Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe…
March 27 2024 - 8:13AM
IH Market News
Every morning, investors wake up to a flurry of analysts’
recommendations that can significantly impact their investment
decisions. These insights often reflect changes in market
sentiment, strategic shifts within companies, and evolving economic
landscapes. Here’s a roundup of notable analyst recommendations
covering North America for March 27th:
FedEx Corporation (NYSE: FDX) BNP Paribas Exane
has downgraded FedEx Corporation from neutral to underperform,
setting a target price of USD 250. This downgrade suggests a
cautious outlook on FedEx’s performance, potentially indicating
challenges or headwinds ahead for the company.
Visa, Inc. (NYSE: V) Redburn Atlantic
downgraded Visa, Inc. from buy to neutral but simultaneously raised
its price target from USD 280 to USD 307. This mixed recommendation
could reflect a belief that Visa’s growth prospects remain solid,
albeit with less room for significant upside in the near term.
Wells Fargo & Company (NYSE: WFC) Keefe
Bruyette & Woods downgraded Wells Fargo & Company from
outperform to market perform while increasing the price target from
USD 56 to USD 62. This adjustment may signal a tempered enthusiasm
for the bank’s performance, despite the upward revision in its
target price.
Doordash, Inc. (NYSE: DASH) JMP Securities
maintains its market outperform recommendation for Doordash, Inc.
and has raised the target price from USD 130 to USD 160. This
bullish stance suggests confidence in Doordash’s ability to
continue its growth trajectory in the competitive food delivery
market.
Uber Technologies, Inc. (NYSE: UBER)
MoffettNathanson LLC maintains a buy recommendation on Uber
Technologies, Inc., with the target price increased from USD 76 to
USD 92. This upward adjustment reflects optimism about Uber’s
prospects and its ability to capitalize on evolving transportation
and delivery trends.
Adobe Inc. (NASDAQ: ADBE) President Capital
Management Corp maintains a buy recommendation on Adobe Inc. while
reducing the target price from USD 670 to USD 613. This adjustment
may reflect a reassessment of Adobe’s valuation amid changing
market conditions.
Cisco Systems, Inc. (NASDAQ: CSCO) DZ Bank AG
Research maintains a hold recommendation on Cisco Systems, Inc. and
has raised the price target from USD 48 to USD 50. This suggests a
neutral stance on Cisco’s prospects with a slight upward adjustment
in the target price.
Salesforce.com, Inc. (NYSE: CRM) Fubon
Securities maintains a buy recommendation on Salesforce.com, Inc.
and increases the target price from USD 347 to USD 358. This
indicates continued confidence in Salesforce’s growth trajectory
and market position.
Spotify Technology S.a. (NYSE: SPOT) HSBC has
initiated a buy recommendation on Spotify Technology S.a. with a
target price of USD 310. This bullish initiation suggests optimism
about Spotify’s ability to capitalize on the expanding digital
entertainment market.
These analyst recommendations provide valuable insights into
market sentiment and offer investors a glimpse into the factors
driving stock movements. However, it’s essential for investors to
conduct thorough research and consider various factors before
making investment decisions. Market dynamics can change rapidly,
and staying informed is crucial for navigating the ever-evolving
landscape of finance and investment.
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