and should not be taken as investment advice. It’s always essential to do your own research and consult with a financial advisor before making any investment decisions.
