Top Wall Street analysts have made significant changes to their price targets and ratings for several major companies, reflecting shifting market sentiments. Notably, the outlook for Honeywell International Inc. has improved, with an increased price target from $218 to $255 by JP Morgan, which upgraded the stock from Neutral to Overweight. Honeywell shares closed at $215.02 on Thursday.
In contrast, Deutsche Bank revised its outlook on Shift4 Payments Inc., lowering the price target from $100 to $65 and downgrading the stock from Buy to Hold. Shift4 Payments shares ended the day at $65.91. Analysts are keeping a close eye on this rapidly evolving stock.
Another notable change came from Morgan Stanley, which raised the price target for Rocket Lab Corp from $67 to $105. The stock was upgraded from Equal-Weight to Overweight, with shares closing at $90.76 on Thursday. This adjustment signals strong investor confidence in Rocket Lab’s performance.
On the downside, Morgan Stanley also cut the price target for Kraft Heinz Co from $27 to $24, downgrading the stock from Equal-Weight to Underweight. Kraft Heinz shares closed at $24.25, indicating a potential decline in investor optimism.
Truist Securities adjusted its rating for Penumbra Inc., raising the price target from $370 to $374 but downgrading the stock from Buy to Hold. Penumbra shares closed at $350.49, maintaining a steady position in the market.
Meanwhile, Needham raised the price target for Advanced Energy Industries Inc. from $225 to $290, while maintaining a Buy rating. Advanced Energy shares closed at $257.29, reflecting positive investor sentiment.
In other updates, B of A Securities reduced the price target for Ermenegildo Zegna NV from $11.50 to $11.20, shifting its rating from Buy to Neutral. The stock settled at $11.02, suggesting a cautious approach from analysts.
Morgan Stanley also cut the price target for MGM Resorts International from $40 to $33, downgrading the stock from Equal-Weight to Underweight. MGM Resorts shares closed at $35.41, as the company navigates a challenging market landscape.
Finally, Keefe, Bruyette & Woods increased the price target for The Goldman Sachs Group, Inc. from $971 to $1,000, maintaining a Market Perform rating. Goldman Sachs shares settled at $975.86, indicating a stable outlook.
These adjustments illustrate the dynamic nature of the stock market and the varying perceptions of analysts regarding the potential for growth and risk in these firms. Investors are encouraged to monitor these changes closely as they make informed decisions about their portfolios.
