Wall Street Analyst Ratings: Upgrades, Downgrades, and Price Target Changes

Wall Street analysts have been busy adjusting their outlooks on a number of prominent companies, resulting in both upgrades and downgrades. Here’s a rundown of the most significant changes:

Needham

lowered its price target for

Immunocore Holdings plc (IMCR)

from $81 to $78 while maintaining a Buy rating. Despite the reduced price target, Immunocore’s stock fell 1.6% to close at $33.00 on Monday.

Baird

showed optimism for

Doximity, Inc. (DOCS)

, raising its price target from $41 to $45 and affirming an Outperform rating. Doximity shares responded positively, closing 0.3% higher at $39.44 on Monday.

B of A Securities

had a strong positive outlook on

GE Vernova Inc. (GEV)

, upgrading the stock from Neutral to Buy and boosting its price target from $200 to $300. GE Vernova shares climbed 1.9% to close at $229.93 on Monday.

Morgan Stanley

took a more cautious stance on

Adecoagro S.A. (AGRO)

, downgrading the stock from Overweight to Equal-Weight and lowering the price target from $14.5 to $12.5. Adecoagro shares dipped 0.2% to close at $11.55 on Monday.

Bernstein

reduced its price target for

Airbnb, Inc. (ABNB)

from $174 to $155, but maintained an Outperform rating. Despite the lowered target, Airbnb shares fell 0.2% to close at $117.55 on Monday.

Piper Sandler

expressed confidence in

Insulet Corporation (PODD)

, raising the price target from $230 to $285 and keeping an Overweight rating. Insulet shares saw a minimal increase, closing at $233.89 on Monday.

Stifel

lowered its price target for

BioMarin Pharmaceutical Inc. (BMRN)

from $115 to $87, maintaining a Buy rating. BioMarin Pharmaceutical shares took a significant hit, falling 17.7% to close at $69.86 on Monday.

TD Cowen

decreased its price target for

Topgolf Callaway Brands Corp. (MODG)

from $13 to $10, while retaining a Hold rating. Despite the lowered target, Topgolf Callaway Brands shares gained 2% to close at $10.40 on Monday.

Stifel

also lowered its price target for

Jabil Inc. (JBL)

from $135 to $130, but kept a Buy rating. Jabil shares closed down 0.2% at $105.72 on Monday.

B. Riley Securities

showed a more neutral stance on

Alcoa Corporation (AA)

, raising the price target from $37 to $41 while maintaining a Neutral rating. Alcoa shares surged 6.1% to close at $34.50 on Monday.

These analyst ratings and price target changes provide valuable insights into the current market sentiment surrounding these companies. Investors can use this information to make informed decisions about their investment strategies.