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Daily Investor Brief: Analysts’ Recommendations and Market Moves

Bruno T
Analysis & Opinion
February 29 2024 1:02AM

Noteworthy Recommendations:

American Express Company sees a downgrade from Morningstar to sell, adjusting the target price to $190.

American Tower Corporation receives an upgrade by Morningstar to buy, with a new target price set at $215.

Analog Devices, Inc.: Baptista Research modifies its stance to hold from outperform, with a slight decrease in the price target to $212.90.

Celanese Corporation‘s rating changes to hold by Baptista Research, with an increased target price of $163.

Cf Industries Holdings, Inc.: Piper Sandler & Co’s downgrade to underweight comes with a lowered target price of $82.

Formula One Group‘s coverage is dropped by Morningstar, alongside a downgrade to sell, setting the price target at $60.

Newmont Corporation enjoys an upgrade to buy from Jefferies, boosting its target price to $38.

Nvidia Corporation: Despite the downgrade to hold by Baptista Research, the price target sees a significant jump to $841.50.

Okta, Inc.‘s upgrade to buy by WestPark Capital is accompanied by a $140 target price.

Palo Alto Networks, Inc. sees a rating change to hold by Baptista Research, with an increased target price of $331.70.

Snowflake Inc.: Morgan Stanley’s downgrade to equal weight comes with a reduced price target of $175.

The Mosaic Company: Mixed reviews as Baptista Research upgrades to buy with a slightly adjusted target price, while Piper Sandler & Co downgrades to underweight, reducing the target price significantly.

Highlighted Adjustments in the Tech Sector:, Inc.: Multiple firms, including ROTH MKM and Raymond James, maintain a positive outlook, increasing their target prices significantly.

Consumer Goods and Retail:

Walmart Inc.: Baptista Research holds its rating but slashes the target price to $64.40.

Diageo Plc: Morningstar shifts its recommendation to hold with a target price of $157.

Mining and Resources:

Barrick Gold Corporation‘s upgrade to buy from Jefferies comes with an increased target price of $21.

Nutrien Ltd.: Faces a downgrade to underweight from Piper Sandler & Co, with a reduced target price of $54.