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Kellogg To Rally Around 27%? Here Are 10 Other Analyst Forecasts For Tuesday

Stephens & Co. boosted the price target for Installed Building Products, Inc. (NYSE: IBP) from $132 to $140. Stephens & Co. analyst Trey Grooms maintained an Equal-Weight rating. Installed Building Products shares rose 0.2% to close at $133.02 on Monday.
byLisa Levin
June 27, 2023
2 minute read
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  • Stephens & Co. boosted the price target for Installed Building Products, Inc. (NYSE:IBP) from $132 to $140. Stephens & Co. analyst Trey Grooms maintained an Equal-Weight rating. Installed Building Products shares rose 0.2% to close at $133.02 on Monday.
  • RBC Capital cut the price target for Avalo Therapeutics, Inc. (NASDAQ:AVTX) from $9 to $0.75. RBC Capital analyst Gregory Renza downgraded the stock from Outperform to Sector Perform. Avalo Therapeutics shares rose 14% to $0.57 in pre-market trading.
  • Truist Securities slashed the price target for Equinix, Inc. (NASDAQ:EQIX) from $870 to $815. Truist Securities analyst Greg Miller downgraded the stock from Buy to Hold. Equinix shares fell 1.3% to $749.80 in pre-market trading.
  • B of A Securities slashed ALLETE, Inc. (NYSE:ALE) price target from $63 to $54. B of A Securities analyst Julien Dumoulin-Smith downgraded the stock from Neutral to Underperform. ALLETE shares fell 1.7% to $58.11 in pre-market trading.
  • HC Wainwright & Co. lowered Integra Resources Corp (NYSE:ITRG) price target from $6.5 to $3.25. HC Wainwright & Co. analyst Heiko Ihle maintained a Buy rating. Integra Resources shares fell 1.1% to close at $0.94 on Monday.
  • Barclays cut FactSet Research Systems Inc. (NYSE:FDS) price target from $520 to $480. Barclays analyst Manav Patnaik maintained an Overweight rating. FactSet Research shares rose 0.4% to close at $395.66 on Monday.
  • UBS slashed Olin Corporation (NYSE:OLN) price target from $68 to $53. UBS analyst Joshua Spector downgraded the stock from Buy to Neutral. Olin shares fell 1.9% to $48.25 in pre-market trading.
  • Stifel raised the price target for Guidewire Software, Inc. (NYSE:GWRE) from $75 to $85. Stifel analyst Parker Lane upgraded the stock from Hold to Buy. Guidewire Software shares fell 1.4% to close at $69.52 on Monday.
  • Goldman Sachs increased Kellogg Company (NYSE:K) price target from $78 to $83. Goldman Sachs analyst Jason English upgraded the stock from Neutral to Buy. Kellogg shares rose 0.7% to close at $65.60 on Monday.
  • Bernstein lowered Alibaba Group Holding Limited (NYSE:BABA) price target from $130 to $98. Bernstein analyst Robin Zhu downgraded the stock from Outperform to Market Perform. Alibaba shares rose 1.5% to $86.73 in pre-market trading.
  • Jefferies cut ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) price target from $16 to $13. Jefferies analyst Omar Nokta maintained a Hold rating. Burlington Stores shares rose 0.5% to $12.15 in pre-market trading.

 

Check This Out: Terran Orbital And 2 Other Penny Stocks Insiders Are Aggressively Buying

 
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The efforts to transition to electric-vehicles are gaining momentum, with states such as California setting new legislation that prohibits the sale of new combustion vehicles by 2035. Additionally, the Science and Chips Act of 2022 will allocate billions of dollars in tax credits for semiconductors companies to build new fabrication facilities.

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