Wall Street Analyst Outlook Shifts: Top Stock Upgrades & Downgrades
The financial landscape is constantly evolving, and Wall Street analysts are constantly adjusting their views on the market. This week has seen a flurry of price target changes and rating updates, offering insights into the shifting sentiment on various companies.
Eli Lilly & Company (LLY)
saw a boost in its outlook with Citigroup raising its price target from $1,060 to $1,250 while maintaining a Buy rating. The stock closed at $891.32 on Thursday.Whirlpool Corporation (WHR)
received a less optimistic assessment from RBC Capital, which cut its price target from $76 to $74. The rating, however, remained at Underperform. Whirlpool shares finished at $110.37 on Thursday.LendingClub Corporation (LC)
received a vote of confidence from Maxim Group, which increased its price target from $16 to $19 and maintained a Buy rating. The stock closed at $13.82 on Thursday.Skechers U.S.A., Inc. (SKX)
saw a slight upward adjustment in its price target, with Deutsche Bank raising it from $83 to $84 while keeping a Buy rating. Skechers shares settled at $61.63 on Thursday.Waste Connections, Inc. (WCN)
saw a slight reduction in its price target as Raymond James lowered it from $208 to $205. Despite the adjustment, the rating remained at Strong Buy. Waste Connections shares closed at $178.56 on Thursday.Keurig Dr Pepper Inc. (KDP)
experienced a downward revision in its price target, with JP Morgan cutting it from $41 to $40. The rating, however, remained at Overweight. Keurig Dr Pepper shares closed at $34.94 on Thursday.Coursera, Inc. (COUR)
saw a significant reduction in its price target, with Cantor Fitzgerald lowering it from $22 to $10. The rating, however, remained at Overweight. Coursera shares settled at $7.62 on Thursday.Union Pacific Corporation (UNP)
experienced a slight decrease in its price target, with Stifel reducing it from $265 to $262. The rating, however, remained at Buy. Union Pacific shares closed at $230.75 on Thursday.The J. M. Smucker Company (SJM)
faced a downgrade from Stifel, which cut its price target from $135 to $125 and lowered the rating from Buy to Hold. Smucker shares closed at $117.04 on Thursday.Tesla, Inc. (TSLA)
saw a boost in its price target, with Piper Sandler raising it from $310 to $315 while maintaining an Overweight rating. Tesla shares closed at $260.48 on Thursday.These recent analyst adjustments highlight the dynamic nature of the stock market and provide investors with valuable insights into the current market sentiment. Keep an eye on these companies and other key market indicators to stay informed about potential opportunities and risks.
