Analyst Ratings Updates – September 12, 2024

Here is a detailed overview of the latest analyst ratings and updates for Visa, Lucid Motors, JP Morgan Chase, Sun Life Financial, and Home Depot:

Visa (V)

• Analyst Firm: Goldman Sachs & Co.
• Rating: Buy
• Price Target: USD 317 (unchanged)
• Date: September 12, 2024

Analysis: Goldman Sachs has maintained its “Buy” rating on Visa, keeping the price target steady at USD 317. This reflects sustained confidence in Visa’s strong market position and future growth prospects.

Lucid Motors (LCID)

• Analyst Firm: RBC Capital Markets
• Rating: Sector Perform
• Price Target: USD 3 (unchanged)
• Date: September 12, 2024

Analysis: RBC Capital Markets has reiterated its “Sector Perform” rating for Lucid Motors, keeping the price target at USD 3. This suggests that RBC expects Lucid Motors to perform in line with the broader automotive sector.

JP Morgan Chase (JPM)

• Analyst Firm: Morgan Stanley & Co.
• Rating: Overweight
• Price Target: Downgraded from USD 226 to USD 220
• Date: September 12, 2024

Analysis: Morgan Stanley & Co. has maintained an “Overweight” rating on JP Morgan Chase but has lowered the price target from USD 226 to USD 220. This indicates a slightly more cautious outlook, though still positive.

Sun Life Financial (SLF:CA)

• Analyst Firm: CIBC World Markets
• Rating: Outperform
• Price Target: CAD 80 (unchanged)
• Date: September 12, 2024

Analysis: CIBC World Markets has maintained its “Outperform” rating for Sun Life Financial, keeping the price target at CAD 80. This suggests continued confidence in Sun Life’s performance relative to the broader market.

Home Depot (HD)

• Analyst Firm: Telsey Advisory Group
• Rating: Market Perform
• Price Target: USD 360 (unchanged)
• Date: September 12, 2024

Analysis: Telsey Advisory Group has reiterated its “Market Perform” rating on Home Depot, maintaining the price target at USD 360. This suggests a neutral outlook, with Home Depot expected to perform in line with the broader market.