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Banking industry

Analysts Weigh In: Ratings Changes Across Key Sectors

Strategic Insights

— 1 min read

Boyd Gaming was upgraded by Credit Suisse from neutral to outperform, with a 12-month price target of $18, driven by positive management meetings. Citigroup was upgraded by Goldman Sachs from neutral to buy, also with a 12-month price target of $61, citing the company's better CCAR results. Gulfport Energy was upgraded by Wells Fargo from market perform to outperform, as it reaches an inflection point with its Utica asset. Conversely, Hess was downgraded by Deutsche Bank from buy to hold, with a 12-month price target of $75, due to continued heavy spending. Other notable upgrades include Coca-Cola at BMO Capital, Occidental Petroleum at Deutsche Bank, and Paccar also at BMO Capital, while Juniper was downgraded by MKM Partners and Pier 1 was downgraded by Wedbush.

Key Takeaways:

  • Twelve-month price targets were set for several companies: Boyd Gaming at $18, Citigroup at $61, Gulfport Energy at no price target specified, Coca-Cola at $48, Hess at $75, Juniper at $22, Occidental Petroleum at $90, and Paccar at $60.
  • The sector-specific upgrades were driven by management meetings, CCAR results, an inflection point with Utica assets, and reasonable earnings expectations.
  • The sector-specific downgrades were driven by continued spending, higher spending expectations, a more cautious outlook following store checks, and the potential for missing earnings expectations.
  • Companies upgraded include Boyd Gaming, Citigroup, Gulfport Energy, Coca-Cola, Occidental Petroleum, and Paccar.
  • Companies downgraded include Hess, Juniper, and Pier 1.
  • Analysts from various firms weighed in, including Credit Suisse, Goldman Sachs, Wells Fargo, Deutsche Bank, BMO Capital, MKM Partners, and Wedbush.
  • Investment opportunities and deterrents are emerging through these ratings changes, with careful consideration of individual company dynamics and broader market context.

Statistics:

  • 12-month price target for Boyd Gaming: $18
  • 12-month price target for Citigroup: $61
  • 12-month price target for Gulfport Energy: not specified
  • 12-month price target for Hess: $75
  • 12-month price target for Juniper: $22
  • 12-month price target for Occidental Petroleum: $90
  • 12-month price target for Paccar: $60

Sources:

  • TheStreet
  • Credit Suisse
  • Goldman Sachs
  • Wells Fargo
  • Deutsche Bank
  • BMO Capital
  • MKM Partners
  • Wedbush
  • Boyd Gaming
  • Citigroup
  • Gulfport Energy
  • Coca-Cola
  • Hess
  • Juniper
  • Occidental Petroleum
  • Paccar
  • Pier 1

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