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Analysts Are Cutting Price Targets of These 10 Stocks

In this article, we will discuss the 10 stocks whose price targets were recently trimmed by analysts. If you want to see more such stocks on the list, go directly to Analysts Are Cutting Price Targets of These 10 Stocks.

U.S. stocks inched higher on Wednesday morning after the latest wholesale prices data indicated a potential drop in inflation. The data showed that wholesale prices in the U.S. decreased 0.5 percent in December, against the consensus forecast calling for a 0.1 percent drop. The positive data sent all three major U.S. indices into the green territory after the opening bell today. However, later in the day, equities paired gains and markets closed in the red. Part of the reason why the markets fell was St. Louis Fed President James Bullard’s comments, who, during an interview with The Wall Street Journal, said that the Fed should keep rapidly raising interest rates.

Meanwhile, notable stocks, including Wells Fargo & Company (NYSE:WFC), Bank of America Corporation (NYSE:BAC) and Tesla, Inc. (NASDAQ:TSLA), came into the spotlight after receiving price-target cuts from analysts.

Wells Fargo & Company (NYSE:WFC) and Bank of America Corporation (NYSE:BAC) received the price-target cuts following their recent earnings. On the other hand, BofA revised its price target for Tesla, Inc. (NASDAQ:TSLA), citing demand concerns and headwinds like intensifying competition.

Check out the remaining article to see some other stocks whose price targets were recently cut by analysts.

10. Boston Properties, Inc. (NYSE:BXP)

Number of Hedge Fund Holders: 29

Boston Properties, Inc. (NYSE:BXP) is best known for its premier workplaces across major cities in the U.S.  Its tenants include the U.S. government and famous enterprises like Salesforce.com and Biogen. Its portfolio also has some residential and retail properties.

The Massachusetts-based real estate investment trust (REIT) recently received a price-target cut from Truist. The research firm lowered its price target for Boston Properties, Inc. (NYSE:BXP) from $85 per share to $82 per share on Tuesday, January 17.

Truist analyst Michael Lewis expects a drop in rents in the company’s core markets over the next couple of years. Lewis believes the decline will impact the key operations of Boston Properties, Inc. (NYSE:BXP). Nevertheless, the analyst kept his “Hold” rating for the stock.

9. AutoNation, Inc. (NYSE:AN)

Number of Hedge Fund Holders: 33

Morgan Stanley recently turned bearish on AutoNation, Inc. (NYSE:AN), citing rising interest rates and decreasing vehicle prices. Analyst Adam Jonas downgraded the automotive retailer from “Equal-Weight” to “Underweight” and trimmed his price target for AN stock from $104 per share to $96 per share on Tuesday, January 17.

Jonas thinks dropping prices and affordability factors would weigh on the business of AutoNation, Inc. (NYSE:AN). He was also partially moved by the disappointing financial performance of used-car retailer CarMax last month.

Last week, Wells Fargo also downgraded AutoNation, Inc. (NYSE:AN) from “Overweight” to “Equal-Weight,” citing normalizing gross margins and falling prices.

8. First Republic Bank (NYSE:FRC)

Number of Hedge Fund Holders: 39

Maxim analyst Michael Diana slashed his price target for First Republic Bank (NYSE:FRC) from $200 per share to $185 per share on Tuesday, January 17.

While Diana acknowledged the bank’s better-than-expected Q4 results, he pointed towards a drop in its net interest margin. The analyst also reduced his 2023 earnings expectations to $6.65 per share from $7.50 per share, citing lower net interest margin growth.

First Republic Bank (NYSE:FRC) released its fourth-quarter results on Friday, January 13. The bank reported earnings of $1.88 per share, down 6.9 percent over the year-ago period but above expectations of $1.80 per share. The quarterly revenue of $1.4 billion was also in line with the consensus.

However, its net interest margin for Q4 stood at 2.45 percent, down from 2.71 percent in the prior quarter.

7. Chipotle Mexican Grill, Inc. (NYSE:CMG)

Number of Hedge Fund Holders: 45

Morgan Stanley trimmed its price target for Chipotle Mexican Grill, Inc. (NYSE:CMG) from $1,847 per share to $1,664 per share on Tuesday, January 17.

Analyst Brian Harbour thinks limited sales catalysts would affect the stock’s performance this year. Harbour also downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) from “Overweight” to “Equal-Weight.”

Like Chipotle Mexican Grill, Inc. (NYSE:CMG), analysts also recently slashed their price targets for Wells Fargo & Company (NYSE:WFC), Bank of America Corporation (NYSE:BAC) and Tesla, Inc. (NASDAQ:TSLA).

6. Illumina, Inc. (NASDAQ:ILMN)

Number of Hedge Fund Holders: 49

Canaccord analyst Kyle Mikson decreased his price target for Illumina, Inc. (NASDAQ:ILMN) from $330 per share to $300 per share on Tuesday, January 17. The research firm was primarily moved by Illumina’s disappointing outlook for 2023.

Illumina, Inc. (NASDAQ:ILMN) recently projected earnings in the range of $1.25 – $1.50 per share for fiscal 2023, well below analysts’ average estimate of $2.67 per share. In addition, the biotechnology company expects sales growth between 7 – 10 percent for the same period, against the consensus estimate calling for a 10 percent growth.

Separately, investment management firm Ensemble Capital Management also talked about Illumina, Inc. (NASDAQ:ILMN) in its 2022 annual investor letter, stating:

Illumina, Inc. (NASDAQ:ILMN) (5.17% weight in the Fund): Illumina’s stock price declined 44.87% during the Fund’s fiscal year, detracting 2.01% from relative performance vs the S&P 500. In addition to extraordinary strength in the US dollar detracting from growth in their significant foreign revenue, as well as COVID lockdowns limiting sales in China, the company’s already closed acquisition of the cancer test maker GRAIL was thwarted by European Union After paying approximately $8 billion to acquire GRAIL despite EU regulator’s warning that the deal may violate antitrust rules, Illumina will likely need to divest their ownership of the company taking a loss of nearly $4 billion as estimated by the company.”

Click to continue reading and see Analysts Are Cutting Price Targets of These 5 Stocks.

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Disclosure: None. Analysts Are Cutting Price Targets of These 10 Stocks is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

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By investing in AI, you’re essentially backing the future.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…