© Reuters. Today’s Important Price Target Changes
By Davit Kirakosyan
Morgan Stanley cut its price targets on Visa (NYSE:) to $282 from $291 and on Mastercard Inc (NYSE:) to $441 from $457, based on FX headwinds due to the large international exposure. The analysts reiterated their Overweight Rating on both companies.
BofA Securities lowered its price target on Amazon (NASDAQ:) to $157 from $170, while maintaining a Buy rating. The analysts lowered their forward estimates, reflecting higher macroeconomic uncertainty as well as U.S. dollar appreciation since mid-August.
Deutsche Bank lowered the price target on Rite Aid Corporation (NYSE:) to $3.00 from $4.00, while maintaining a Sell rating. This was followed by the company’s announcement, which showed the company’s core pharmacy business continues to erode.
Goldman Sachs raised the price target on Regeneron Pharma (NASDAQ:) to $970.00 from $796.00, while reiterating its Buy rating.
Want to get this news first? Upgrade to InvestingPro for real-time market coverage.
Be the first to comment