Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Today's 2 Most Important Downgrades

Published 09/27/2022, 04:01 PM
Updated 09/27/2022, 04:05 PM
© Reuters.  Today's Most Important Downgrades

By Davit Kirakosyan

Keurig Dr Pepper Inc (NASDAQ:KDP) shares fell 3.5% today after Goldman Sachs (NYSE:GS) downgraded the company to Neutral from Buy and lowered its price target to $37.00 from $39.00. The analysts now see a more balanced risk/reward given their expectation that brewer household penetration starts to normalize, pod attach rates moderate and the company’s packaged beverage business growth & market share gains begin to slow in this environment.

UBS downgraded shares of CSX Corporation (NASDAQ:CSX) and Norfolk Southern Corporation (NYSE:NSC) to Neutral from Buy and cut the price target to $31 (from $38) and to $229 (from $282), respectively. According to the analysts, consensus 2023 estimates appear too high for U.S. rails with the macro backdrop deteriorating, expecting downward revisions from industrial-related and intermodal volume assumptions in the near term.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.