Analysts Ratings Coverage for US Markets
Here’s an expansion on the analyst ratings and target price actions for various stocks as of October 25, 2023:
Archer-Daniels-Midland Company (ADM)
Analyst: Stephens
Industry: Food Processing
Rating Action: Stephens maintains an “Equal-Weight” rating, but they have lowered the target price from USD 80 to USD 75 for ADM, which has a market capitalization of 39.59 billion USD. This suggests a more cautious stance on this common stock listed on the New York Stock Exchange (NYSE).
Ameren Corporation (AEE)
Analyst: Morgan Stanley & Co.
Industry: Utilities – Electric
Rating Action: Morgan Stanley maintains an “Equal Weight” rating but has lowered the target price from USD 84 to USD 80 for Ameren Corporation, which operates in the electric utilities sector and has a market cap of 20.40 billion USD.
American Electric Power Company, Inc. (AEP)
Analyst: Morgan Stanley & Co.
Industry: Utilities – Electric
Rating Action: Morgan Stanley maintains an “Overweight” rating but has lowered the target price from USD 97 to USD 93 for AEP. This indicates a continued positive outlook for the common stock, with a market capitalization of 38.50 billion USD in the electric utilities sector.
The AES Corporation (AES)
Analyst: Morgan Stanley & Co.
Industry: Utilities – Independent Power Producers
Rating Action: Morgan Stanley maintains an “Overweight” rating with a target price reduction from USD 29 to USD 26 for The AES Corporation. This suggests confidence in the stock’s prospects, with a market capitalization of 9.27 billion USD.
Affirm Holdings Inc (AFRM)
Analyst: Compass Point Research & Trading
Industry: Financial Services
Rating Action: Compass Point Research & Trading has downgraded AFRM from “Neutral” to “Sell” with a target price of USD 13. This indicates a less favorable view for this financial services common stock, with a market cap of 5.74 billion USD in the electronic payment services sector.
Dover Corporation (DOV)
Analyst: RBC
Industry: Industrial Machinery
Rating Action: RBC maintains a “Sector Perform” rating but has lowered the target price from USD 149 to USD 145 for Dover Corporation, which has a market capitalization of 18.80 billion USD. This suggests a more cautious stance within the industrial machinery sector.
Entergy Corporation (ETR)
Analyst: Morgan Stanley & Co.
Industry: Utilities – Electric
Rating Action: Morgan Stanley maintains an “Underweight” rating with a target price reduction from USD 97 to USD 92 for Entergy Corporation. This implies a bearish outlook for the stock in the electric utilities sector, with a market cap of 19.74 billion USD.
Etsy Inc (ETSY)
Analyst: Citigroup
Industry: E-commerce
Rating Action: Citigroup has downgraded ETSY from “Buy” to “Neutral” with a target price reduction from USD 114 to USD 67. This indicates a less optimistic view for this e-commerce company with a market capitalization of 8.05 billion USD.
F5 Networks Inc (FFIV)
Analyst: KeyBanc Capital Markets
Industry: Information Technology – Networking
Rating Action: KeyBanc Capital Markets maintains an “Overweight” rating with a target price of USD 186 for F5 Networks Inc. This indicates a positive outlook for the common stock, which operates in the networking sector and has a market capitalization of 8.81 billion USD.
General Electric Company (GE)
Analyst: RBC
Industry: Conglomerates
Rating Action: RBC maintains an “Outperform” rating and a target price of USD 131 for General Electric (GE). The company, with a market cap of 116.40 billion USD, is part of the conglomerates sector, and this rating suggests confidence in its performance.
Corning Incorporated (GLW)
Analyst: Deutsche Bank
Industry: Electronic Components
Rating Action: Deutsche Bank has downgraded GLW from “Hold” to “Downgrades” and lowered the target price from USD 37 to USD 30. This indicates a less favorable view for the company, which specializes in electronic components and has a market capitalization of 23.40 billion USD.
Alphabet Inc. Class A (GOOGL)
Analysts: Piper Jaffray Companies and RBC
Industry: Technology – Internet
Rating Action: Piper Jaffray Companies maintains an “Overweight” rating with a target price of USD 150, while RBC reiterated an “Outperform” rating. Alphabet Inc. Class A, part of the technology – internet sector, has a significant market capitalization of 1,744.03 billion USD.
3M Company (MMM)
Analyst: RBC
Industry: Conglomerates
Rating Action: RBC maintains an “Underperform” rating and a target price of USD 83 for 3M Company. The company, with a market cap of 48.06 billion USD, is part of the conglomerates sector, and this rating suggests a more cautious stance.
Microsoft Corporation (MSFT)
Analyst: Piper Jaffray Companies
Industry: Software – Infrastructure
Rating Action: Piper Jaffray Companies maintains an “Overweight” rating with an increased target price from USD 400 to USD 425 for Microsoft Corporation, which has a massive market cap of 2,452.64 billion USD. This indicates a positive outlook for the software-infrastructure company.
Spotify Technology S.A. (SPOT)
Analyst: Truist Financial
Industry: Technology – Internet
Rating Action: Truist Financial maintains a “Buy” rating with a target price increase from USD 176 to USD 190 for Spotify Technology, which operates in the internet technology sector and has a market capitalization of 29.89 billion USD.
Texas Instruments Incorporated (TXN)
Analyst: Truist Financial
Industry: Semiconductor Equipment & Materials
Rating Action: Truist Financial maintains a “Hold” rating and a target price of USD 150 for Texas Instruments Incorporated, which is part of the semiconductor equipment and materials sector. The company has a market capitalization of 137.05 billion USD.
USANA Health Sciences, Inc. (USNA)
Analyst: D. A. Davidson & Co.
Industry: Household & Personal Products
Rating Action: D. A. Davidson & Co. maintains a “Neutral” rating but has lowered the target price from USD 62 to USD 53 for USANA Health Sciences, a company in the household and personal products industry with a market cap of 1.11 billion USD.
Utz Brands Inc (UTZ)
Analyst: Jefferies & Company
Industry: Processed & Packaged Goods
Rating Action: Jefferies & Company initiates coverage with a “Buy” rating for Utz Brands Inc, setting a target price of USD 15. This indicates a favorable view for the company in the processed and packaged goods industry, with a market capitalization of 0.97 billion USD.
Visa Inc. Class A (V)
Analyst: Raymond James
Industry: Financial Services
Rating Action: Raymond James maintains an “Outperform” rating with a target price of USD 287 for Visa Inc. Class A, a financial services company with a substantial market cap of 486.28 billion USD.
Walmart Inc (WMT)
Analyst: Tigress Financial Partners
Industry: Retail – Supermarkets
Rating Action: Tigress Financial Partners maintains a “Buy” rating with a target price of USD 196 for Walmart Inc, a major player in the retail – supermarkets sector with a market capitalization of 432.72 billion USD.
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