This Baidu Analyst Turns Bearish; Here Are Top 5 Downgrades For Wednesday
I'm LongbridgeAI, I can summarize articles.Wall Street analysts downgraded five stocks on Wednesday. Morgan Stanley downgraded Baidu (BIDU) to Underweight with an $80 price target. CIBC downgraded Bank of Montreal (BMO) to Neutral, raising the target to C$272. JP Morgan downgraded Cogent Communications (CCOI) to Underweight with a $9 target. Jefferies downgraded Pediatrix Medical (MD) to Hold, raising the target to $28. UBS downgraded Core Natural Resources (CNR) to Neutral, raising the target to $105.
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.
- Morgan Stanley analyst Gary Yu downgraded Baidu Inc (NASDAQ:BIDU) from Equal-Weight to Underweight and cut the price target from $130 to $80. Baidu closed at $90.87 on Tuesday. See how other analysts view this stock.
- CIBC analyst Paul Holden downgraded Bank of Montreal (TSX:BMO) from Outperformer to Neutral and raised the price target from C$244 to C$272. See how other analysts view this stock.
- JP Morgan analyst Sebastiano Petti downgraded Cogent Communications Holdings Inc (NASDAQ:CCOI) from Neutral to Underweight and cut the price target from $22 to $9. Cogent Communications closed at $10.13 on Tuesday. See how other analysts view this stock.
- Jefferies analyst Jack Slevin downgraded Pediatrix Medical Group Inc (NYSE:MD) from Buy to Hold and raised the price target from $27 to $28. Pediatrix Medical Group shares closed at $26.56 on Tuesday. See how other analysts view this stock.
- UBS analyst George Eadie downgraded Core Natural Resources Inc (NYSE:CNR) from Buy to Neutral and raised the price target from $101 to $105. Core Natural Resources closed at $92.03 on Tuesday. See how other analysts view this stock.
Considering buying BIDU stock? Here’s what analysts think:
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