Top Analyst Ratings & Analysis: Aug 16th, 2024
Top Analyst Ratings
These are the “Top 5” most important analyst research reports for Friday August 16th, 2024:
Bank of Montreal
Analyst and Rating Change:
- Analyst: National Bank Financial
- Rating: Sector Perform
- Analyst Rank: #24
- Target Price: Cut to CAD 131 from 136
- Date: August 16, 2024
National Bank Financial has revised its target price for Bank of Montreal to CAD 131, down from$136. Despite this adjustment, the bank has maintained an “Outperform” rating for BMO, which reflects a positive outlook relative to the broader market or its sector.
JD.com
Analyst and Rating Change:
- Analyst: J.P. Morgan Chase & Co.
- Rating: Overweight
- Analyst Rank:#6
- Target Price: Raised to USD 36 from 33
- Date: August 16, 2024
J.P. Morgan Chase & Co. has recently upgraded its rating on the stock to “Overweight” from Equal Weight, indicating a more positive outlook. The firm has also increased its target price for the stock from USD 33 to USD 36. This upgrade reflects enhanced confidence in the stock’s future performance and suggests an expectation of increased value.
Lithium Americas
Analyst and Rating Change:
- Analyst: Deutsche Bank
- Rating: Hold from Buy
- Analyst Rank: #15
- Target Price: Downgraded from CAD 9 to CAD 2.50
- Date: August 16, 2024
Deutsche Bank has recently downgraded its rating on Lithium Americas from “Buy” to “Hold” and significantly reduced its target price from CAD 9 to CAD 2.50. This change reflects a shift in Deutsche Bank’s outlook on the company and its stock.
SentinelOne
- Analyst: Morgan Stanley & Co.
- Rating: Overweight
- Analyst Rank: #1
- Target Price: Increased from USD 25 to USD 27
- Date: August 16, 2024
Morgan Stanley & Co. has maintained an “Overweight” rating on SentinelOne, with a revised target price increase from USD 25 to USD 27. This adjustment suggests an optimistic view of SentinelOne’s stock performance, reflecting confidence in the company’s prospects and growth potential.
Royal Bank of Canada
- Analyst: National Bank Financial
- Rating: Outperform
- Analyst Rank: #24
- Target Price: Downgraded to CAD 160
- Date: August 16, 2024
National Bank Financial has downgraded their target price for Royal Bank of Canada to CAD 160 while maintaining an “Outperform” rating. This indicates that, although they believe the stock will perform better than the market, they have moderated their expectations for its future price based on recent analysis or changing conditions.
