All articles tagged with #keybanc capital markets
Target's stock has been downgraded to sector weight from overweight by KeyBanc Capital Markets due to increasing consumer headwinds over the next 12-18 months, specifically the impact of student loan repayments. The resumption of student loan payments represents a "sizeable" headwind for discretionary spending. Target's stock is down 0.8% in premarket trades Monday.
KeyBanc Capital Markets analyst John Vinh has raised the price target for Nvidia's stock from $320 to $375, maintaining an Overweight rating on the shares. Despite supply limitations and a modest miss for the Gaming business, Vinh believes Nvidia is the best-positioned semiconductor company this year, with dominating positioning in generative artificial intelligence and multiple new product cycles across both data center and gaming. The new price target is based on 31 times the company's long-term earnings power of $12. Nvidia is set to report Q1 results on Wednesday after the market close.
Shares of Plug Power, a fuel cell specialist, are down 3.2% after an analyst at KeyBanc Capital Markets downgraded the stock to market perform from outperform. This comes after another analyst at Piper Sandler slashed the price target on Plug Power's stock to $12 from $17. Investors are realizing that Plug Power's growth may not be as certain as previously thought, but there are other stocks to consider for those bullish on the hydrogen economy.
Meta's stock has received its third upgrade this week, with KeyBanc Capital Markets raising their rating on the company to Overweight from Sector Weight. This follows upgrades from Edward Jones and Morgan Stanley in recent days.