Analyst Outlook: Key Changes for Adobe and American Homes 4 Rent

Recent updates from top Wall Street analysts have adjusted their projections for several notable companies, reflecting wider market sentiments.

• Barrington Research has lowered the price target for Anika Therapeutics, Inc (ANIK) from $25 to $20. Despite this decrease, analyst Michael Petusky has retained an Outperform rating for Anika Therapeutics, which closed at $17.11 on Wednesday.
• In a notable upward adjustment, Truist Securities raised the price target for Mercury Systems, Inc (MRCY) from $49 to $56, with analyst Michael Ciarmoli upgrading the stock from Hold to Buy. Mercury Systems closed at $42.10 on Wednesday.
• Oppenheimer has reduced the price target for Adobe Inc (ADBE) from $560 to $530, while analyst Brian Schwartz has maintained his Outperform rating. Adobe shares closed at $438.60 on Wednesday.
• Mizuho has cut the price target for American Homes 4 Rent (AMH) from $41 to $37, with analyst Haendel St. Juste also keeping an Outperform rating. American Homes 4 Rent shares were at $34.99 at closing on Wednesday.
• Morgan Stanley has lowered the price target for UiPath Inc (PATH) from $16 to $12, while maintaining an Equal-Weight rating. UiPath closed at $11.83 on Wednesday.
• Telsey Advisory Group has slashed the price target for Signet Jewelers Limited (SIG) from $65 to $55, with analyst Dana Telsey retaining a Market Perform rating. Signet shares ended at $48.42 on Wednesday.
• Keefe, Bruyette & Woods raised their price target for AXIS Capital Holdings Limited (AXS) from $115 to $118, with analyst Meyer Shields keeping an Outperform rating. AXIS Capital shares closed at $91.89 on Wednesday.
• B of A Securities elevated the price target for Intel Corporation (INTC) from $19 to $25, and analyst Vivek Arya upgraded his rating from Underperform to Neutral. Intel shares closed at $20.68.
• Barclays increased the price target for Molson Coors Beverage Company (TAP) from $56 to $62, with analyst Lauren Lieberman upgrading the stock from Underweight to Equal-Weight. Molson Coors shares closed at $59.38 on Wednesday.
• Additionally, DA Davidson has raised the price target for Microsoft Corporation (MSFT) from $425 to $450, while analyst Gil Luria upgraded the stock from Neutral to Buy. Microsoft shares closed at $383.27.

For a comprehensive overview of all analyst rating changes, including upgrades and downgrades, please refer to our analyst ratings page.

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