Wall Street analysts have been busy revising their outlooks on several prominent companies, delivering a mixed bag of news for investors. This week, several analysts downgraded their ratings and adjusted price targets, reflecting shifts in their assessments of these companies’ future performance.
Expeditors International (EXPD)
took a hit when TD Cowen analyst Jason Seidl downgraded the rating from Hold to Sell and lowered the price target from $112 to $106. This change in outlook came despite a 1.4% gain in Expeditors shares, closing at $123.02 on Friday.
Caterpillar Inc. (CAT)
also faced a downgrade, with Morgan Stanley analyst Angel Castillo moving the rating from Equal-Weight to Underweight. Castillo also lowered the price target from $349 to $332. Despite this downgrade, Caterpillar shares also saw a 1.4% increase, closing at $402.02 on Friday.
KeyCorp (KEY)
was downgraded by Baird analyst David George, who shifted the rating from Outperform to Neutral and significantly slashed the price target from $18 to $17. However, KeyCorp shares performed well, closing at $17.22 on Friday, a gain of 2.3%.
Triumph Group, Inc. (TGI)
was downgraded by JP Morgan analyst Seth Seifman, who moved the rating from Neutral to Underweight and reduced the price target from $15 to $12. Despite the downgrade, Triumph shares closed at $15.00, a substantial 6.2% increase.
Kura Oncology, Inc. (KURA)
was downgraded by Stifel analyst Bradley Canino, who changed the rating from Buy to Hold and lowered the price target from $26 to $19. The downgrade came as Kura Oncology shares closed at $18.58 on Friday, marking a 1.9% gain.These downgrades highlight a shifting sentiment among some Wall Street analysts, suggesting potential concerns about the future performance of these companies. Investors should closely monitor these developments and consider their own investment strategies in light of these analyst changes.
