Wall Street analysts have been busy adjusting their outlooks on various companies, resulting in a flurry of price target changes and rating updates. Here’s a rundown of some of the most notable shifts:
AvalonBay Communities (AVB)
: Truist Securities raised its price target for AvalonBay Communities from $213 to $230, while maintaining a Hold rating. Despite the increased target, AvalonBay shares dipped 0.8% on Monday, closing at $219.92.Versus Systems (VS)
: HC Wainwright & Co. lowered its price target for Versus Systems from $2 to $1.5, also maintaining a Neutral rating. This move coincided with a 4.3% drop in Versus Systems shares, ending the day at $1.35.Coterra Energy (CTRA)
: Roth MKM upgraded Coterra Energy from Neutral to Buy, accompanied by a price target increase from $25 to $29. Coterra Energy shares saw a slight gain of 0.2%, closing at $24.20.The Hershey Company (HSY)
: Citigroup downgraded The Hershey Company from Neutral to Sell, trimming its price target from $195 to $182. Despite the negative rating, Hershey shares rose slightly by 0.04%, finishing the day at $196.41.Twilio (TWLO)
: Bernstein maintained a Market Perform rating for Twilio, but lifted its price target from $68 to $70. However, Twilio shares closed down 0.2% at $60.67.Cogent Communications Holdings (CCOI)
: Keybanc maintained an Overweight rating for Cogent Communications and increased its price target from $80 to $90. Cogent Communications shares closed 0.2% lower at $72.81.Napco Security Technologies (NSSC)
: Needham kept its Buy rating for Napco Security but raised its price target from $52 to $57. Despite the positive outlook, Napco Security shares experienced a significant 14.6% decline, closing at $47.38.The Coca-Cola Company (KO)
: Morgan Stanley maintained an Overweight rating for The Coca-Cola Company and boosted its price target from $70 to $78. This bullish sentiment led to a 1.5% gain in Coca-Cola shares, ending the day at $70.84.Frontier Communications Parent (FYBR)
: Benchmark maintained its Buy rating for Frontier Communications Parent and increased its price target from $35 to $37. Frontier Communications shares saw a 2.9% rise, closing at $29.46.Netflix, Inc. (NFLX)
: Evercore ISI Group maintained an Outperform rating for Netflix and raised its price target from $710 to $750. Netflix shares closed up 0.3% at $688.44.These analyst rating changes provide valuable insights into the current market sentiment and potential future trajectory of these companies. While analyst recommendations should be considered alongside other factors, they can offer a helpful perspective on investment opportunities.
