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Wednesday, February 8, 2023

Today’s Key Analyst Actions: eHealth Inc. (EHTH), Pentair plc (PNR), Sirius XM Holdings Inc. (SIRI)

An analyst’s upgrades & downgrades of stock can lead to dramatic swings in its price. Investors may gain short-term profits from these stocks, but analysts may downgrade the stocks to hurt investors.

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Stock is typically rated on three tiers by analysts:

A “BUY” recommendation indicates that the analyst believes the stock will outperform the market or its peers. The term “buy” is also known as Overweight or Outperform by some analysts.

Analysts can advise a stock to “Hold” when they do not expect it to perform better or worse than the market. Hold ratings do not suggest buying or selling a stock. Analysts may refer to the “Hold” by other terms such as market performance or equal weight.

When analysts believe that stocks will underperform the market, they rate them as “Sell.” It is however rare for analysts to give stocks a “Sell” rating. It is also possible to use the terms underperform and underweight instead of “Sell”.

With this outlook, analysts have a consensus recommendation rating of 3.00 for the stock, suggesting that investors Hold the stock. Craig Hallum issued a stock update for eHealth Inc. (EHTH) on December 01, 2022, in which the firm assigned a “Buy” rating. Credit Suisse on April 01, 2022, rated the stock as “Neutral,”. 7 analysts offering their rating for the stock are split like this: 6 of the 7 rates it as a Hold; 1 sees it as a buy, while 0 say it is overweight. Although bearish, it is notable that the stock is well above its 200-day simple moving average by -45.58%, while it is 28.05% above and 32.20% above its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 4.9 million against a 3-month average of 910.19K.

Looking at the support for Pentair plc (PNR), a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on December 01, 2022, with the firm’s price target at $48-$55. JP Morgan coverage for the Pentair plc (PNR) stock in a research note released on October 26, 2022, offered a Neutral rating with a price target of $42. JP Morgan coverage for the Pentair plc (PNR) stock in a research note released on October 26, 2022, offered a Neutral rating with a price target of $42. North coast was of a view on July 15, 2022, that the stock is Neutral, while Barclays gave the stock an Equal Weight rating on June 09, 2022. Mizuho on their part issued a Neutral rating on March 04, 2022.

In December 01, 2022, several analysts downgraded their positions on the Sirius XM Holdings Inc. (SIRI) stock and predicted its performance to their investors. The analysts at Citigroup believe SIRI is still a Sell and set the price target between $7 and $6. Another analyst that has a Hold rating for SIRI is Pivotal Research Group, which set a price target of between $7.55 and $7.10. Rosenblatt initiated their Buy position on the stock ($8) and Morgan Stanley downgraded their Underweight position on the stock.

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