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Investment Updates: Analyst Ratings and Price Target Changes

Bruno T
Analysis & Opinion
April 24 2024 8:50AM

In a flurry of analyst activity, several key companies have undergone notable changes in their investment outlooks. Here are the details:

Airbnb, Inc. (ABNB)

Mizuho Securities has upgraded its rating on Airbnb from ‘Neutral’ to ‘Buy’. The firm also raised its price target for the stock from USD 150 to USD 200, signaling strong future growth prospects for the home rental giant.

Msci, Inc. (MSCI)

Deutsche Bank has upgraded Msci to ‘Buy’ from ‘Hold’, although it reduced its target price slightly from USD 613 to USD 569. In contrast, Oppenheimer has shifted its stance on Msci, downgrading it to ‘Market Perform’ from ‘Outperform’.

Philip Morris International, Inc. (PM)

SBG Securities has downgraded Philip Morris from ‘Buy’ to ‘Hold’, with a new target price set at USD 105.

Pultegroup, Inc. (PHM)

Zelman & Associates LLC has raised its rating on Pultegroup from ‘Neutral’ to ‘Outperform’. The target price has been increased from USD 114 to USD 126.75, reflecting optimism about the company’s future performance.

Sirius XM Holdings Inc. (SIRI)

Pivotal Research Group has upgraded Sirius XM to ‘Buy’ from ‘Hold’, lowering the target price marginally from USD 5.05 to USD 4.90. Meanwhile, Citi has downgraded Sirius XM to ‘Neutral’ from ‘Sell’, also reducing its target price from USD 4.10 to USD 3.30.

United Parcel Service Inc. (UPS)

Punto Research downgrades UPS from ‘Buy’ to ‘Hold’ but raises its price target from USD 137.77 to USD 146, suggesting a more cautious optimism.

RTX Corporation (RTX)

Morgan Stanley maintains its ‘Market Weight’ recommendation for RTX Corporation and raises the target price from USD 86 to USD 110, indicating a positive outlook for the company.

Spotify Technology S.A. (SPOT)

Wolfe Research maintains an ‘Outperform’ rating on Spotify, increasing the target price from USD 270 to USD 370. Similarly, Rosenblatt Securities maintains its ‘Buy’ rating, boosting the target price from USD 315 to USD 396.

Tesla, Inc. (TSLA)

Punto Research maintains a ‘Buy’ rating on Tesla but lowers the target price from USD 257.34 to USD 192.88, reflecting potential near-term challenges.

Ulta Beauty, Inc. (ULTA)

Wells Fargo continues with its ‘Underweight’ rating on Ulta Beauty, reducing the target price from USD 450 to USD 350, indicating potential headwinds for the retailer.

Walt Disney Company (DIS)

Redburn Atlantic maintains its ‘Sell’ rating on Disney but raises its target price from USD 82 to USD 100, suggesting that while the outlook remains cautious, there may be more value than previously anticipated.

These updates reflect the dynamic nature of the market and the diverse opinions of financial analysts, impacting investors’ decisions in these high-profile companies.