Analysts Make Major Moves on Top Stocks
Wall Street analysts made significant changes to their price targets and ratings for several top stocks. Deutsche Bank downgraded Xenon Pharmaceuticals (XENE) from Buy to Hold, cutting its price target from $90 to $46.
Xenon shares closed at $57.35 on Thursday.
Wells Fargo also made a cut, slashing Netflix's (NFLX) price target from $80 to $57 and downgrading the stock from Equal-Weight to Underweight. Netflix shares closed at $75.31 on Thursday.
In contrast, HC Wainwright & Co. raised Oculis Holding's (OCS) price target from $26 to $39, maintaining a Buy rating. Oculis Holding shares closed at $9.98 on Thursday.
BTIG increased International Seaways' (INSW) price target from $100 to $130, with analyst Gregory Lewis maintaining a Buy rating. International Seaways shares closed at $110.53 on Thursday.
Evercore ISI Group raised Apple's (AAPL) price target from $365 to $380, with analyst Amit Daryanani maintaining an Outperform rating. Apple shares closed at $337.00 on Thursday.