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Market Shifts: Upgrades and Downgrades Sweep Across Tech, Finance, and Healthcare Stocks

Bruno T
Latest News
February 21 2024 6:36AM

In a flurry of rating adjustments, Morningstar has revised its evaluations for several prominent companies, reflecting the evolving market landscape and company-specific prospects.

Airbnb, Inc. experiences mixed revisions as Morningstar shifts from a sell to a hold, then to a sell from a hold, with price targets moving from $132 to $137 and back.

Akamai Technologies, Inc. receives an upgrade to hold from sell, with a new price target of $105, signaling a more optimistic outlook for the cloud service provider.

Align Technology, Inc., known for its dental products, sees a downgrade to hold from buy, with the price target set at $316, suggesting a cautious stance on the stock.

Alnylam Pharmaceuticals, Inc. enjoys an upgrade to buy from hold, with an encouraging price target of $199, reflecting positive sentiment towards its pharmaceutical innovations.

Amgen Inc. sees its rating improve to hold from sell, accompanied by a price target of $268, as Morningstar reevaluates the biotech firm’s growth potential.

Berkshire Hathaway B undergoes a downgrade to hold from buy, with a significant price target of $600,000, indicating a moderated outlook for the conglomerate.

Blackstone Inc. is downgraded to sell from hold, with a price target of $110, amid changing perceptions of the investment firm’s valuation.

Broadridge Financial Solutions, Inc. is upgraded to hold from sell, with a target price of $190, signaling a neutral stance on the financial technology provider.

Conagra Brands, Inc. receives an upgrade to buy from hold, with a price target of $31, highlighting potential growth in the consumer goods sector.

Copart, Inc. faces a downgrade to sell from hold, with a price target of $45, as Morningstar reassesses the online vehicle auction company’s market position.

Dexcom, Inc., specializing in glucose monitoring systems, is upgraded to hold from sell, with a target price of $105, indicating a stabilized market outlook.

Discover Financial Services sees varied opinions as RBC Capital and Wolfe Research adjust their ratings, reflecting diverse views on the financial services provider’s future.

Eli Lilly And Company receives a downgrade to hold from buy by DZ Bank AG Research, despite a raised price target from $790 to $820, suggesting a cautious approach amidst high expectations.

Fortive Corporation, involved in industrial technology, is downgraded to hold from buy with a target price of $88, as Morningstar evaluates its growth trajectory.

General Electric Company also faces a downgrade to hold from buy, with a target price of $154, reflecting a reevaluation of the conglomerate’s growth prospects in a changing industrial landscape.

Heico and Heico Corporation, both facing downgrades to sell from hold, with a target price of $171, indicate a bearish outlook on the aerospace and electronics manufacturer.

Hilton Worldwide Holdings Inc. is upgraded to hold from sell, with a target price of $178, suggesting a more favorable view of the hospitality giant’s recovery potential.

Icon Public Limited Company, a global provider of outsourced development services, is downgraded to sell from hold, with a target price of $243, reflecting concerns over its valuation.

Jacobs Solutions Inc., offering professional services, sees a downgrade to hold from buy, with a target price of $157, as Morningstar reassesses its growth and market position.

Lockheed Martin Corporation, a defense contractor, is upgraded to buy from hold, with a target price of $482, indicating confidence in its long-term prospects amidst global defense spending trends.

Markel Group Inc. receives an upgrade to hold from sell, with a target price of $1310, reflecting a neutral stance on the insurance and investment company’s future performance.

Meta Platforms, Inc. is downgraded to sell from hold, with a target price of $400, amid evolving challenges and opportunities in the tech and social media landscape.

Mongodb, Inc., known for its database platform, faces a downgrade to sell from hold, with a target price of $403, as Morningstar evaluates its growth prospects amid competitive pressures.

Norfolk Southern Corporation enjoys an upgrade to overweight from equal weight by Barclays, with a raised price target from $255 to $305, signaling optimism in the railroad company’s potential.

Palantir Technologies Inc. is downgraded to sell from hold, with a target price of $15, reflecting concerns over the data analytics company’s valuation and growth trajectory.

Palo Alto Networks, Inc. sees adjustments from Piper Sandler & Co and Capital One Securities, both adopting a more cautious stance on the cybersecurity firm’s near-term prospects.

Quest Diagnostics Incorporated is upgraded to buy from hold, with a target price of $143, highlighting potential growth in the diagnostics and laboratory services sector.

S&P Global, Inc. receives an upgrade to hold from sell, with a target price of $395, signaling a moderated yet optimistic view on the financial information and analytics provider.

Walmart Inc.: Morningstar downgrades to sell from hold with a target price of $147.

Walt Disney Company (The): Morningstar downgrades to hold from buy with a target price of $115.

Willis Towers Watson Public Limited Company: Morningstar downgrades to sell from hold with a target price of $241.

Xylem Inc.: Morningstar downgrades to sell from hold with a target price of $106.

Anglo American Plc: Morningstar upgrades to buy from hold with a target price of $13.70.

Rio Tinto Plc: Morningstar upgrades to buy from hold with a target price of $77.