Analysts downgrade Kraft Heinz and Biogen as market outlook shifts
benzinga.com — October 31, 2024, 05:01 PM UTC
Analysts have downgraded several major companies. Deutsche Bank lowered Kraft Heinz's rating from Buy to Hold, reducing the price target from $39 to $35. Kraft Heinz shares closed at $33.73. Morgan Stanley downgraded Biogen from Overweight to Equal-Weight, cutting the price target from $285 to $204. Biogen shares ended at $181.18. JP Morgan downgraded Brinker International from Overweight to Neutral but raised the price target from $67 to $100. Bernstein downgraded Arm Holdings from Market Perform to Underperform, maintaining a $100 price target.
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