Top Wall Street analysts have recently changed their outlook on several notable companies. These changes include upgrades and downgrades, providing investors with valuable insights into the potential future performance of these stocks.
One of the companies that received a positive outlook from analysts is Ralph Lauren Corporation (RL). Telsey Advisory Group raised the price target for the company from $165 to $195 and maintained an Outperform rating. This news led to a 16.8% jump in Ralph Lauren shares, which closed at $171.85 on Thursday.
On the other hand, Bunge Global SA (BG) saw its price target cut by HSBC from $122 to $105. However, HSBC analyst Wesley Brooks upgraded the stock from Hold to Buy. Despite this upgrade, Bunge Global shares fell 1.7% to close at $86.50 on Thursday.
Inotiv, Inc. (NOTV) received a boost from Jefferies, which increased the price target from $3 to $11.5. Jefferies analyst David Windley also upgraded the stock from Hold to Buy. As a result, Inotiv shares gained 16.8% to close at $4.30 on Thursday.
Everest Group, Ltd. (EG) experienced a downgrade from Wells Fargo, with the price target being cut from $484 to $402. Wells Fargo analyst Elyse Greenspan downgraded the stock from Overweight to Equal-Weight. The market reacted negatively to this news, and Everest Group shares fell 7.7% to close at $354.56 on Thursday.
Spectrum Brands Holdings, Inc. (SPB) saw its price target boosted by Canaccord Genuity from $83 to $86. However, Canaccord Genuity analyst Brian McNamara downgraded the stock from Buy to Hold. Despite the downgrade, Spectrum Brands shares rose 7.7% to close at $86.10 on Thursday.
Citigroup cut the price target for Albemarle Corporation (ALB) from $175 to $120. Citigroup analyst Patrick Cunningham also downgraded the stock from Buy to Neutral. Albemarle shares fell 0.6% to close at $114.33 on Thursday.
CyberArk Software Ltd. (CYBR) received positive news from Needham, which increased the price target from $245 to $310. Needham analyst Alex Henderson maintained a Buy rating for the stock. This announcement led to a 7.6% gain in CyberArk Software shares, which closed at $261.60 on Thursday.
Paylocity Holding Corporation (PCTY) saw its price target boosted by Piper Sandler from $207 to $210. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating for the stock. Paylocity Holding shares gained 2.1% to close at $171.91 on Thursday.
Curis, Inc. (CRIS) experienced a significant price target cut from HC Wainwright & Co., with the target being reduced from $51 to $26. However, HC Wainwright & Co. analyst Edward White maintained a Buy rating for the stock. Curis shares rose 13.4% to close at $10.65 on Thursday.
Lastly, Liberty Global Ltd. (LBTYA) received a price target boost from Citigroup, which increased it from $20 to $24. Citigroup analyst Nayab Amjad also upgraded the stock from Neutral to Buy. Despite this positive news, Liberty Global shares fell 1.1% to close at $19.06 on Thursday.
These changes in analyst ratings provide valuable insights for investors looking to make informed decisions. It is important to consider these opinions alongside other research and analysis to gain a comprehensive view of the market.
