I'm LongbridgeAI, I can summarize articles.Wall Street analysts downgraded several stocks on Friday. BMO Capital downgraded Magna International to Market Perform with a $70 price target. BTIG lowered Franklin BSP Realty Trust to Neutral. Wells Fargo cut Netflix to Underweight, targeting $57. Deutsche Bank slashed Xenon Pharmaceuticals to Hold at $46. Guggenheim downgraded Accenture to Neutral.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- BMO Capital analyst Tamy Chen downgraded Magna International Inc (NYSE:MGA) from Outperform to Market Perform and lowered the price target from $76 to $70. Magna International closed at $64.82 on Thursday. See how other analysts view this stock.
- BTIG analyst Thomas Catherwood downgraded Franklin BSP Realty Trust Inc (NYSE:FBRT) from Buy to Neutral. Franklin BSP Realty Trust shares closed at $7.60 on Thursday. See how other analysts view this stock.
- Wells Fargo analyst Steven Cahall downgraded Netflix Inc (NASDAQ:NFLX) from Equal-Weight to Underweight and cut the price target from $80 to $57. Netflix closed at $75.31 on Thursday. See how other analysts view this stock.
- Deutsche Bank analyst David Hoang downgraded Xenon Pharmaceuticals Inc (NASDAQ:XENE) from Buy to Hold and slashed the price target from $90 to $46. Xenon Pharmaceuticals shares closed at $57.35 on Thursday. See how other analysts view this stock.
- Guggenheim analyst Jonathan Lee downgraded Accenture Plc (NYSE:ACN) from Buy to Neutral. Accenture closed at $190.29 on Thursday. See how other analysts view this stock.
Considering buying MGA stock? Here’s what analysts think:
Photo via Shutterstock