Finance

Wall Street Analysts Update Their Outlooks on Leading Stocks

Published August 23, 2024

Wall Street analysts have recently adjusted their outlooks on several high-profile stocks, influencing market expectations and investment decisions. Among these, Toll Brothers, Inc. TOL, a prominent home construction company, is garnering attention with an anticipated rally of approximately 19%. For investors and market observers seeking a comprehensive understanding of all analyst rating changes, including upgrades and downgrades, it's recommended to review detailed analyst ratings summaries. In recent developments, Evercore ISI Group has revised the price target for retail giant Walmart Inc. WMT from $78 to $80, indicating a positive outlook for the company's stock.

Company Specific Updates

Citigroup Inc. C, a leading global investment bank, has its roots in the merger of Citicorp and Travelers Group, with a rich history dating back to 1998. Headquartered in New York City, it has grown into a multinational financial services corporation with Citicorp as its primary holding for Citibank and various international subsidiaries.

The off-price department store conglomerate, The TJX Companies, Inc. TJX, operates from its Massachusetts headquarters, providing consumers with value through its international network of stores. Snowflake Inc. SNOW, stands out in the tech sector, offering cloud-based data platform services internationally from its base in San Mateo, California. The biotechnology firm Cocrystal Pharma, Inc. COCP, headquartered in Bothell, Washington, is focused on the development of antiviral treatments for chronic diseases.

Morgan Stanley MS, synonymous with financial expertise, is anchored in the bustling Midtown Manhattan. On the retail front, Macy's, Inc. M showcases a dynamic omnichannel retail presence with its various brands. Urban Outfitters, Inc. URBN, catering to consumer products, calls Philadelphia, Pennsylvania its home.

Addressing the industrial property space, EastGroup Properties, Inc. EGP concentrates on property development and operations in the ever-growing Sunbelt markets. In cybersecurity, SentinelOne, Inc. S centralizes its innovative services in Mountain View, California. Zoom Video Communications, Inc. ZM continues to dominate video communication platforms from its San Jose headquarters.

Adding to the list is Wells Fargo & Company WFC, another titan in the financial services industry, spanning across the United States with a variety of managerial and corporate offices. Lastly, Walmart Inc.'s status as a retail behemoth is reaffirmed by the recent positive adjustment in its price target, signifying potential growth in the eyes of analysts.

Analysts, Stocks, Forecasts