Walmart To Rally Over 22%? Analyst Forecasts for Broadcom and AES

Major Wall Street analysts have recently updated their outlook on several prominent stocks, including The AES Corporation and Walmart. Below is a summary of key analyst rating changes, including notable price target adjustments and current stock ratings.

The AES Corporation

Barclays has significantly reduced the price target for The AES Corporation AES from $23 to $17, while maintaining an Overweight rating. Following the update, AES shares closed at $13.41 as of Thursday. The stock remains under the watchful eye of other analysts who have varying opinions on its potential performance.

Walmart Inc.

Tigress Financial has made a noteworthy adjustment to the price target for Walmart Inc. WMT, raising it from $86 to $115. Analyst Ivan Feinseth retained a Buy rating on the stock, which closed at $93.88 on Thursday, suggesting a potential upward rally of over 22%.

Other Notable Stocks

Other analysts have also made significant adjustments to various stocks:

• Morgan Stanley increased the price target for RH RH from $310 to $435, while maintaining an Equal-Weight rating. RH shares ended at $381.38 on Thursday.
• Rosenblatt has raised the price target for Ciena Corporation CIEN from $75 to $94, keeping a Neutral rating as shares closed at $84.52.
• Morgan Stanley lowered the price target for NIKE, Inc NKE from $82 to $80 but maintained an Equal-Weight rating, with shares closing at $77.96.
• JP Morgan cut the price target for D.R. Horton, Inc. DHI from $188 to $156 and downgraded the stock from Neutral to Underweight, as shares closed at $151.21.
• Stifel slashed the price target for Editas Medicine, Inc EDIT from $11 to $3, downgrading the stock from Buy to Hold, with shares closing at $1.89.
• Deutsche Bank increased the price target for Broadcom Inc. AVGO from $190 to $240, maintaining a Buy rating with shares closing at $180.66.
• JP Morgan decreased the price target for Meritage Homes Corporation MTH from $220 to $197, downgrading the stock from Overweight to Neutral, closing at $177.45.
• Barclays raised the price target for Marriott Vacations Worldwide Corporation VAC from $97 to $116 and upgraded the stock from Equal-Weight to Overweight, with shares at $94.85.

Overall, these updates from various analysts reflect the constantly changing landscape of the stock market and investor sentiment in different sectors. Always consider these expert opinions when making investment decisions.

Walmart, Analysts, Stocks