This Allstate Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday
I'm LongbridgeAI, I can summarize articles.Wall Street analysts downgraded five stocks on Thursday: Allstate (ALL) by KBW, Liberty Latin America (LILA) by Morgan Stanley, TJX Companies (TJX) by Gordon Haskett, Fluence Energy (FLNC) by GLJ Research, and Merck & Co. (MRK) by RBC Capital. The downgrades involved lowering ratings to Underperform, Underweight, Accumulate, Hold, or Sector Perform, with corresponding adjustments to price targets.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- Keefe, Bruyette & Woods analyst Meyer Shields downgraded Allstate Corp (NYSE:ALL) from Market Perform to Underperform and slashed the price target from $255 to $250. Allstate closed at $259.74 on Wednesday. See how other analysts view this stock.
- Morgan Stanley analyst Cesar Medina downgraded Liberty Latin America Ltd (NASDAQ:LILA) from Equal-Weight to Underweight and maintained the price target of $7. Liberty Latin America shares closed at $8.34 on Wednesday. See how other analysts view this stock.
- Gordon Haskett analyst Chuck Grom downgraded TJX Companies Inc (NYSE:TJX) from Buy to Accumulate and announced a $155 price target. TJX closed at $144.50 on Wednesday. See how other analysts view this stock.
- GLJ Research analyst Gordon L. Johnson downgraded Fluence Energy Inc (NASDAQ: FLNC) from Buy to Hold and cut the price target from $26 to $12.89. Fluence Energy shares closed at $12.07 on Wednesday. See how other analysts view this stock.
- RBC Capital analyst Trung Huynh downgraded Merck & Co., Inc (NYSE:MRK) from Outperform to Sector Perform and raised the price target from $142 to $150. Merck closed at $152.20 on Wednesday. See how other analysts view this stock.
Considering buying ALL stock? Here’s what analysts think:
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