Starbucks set to surge 21%: Analyst predictions for Monday
- Top Wall Street analysts have made significant changes to their outlooks on various stocks, including upgrades and downgrades.
- BMO Capital raised Starbucks Corporation's price target from $100 to $110, indicating a positive outlook.
- These adjustments reflect analysts' reassessments of market conditions and company performances.
Recent changes in analyst ratings have impacted various stocks, with notable adjustments made by top Wall Street firms. Ascendiant Capital raised the price target for Pro-Dex, Inc. from $28 to $30 while maintaining a Buy rating. In contrast, Summit Therapeutics experienced a decline of 1.8%, closing at $12.27, despite JP Morgan upgrading its stock from Neutral to Overweight. This reflects a broader trend of analysts reassessing their positions on several companies. United States Steel saw a gain of 4.3%, closing at $31.27, indicating positive market sentiment. Morgan Stanley also raised the price target for Costco Wholesale Corporation from $855 to $950, showcasing confidence in the retail sector. Meanwhile, LGI Homes and JetBlue experienced slight fluctuations in their stock prices, with LGI Homes rising by 0.8% and JetBlue falling by 1.7%. Colgate-Palmolive shares fell by 0.6%, closing at $107.86, while JP Morgan boosted Nucor Corporation's price target from $170 to $174, further emphasizing the mixed performance across different sectors. The upgrades and downgrades reflect analysts' ongoing evaluations of market conditions and company performances. BMO Capital's increase of Starbucks Corporation's price target from $100 to $110 indicates a positive outlook for the coffee giant. This adjustment aligns with the overall trend of analysts adjusting their forecasts based on recent market developments, suggesting a potential rally for Starbucks in the near future.