Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at EPAM Systems, Las Vegas Sands, Solid Power, and Carrier Global.
InvestingPro subscribers got this news in rapid fire. Never be left in the dust again.
Las Vegas Sands downgraded to Hold
Las Vegas Sands (NYSE:LVS) shares fell more than 1% pre-market today after Jefferies downgraded the company to Hold from Buy and cut its price target to $65.00 from $69.00.
The firm believes the bull and bear cases are approximately balanced within the shares at present levels, and absent near-term catalysts, it expects the shares to remain range-bound.
EPAM receives its sixth downgrade this week
Morgan Stanley downgraded EPAM Systems (NYSE:EPAM) to Equalweight from Overweight and cut its price target to $220.00 from $350.00, as InvestingPro reported in real time. Shares fell more than 1% pre-market today.
This is an addition to a series of five downgrades received this week after the company lowered its Q2/23 and full-year guidance due to further deterioration in the near-term demand environment, which resulted in a share price drop of more than 21% on Monday.
2 more downgrades
Wolfe Research downgraded Solid Power (NASDAQ:SLDP) from Peerperform to Underperform with a price target of $2.00.
Morgan Stanley downgraded Carrier Global (NYSE:CARR) to Equalweight from Overweight and lowered its price target to $47.00 from $49.00. Shares are down more than 1% pre-market today.
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