Today’s article introduces three stocks whose price targets have recently been cut by analysts on Wall Street. So far this year, the stocks market has tumbled on the back of rampant inflation and investors’ shaken confidence. Indeed, the S&P 500 Index posted its worst return for the first half of a year since 1970, triggering many stock price target cuts.
And with the second-quarter earnings season now mostly behind us, investors are focusing on analysts’ forecasts. That makes sense because paying attention to stock price target cuts can help investors evaluate the potential risk/reward profile of equities.
That said, here are three popular stocks whose price targets have been cut by Wall Street analysts. While these companies might have lost some of their competitive momentum, many are still attractive for long-term investors at today’s prices.
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