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Recent Analyst Ratings and Price Target Adjustments for Major Companies in the Stock Market

Bruno T
Analysis & Opinion
April 16 2024 10:09AM

Recent updates in analysis and target price forecasts for several notable companies highlight significant movements in the stock market. Here are the latest adjustments by major financial institutions:

Advanced Micro Devices (AMD): HSBC upgraded the rating from “hold” to “buy” and raised the target price from $180 to $225, reflecting a positive outlook on the company’s potential.

Colgate-Palmolive Company: Baptista Research downgraded the rating from “hold” to “underperform,” though it increased the target price from $81.20 to $91, suggesting mixed expectations.

Edwards Lifesciences Corporation: Baptista Research downgraded from “buy” to “hold,” updating the target price from $85.10 to $99.10, indicating a moderated optimism.

Equifax Inc.: Downgraded by Baptista Research from “buy” to “hold” with a target price increase from $223.20 to $289, suggesting potential growth but with caution.

Honeywell International Inc.: Deutsche Bank downgraded from “buy” to “hold” and reduced the target price from $227 to $215, indicating a more conservative outlook.

Kroger: Wells Fargo changed from “overweight” to “equal weight,” increasing the target price from $58 to $65, adjusting the valuation but maintaining a neutral perspective.

Tyson Foods, Inc.: Barclays upgraded from “underweight” to “overweight” with a raised target price from $53 to $69, showing an optimistic view on the company.

GE Aerospace: Baptista Research maintained a “hold” rating, but increased the target price from $120 to $172, reflecting solid growth expectations.

Lam Research Corporation: Stifel maintained a “buy” rating, raising the target price from $850 to $1,050, indicating a high potential for appreciation.

Cheniere Energy, Inc.: Redburn Atlantic initiated coverage with a “neutral” recommendation and a target price of $442.

GE Vernova Inc.: Goldman Sachs started with a “buy” recommendation and a target price of $154, showing confidence in the company’s strategy.

Globalfoundries, Inc.: Evercore ISI began with an “Outperform” recommendation and a target price of $71.

Fair Isaac Corporation: Redburn Atlantic started with a “neutral” recommendation and an impressive target price of $1,113.

Microchip Technology, Inc.: Evercore ISI initiated with an “Outperform” recommendation and a target price of $106.

ON Semiconductor Corporation: Goldman Sachs maintained a “buy” rating, though it lowered the target price from $91 to $81, adjusting expectations despite an overall positive outlook.

These updates highlight a variety of analyst strategies and expectations, influencing investors and shaping market activity around these companies.

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