On Wall Street, analysts have been shaking things up, dishing out their latest predictions. For the complete picture of all analyst rating changes, including upgrades and downgrades, be sure to check out our analyst ratings page.
- Is that a choir of angels? No, it’s Keybanc, raising the price target for Broadcom Inc. AVGO. The target has skyrocketed from $1,000 to $1,200, with Keybanc analyst John Vinh maintaining an Overweight rating. Broadcom shares experienced a slight dip, closing at $972.00 on Wednesday. Let’s hear what the other analysts have to say about this rockstar stock.
- Deutsche Bank has also jumped on the bandwagon, increasing the price target for HUTCHMED (China) Limited HCM to $22.1 from $20. The upgrade came from Deutsche Bank analyst Cyrus Ng, who moved the stock from a Hold to a Buy. HUTCHMED shares were singing a happy tune, closing at $18.24 on Wednesday. Let’s see what the other analysts are singing about this stock.
- Meanwhile, Needham seems to have hit a sour note, slashing the price target for Allot Ltd. ALLT from $4 to $2.5. Needham analyst Alex Henderson kept the rating at Buy, but the discordant news has left Allot shares closing at $1.36 on Wednesday. Let’s see if other analysts are in harmony with this outlook.
- Over at Citigroup, the tune has changed for LexinFintech Holdings Ltd. LX, as the price target was slashed from $3.86 to $2.12. Citigroup analyst Judy Zhang downgraded the stock from Buy to Neutral. LexinFintech shares, however, managed to hit the high notes with a 3.4% gain, reaching $2.11 in pre-market trading. Let’s see if other analysts are whistling the same tune for this stock.
- Then there’s Morgan Stanley, who seems to be singing a different tune for American Eagle Outfitters, Inc. AEO, cutting the price target from $14 to $13. Despite this, American Eagle shares rose by 0.7% to $16.90 in pre-market trading. Let’s see if other analysts are humming along to this melody.
- On a similar note, Oppenheimer did a number on Ashford Inc. AINC, slashing the price target from $17 to $14. Maintaining an Outperform rating, Oppenheimer analyst Tyler Batory had Ashford shares gaining 3.1% to close at $5.34 on Wednesday. Let’s harmonize with other analysts on this stock.
- Morgan Stanley also adjusted the score for Robinhood Markets, Inc. HOOD, lowering the price target from $12 to $11. Analyst Michael Cyprys maintained an Equal-Weight rating as Robinhood shares rose 0.2% to $8.23 in pre-market trading. Let’s see if other analysts are singing the same tune for this stock.
- In a similar key change, B of A Securities slashed the price target for Companhia Energética de Minas Gerais – CEMIG CIG, down from $3.2 to $2.6. Arthur Pereira, an analyst at B of A Securities, downgraded the stock from Buy to Neutral. Companhia Energética de Minas Gerais shares fell by 4.8% to $2.17 in pre-market trading. Let’s see if other analysts are in tune with this outlook for the stock.
- The melody continues as Morgan Stanley adjusted the key for Urban Outfitters, Inc. URBN, lowering the price target from $42 to $36. With the rating shifting from Overweight to Equal-Weight, Urban Outfitters shares experienced a 1.1% dip to $31.46 in pre-market trading. Let’s see if other analysts are tapping their feet to the same rhythm for this stock.
- Lastly, HSBC seems to be conducting a symphony with their forecast for Linde plc LIN. The price target has been raised from $440 to $447 by HSBC analyst Martin Evans, who maintained a Buy rating. Despite this, Linde shares fell 0.1% to close at $411.62 on Wednesday. Let’s hear if the other analysts are singing in harmony with this note.
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