Top Ratings: Sept 30th

1. JP Morgan Chase (JPM)

• Rating Change: Downgraded by Morgan Stanley & Co.
• Previous Rating: Overweight
• New Rating: Equal-Weight
• Target Price: Lowered from USD 220 to USD 224.

Morgan Stanley’s downgrade of JP Morgan Chase indicates a more cautious outlook amid changing market conditions. The slight increase in target price suggests that analysts still see potential for growth, albeit at a more moderate pace than previously expected.

2. Ballard Power Systems Inc (BLDP)

• Rating Change: Target price cut by Citigroup.
• Previous Target Price: USD 3.50
• New Target Price: USD 2
• Rating: Neutral

Citigroup’s significant reduction in the target price for Ballard Power Systems reflects concerns about the company’s short-term prospects. This move highlights the challenges the sector faces, potentially due to market volatility and current demand metrics.

3. Alphabet Inc. (GOOGL)

• Rating: Piper Jaffray maintains Overweight.
• Target Price: USD 200.

Piper Jaffray’s continued confidence in Google, with a maintained Overweight rating, suggests that analysts expect the tech giant to navigate current challenges effectively.

4. Imperial Oil (IMO:CA)

• Rating Change: Downgraded by National Bank Financial.
• Previous Target Price: USD 120
• New Target Price: USD 112
• New Rating: Downgraded from Sector Perform to Sell.

National Bank Financials downgrade of Imperial Oil signals a more negative outlook for the energy sector, which may be influenced by fluctuating oil prices and geopolitical tensions.

5. IBM (IBM)

• Rating Change: Upgraded by Goldman Sachs.
• Previous Target Price: USD 220
• New Target Price: USD 250
• Rating: Buy

Goldman Sachs’ upgrade of IBM comes amid positive developments within the company, particularly in cloud computing and AI sectors. The raised target price suggests strong confidence in IBM’s ability to adapt and thrive in a competitive technology landscape.