In a flurry of activity yesterday, Wall Street analysts issued a wave of ratings updates, with streaming giant Netflix and uniform rental company Cintas emerging as the most-watched stocks.
Netflix Inc (NASDAQ: NFLX) received seven separate ratings, with analysts generally bullish on the company’s prospects. Redburn Atlantic raised its price target from $740 to $760, citing strong subscriber growth and content performance. UBS Group followed suit, bumping its target from $685 to $750.
Cintas Corp (NASDAQ: CTAS) also garnered significant attention, receiving seven ratings updates. Truist Financial raised its price target from $775 to $850, while Barclays increased its target from $700 to $850. However, Robert W. Baird downgraded Cintas from “strong buy” to “hold,” indicating some caution amid the optimism.
Intuitive Surgical Inc (NASDAQ: ISRG), a leader in robotic-assisted surgery, saw five ratings updates. Robert W. Baird raised its price target from $487 to $503, while Stifel Nicolaus increased its target from $430 to $475. JPMorgan Chase & Co. was the most optimistic, setting a new target of $495.
In the financial sector, Synovus Financial Corp (NYSE: SNV) received six positive ratings updates. DA Davidson showed the most confidence, raising its price target from $47 to $55. Piper Sandler wasn’t far behind, increasing its target from $42 to $53.
Equifax Inc (NYSE: EFX), the credit reporting agency, also saw six ratings updates. Needham & Company LLC maintained its “buy” rating and raised its price target from $305 to $320. Stifel Nicolaus showed similar optimism, increasing its target from $265 to $305.
Among stocks with multiple ratings, Blackstone Inc (NYSE: BX) saw the highest price target increase. Bank of America raised its target by $15, from $130 to $145. The average price target across Blackstone’s four ratings was $138.75.
On the flip side, Domino’s Pizza Inc (NYSE: DPZ) faced the largest price target cut among stocks with multiple ratings. Barclays slashed its target by $90, from $470 to $380. Despite this significant reduction, the average price target across Domino’s five ratings remained relatively high at $440.80.
AbbVie (NYSE: ABBV), while receiving only one rating, saw the day’s largest price target increase. BMO Capital Markets raised its target from $180 to $214, a $34 jump.
These ratings updates reflect analysts’ evolving views on company performance and market conditions. Investors should consider these professional opinions alongside their own research when making investment decisions.
