Top Analyst Ratings:
StockTargetAdvisor.com today tracked and recorded almost 300 analyst ratings, with analysts updating their ratings and price targets for a range of high-profile companies. From upgrades in the tech and logistics sectors to mixed reviews in consumer goods, here are the top highlights from 262 recorded ratings on December 20th, 2024:
1. Barrick Gold (ABX)
- Target Update: RBC Capital Markets reiterated a Buy rating with a price target of CAD 30. This reflects optimism about the company’s stable production and potential to benefit from rising gold prices.
2. Amazon.com Inc (AMZN)
- Target Raised: Tigress Financial Partners upgraded its price target from USD 245 to USD 290, maintaining a Buy rating. The increase highlights Amazon’s strong holiday season performance and continued dominance in e-commerce and cloud services.
3. BlackBerry (BB)
- Target Raised: Robert W. Baird & Co. adjusted its price target from USD 3 to USD 3.5, keeping a Neutral rating. While cautious, the modest increase acknowledges BlackBerry’s potential in cybersecurity and IoT sectors.
- Additional Analyst Actions:
- TD Cowen: Upgraded to Buy, raising the target from USD 3.25 to USD 4.
- CIBC World Markets: Maintained an Outperform rating with a target of USD 3.
- Canaccord Genuity: Raised its target from USD 2.8 to USD 3, maintaining a Hold rating.
- Additional Analyst Actions:
4. FedEx Corporation (FDX)
- Upgrades and Target Adjustments:
- Loop Capital Markets: Upgraded to Buy, raising the price target from USD 288 to USD 365.
- BMO Capital Markets: Maintained a Market Perform rating while increasing the target from USD 300 to USD 330.
- Bank of America Merrill Lynch: Maintained a Buy rating, raising the target from USD 325 to USD 348.
- Stifel Nicolaus: Maintained a Buy rating, increasing the target from USD 321 to USD 368.
- J.P. Morgan Chase & Co.: Maintained an Overweight rating, adjusting the target from USD 366 to USD 370.
- Stephens: Lowered the target slightly from USD 350 to USD 345, maintaining an Overweight rating.
- UBS: Raised its target from USD 311 to USD 350, maintaining a Buy rating.
- TD Cowen: Adjusted its target from USD 328 to USD 337, reiterating a Buy rating.
- Overview: FedEx’s consistent upgrades reflect confidence in its operational improvements and ability to capitalize on growing e-commerce demand.
5. Nike, Inc. (NKE)
- Mixed Reviews:
- Morgan Stanley & Co.: Lowered its target from USD 80 to USD 74, maintaining an Equal Weight rating.
- Bank of America Merrill Lynch: Reduced the target from USD 95 to USD 90, maintaining a Buy rating.
- Barclays: Dropped its target from USD 79 to USD 70, reiterating an Equal Weight rating.
- Telsey Advisory Group: Downgraded to Market Perform, lowering the target from USD 93 to USD 80.
- Truist Financial: Maintained a Buy rating, reducing the target from USD 97 to USD 90.
- Needham & Company: Reiterated its Buy rating, holding the target steady at USD 84.
- Stifel Nicolaus: Maintained a Hold rating, adjusting the target from USD 79 to USD 75.
- Wells Fargo & Company: Maintained an Overweight rating, reducing the target from USD 92 to USD 90.
- UBS: Maintained a Neutral rating, lowering the target from USD 80 to USD 73.
- Analysis: Nike’s mixed ratings reflect concerns about slowing global demand and margin pressures, offset by optimism surrounding its brand resilience and innovation pipeline.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
