Business
Analysts Adjust Price Targets for Key Stocks on February 10
Equities research analysts have made notable adjustments to price targets for various stocks on February 10, 2024. A significant change was observed for **Amkor Technology** (NASDAQ:AMKR), where **JPMorgan Chase & Co.** raised its price target from **$32.00** to **$65.00**, maintaining an overweight rating on the stock.
In contrast, **Apollo Global Management** (NYSE:APO) experienced a slight decrease in its price target, which was lowered from **$164.00** to **$162.00** by **JPMorgan Chase & Co.**, while still holding an overweight rating on the stock. Similarly, the **Carlyle Group** (NASDAQ:CG) saw its target price increase from **$66.00** to **$67.00**, with the firm assigning a neutral rating.
Another notable adjustment came from **Cencora** (NYSE:COR), which had its price target raised from **$417.00** to **$419.00** by **JPMorgan Chase & Co.**, reflecting an overweight rating. Conversely, **Coupang** (NYSE:CPNG) saw its target cut by **Citigroup Inc.**, which reduced it from **$27.00** to **$24.00**, while still issuing a buy rating.
**Circle Internet Group** (NYSE:CRCL) experienced a reduction in its price target as well, which dropped from **$100.00** to **$90.00** according to **JPMorgan Chase & Co.**, who maintain an overweight rating. **Group 1 Automotive** (NYSE:GPI) saw a significant decrease in its price target, adjusted from **$410.00** to **$370.00**, with a neutral rating from the firm.
**McKesson** (NYSE:MCK) received a positive adjustment, with its price target increased from **$983.00** to **$1,107.00** by **JPMorgan Chase & Co.**, reinforcing their overweight rating. Similarly, **Monster Beverage** (NASDAQ:MNST) had its target raised from **$75.00** to **$79.00**, but the firm maintains a neutral stance on the stock.
**ON Semiconductor** (NASDAQ:ON) also benefitted from a price target increase, moving from **$56.00** to **$70.00**, with a neutral rating from the firm. On the other hand, **Pagaya Technologies** (NASDAQ:PGY) saw its target price cut by **Jefferies Financial Group Inc.**, which lowered it from **$35.00** to **$30.00**, while still holding a buy rating.
Lastly, **Controladora Vuela Compania de Aviacion** (NYSE:VLRS) experienced a price target increase from **$11.00** to **$12.00** as reported by **Barclays PLC**, who currently have an overweight rating on the stock.
These adjustments reflect the ongoing analysis and strategic outlook among analysts as they respond to market conditions and company performance. Investors should consider these changes when making decisions regarding their portfolios.
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