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Daily Investor Brief: Analysts’ Recommendations and Market Moves

Analysis & Opinion
February 29 2024 1:02AM

Noteworthy Recommendations:

American Express Company sees a downgrade from Morningstar to sell, adjusting the target price to $190.

American Tower Corporation receives an upgrade by Morningstar to buy, with a new target price set at $215.

Analog Devices, Inc.: Baptista Research modifies its stance to hold from outperform, with a slight decrease in the price target to $212.90.

Celanese Corporation‘s rating changes to hold by Baptista Research, with an increased target price of $163.

Cf Industries Holdings, Inc.: Piper Sandler & Co’s downgrade to underweight comes with a lowered target price of $82.

Formula One Group‘s coverage is dropped by Morningstar, alongside a downgrade to sell, setting the price target at $60.

Newmont Corporation enjoys an upgrade to buy from Jefferies, boosting its target price to $38.

Nvidia Corporation: Despite the downgrade to hold by Baptista Research, the price target sees a significant jump to $841.50.

Okta, Inc.‘s upgrade to buy by WestPark Capital is accompanied by a $140 target price.

Palo Alto Networks, Inc. sees a rating change to hold by Baptista Research, with an increased target price of $331.70.

Snowflake Inc.: Morgan Stanley’s downgrade to equal weight comes with a reduced price target of $175.

The Mosaic Company: Mixed reviews as Baptista Research upgrades to buy with a slightly adjusted target price, while Piper Sandler & Co downgrades to underweight, reducing the target price significantly.

Highlighted Adjustments in the Tech Sector:

Salesforce.com, Inc.: Multiple firms, including ROTH MKM and Raymond James, maintain a positive outlook, increasing their target prices significantly.

Consumer Goods and Retail:

Walmart Inc.: Baptista Research holds its rating but slashes the target price to $64.40.

Diageo Plc: Morningstar shifts its recommendation to hold with a target price of $157.

Mining and Resources:

Barrick Gold Corporation‘s upgrade to buy from Jefferies comes with an increased target price of $21.

Nutrien Ltd.: Faces a downgrade to underweight from Piper Sandler & Co, with a reduced target price of $54.

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This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.

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