Stock analysts made significant adjustments to price targets for various major companies on January 15. These changes reflect ongoing evaluations of market conditions and company performance, influencing investor sentiment.
Key Price Target Increases
Among the notable increases, Bank of America (NYSE:BAC) saw its price target raised by The Goldman Sachs Group, Inc. from $64.00 to $65.00. The investment firm maintains a buy rating on the stock. Another notable adjustment came from Argus, which lifted its target for Bank of America from $58.00 to $59.00, also maintaining a buy rating.
In the asset management sector, BlackRock (NYSE:BLK) received a price target increase from BNP Paribas Exane, moving from $1,290.00 to $1,300.00, with an outperform rating. Coterra Energy (NYSE:CTRA) also benefited, with Mizuho raising its target from $33.00 to $36.00, reflecting an outperform rating.
Notable Price Target Reductions
Conversely, several companies experienced price target reductions. Blackstone (NYSE:BX) had its target trimmed by Rothschild & Co Redburn from $168.00 to $165.00. The firm currently holds a neutral rating on the stock.
Carrier Global (NYSE:CARR) saw its target lowered by Wolfe Research from $74.00 to $70.00, while maintaining an outperform rating. Similarly, Charter Communications (NASDAQ:CHTR) had its price target cut by Sanford C. Bernstein from $280.00 to $240.00, with a market perform rating.
In the technology sector, NVIDIA (NASDAQ:NVDA) experienced an increase in its target price from $245.00 to $268.00 by Rothschild & Co Redburn, which issued a buy rating. Additionally, eBay (NASDAQ:EBAY) saw its target raised from $91.00 to $103.00 by Arete, maintaining a neutral rating.
These adjustments illustrate the dynamic nature of stock valuations and the ongoing assessment by analysts based on changing market conditions. Investors are encouraged to consider these insights while evaluating their portfolios.
