Top Analyst Ratings June 17th
- Adobe: Bernstein Raises Target to $660 from $653, Maintains Outperform
- Adobe: This refers to Adobe Inc., the multinational software company known for products like Photoshop, Illustrator, and Acrobat.
- Bernstein: A financial research and brokerage firm, officially known as AllianceBernstein.
- Raises Target to $660 from $653: Bernstein has increased its price target for Adobe’s stock from $653 to $660, indicating a positive outlook for the company’s stock performance.
- Maintains Outperform: Bernstein continues to recommend Adobe’s stock as one that is expected to perform better than the overall market or a specific benchmark.
- Citigroup: RBC Capital Raises Target to $66 from $63, Maintains Outperform
- Citigroup: This refers to Citigroup Inc., a multinational investment bank and financial services corporation.
- RBC Capital: The investment banking subsidiary of the Royal Bank of Canada.
- Raises Target to $66 from $63: RBC Capital has increased its price target for Citigroup’s stock from $63 to $66, suggesting improved expectations for the company’s financial performance.
- Maintains Outperform: RBC Capital continues to view Citigroup’s stock as likely to outperform the market or sector.
- Microsoft: Truist Maintains $600 Target, Buy Rating
- Microsoft: This refers to Microsoft Corporation, the technology company known for products like Windows, Office, and Azure.
- Truist: An American bank holding company formed through the merger of BB&T and SunTrust Banks.
- Maintains $600 Target: Truist has kept its price target for Microsoft’s stock at $600, indicating confidence in the company’s valuation.
- Buy Rating: Truist continues to recommend buying Microsoft’s stock, reflecting a strong belief in its potential for price appreciation.
- Nike: Morgan Stanley Cuts Target to $114 from $116, Maintains Overweight
- Nike: This refers to Nike, Inc., the multinational corporation engaged in the design, development, and marketing of footwear, apparel, equipment, and accessories.
- Morgan Stanley: A leading global financial services firm.
- Cuts Target to $114 from $116: Morgan Stanley has slightly reduced its price target for Nike’s stock from $116 to $114, possibly reflecting some short-term concerns or adjusted expectations.
- Maintains Overweight: Morgan Stanley continues to rate Nike’s stock as Overweight, suggesting it expects the stock to perform better than the average performance of stocks in the analyst’s coverage universe.
- Rivian Automotive: Cantor Fitzgerald Maintains $15 Target, Overweight
- Rivian Automotive: This refers to Rivian Automotive, Inc., an American electric vehicle manufacturer.
- Cantor Fitzgerald: A global financial services firm.
- Maintains $15 Target: Cantor Fitzgerald has kept its price target for Rivian’s stock at $15, indicating steady confidence in the company’s valuation.
- Overweight: Cantor Fitzgerald continues to rate Rivian’s stock as Overweight, suggesting it expects the stock to outperform in comparison to the average performance of stocks within the analyst’s coverage.
