Wall Street analysts have made some significant changes to their outlooks on several major companies, impacting stock prices and investor sentiment. Here’s a breakdown of the recent downgrades:
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Sonoco Products Company (SON)
: Wells Fargo analyst Gabe Hajde downgraded the rating from Equal-Weight to Underweight, lowering the price target from $54 to $52. This follows Sonoco shares dropping 0.5% to close at $50.57 on Tuesday.*
Iteris, Inc. (ITI)
: B. Riley Securities analyst Jeff Van Sinderen downgraded the rating from Buy to Neutral, slashing the price target from $8 to $7.2. Despite this, Iteris shares gained 0.4% to close at $7.06 on Tuesday.*
American Express Company (AXP)
: B of A Securities analyst Kenneth Bruce downgraded the rating from Buy to Neutral, maintaining the price target of $263. American Express shares fell 0.4% to close at $253.08 on Tuesday.*
Triumph Group, Inc. (TGI)
: Truist Securities analyst Michael Ciarmoli downgraded the rating from Buy to Hold, while cutting the price target from $17 to $15. Triumph shares fell 1.9% to settle at $13.41 on Tuesday.*
Aadi Bioscience, Inc. (AADI)
: TD Cowen analyst Boris Peaker downgraded the rating from Buy to Hold. However, Aadi Bioscience shares gained 3.9% to close at $1.62 on Tuesday.These downgrades highlight evolving market sentiment and potential challenges facing these companies. Investors should carefully consider these analyst changes when making investment decisions.
