Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
- Goldman Sachs cut Oshkosh Corporation (NYSE:OSK) price target from $135 to $116. Goldman Sachs analyst Jerry Revich maintained a Neutral rating. Oshkosh shares closed at $95.54 on Tuesday. See how other analysts view this stock.
- TD Securities slashed the price target for BP p.l.c. (NYSE:BP) from $40 to $36. TD Securities analyst Jason Gabelman downgraded the stock from Buy to Hold. BP shares closed at $34.22 on Tuesday. See how other analysts view this stock.
- Scotiabank raised The Mosaic Company (NYSE:MOS) price target from $31 to $34. Scotiabank analyst Ben Isaacson maintained a Sector Outperform rating. Mosaic shares closed at $27.20 on Tuesday. See how other analysts view this stock.
- Citigroup cut the price target for THOR Industries, Inc. (NYSE:THO) from $94 to $86. Citigroup analyst James Hardiman downgraded the stock from Buy to Neutral. THOR Industries shares closed at $81.80 on Tuesday. See how other analysts view this stock.
- JP Morgan cut the price target for Vulcan Materials Company (NYSE:VMC) from $290 to $285. JP Morgan analyst Adrian Huerta upgraded the stock from Neutral to Overweight. Vulcan Materials shares closed at $236.50 on Tuesday. See how other analysts view this stock.
- Mizuho cut Accenture plc (NYSE:ACN) price target from $428 to $398. Mizuho analyst Dan Dolev maintained an Outperform rating. Accenture shares settled at $324.07 on Tuesday. See how other analysts view this stock.
- Stifel lowered Chipotle Mexican Grill, Inc. (NYSE:CMG) price target from $68 to $65. Stifel analyst Chris O'Cull maintained a Buy rating. Chipotle shares closed at $47.79 on Tuesday. See how other analysts view this stock.
- B of A Securities raised Corning Incorporated (NYSE:GLW) price target from $65 to $68. B of A Securities analyst Wamsi Mohan maintained a Buy rating. Corning shares closed at $47.27 on Tuesday. See how other analysts view this stock.
- Baird increased the price target for RTX Corporation (NYSE:RTX) from $136 to $160. Baird analyst Peter Arment upgraded the stock from Neutral to Outperform. RTX shares settled at $132.69 on Tuesday. See how other analysts view this stock.
- Baird slashed Adobe Inc. (NASDAQ:ADBE) price target from $490 to $410. Baird analyst Rob Oliver maintained a Neutral rating. Adobe shares closed at $391.37 on Tuesday. See how other analysts view this stock.
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Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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