This Qualcomm Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

• HSBC analyst Frank Lee downgraded the rating for QUALCOMM Incorporated (NASDAQ:QCOM) from Buy to Hold and announced a price target of $200. Qualcomm shares rose 0.7% to settle at $209.64 on Tuesday. See how other analysts view this stock. See how other analysts view this stock.
• Bernstein analyst Bob Brackett downgraded Chevron Corporation (NYSE:CVX) from Outperform to Market Perform, while cutting the price target from $183 to $167. Chevron shares fell 0.2% to close at $157.77 on Tuesday. See how other analysts view this stock.
• TD Cowen analyst Helane Becker downgraded the rating for American Airlines Group Inc. (NASDAQ:AAL) from Buy to Hold, while lowering the price target from $16 to $10. American Airlines shares rose 5.3% to close at $11.19 on Tuesday. See how other analysts view this stock.
• Truist Securities analyst Scot Ciccarelli downgraded Five Below, Inc. (NASDAQ:FIVE) from Buy to Hold and slashed the price target from $136 to $89. Five Below shares gained 2.1% to close at $102.07 on Tuesday. See how other analysts view this stock.
• Susquehanna analyst Charles Minervino downgraded the rating for Spirit AeroSystems Holdings, Inc. (NYSE:SPR) from Positive to Neutral, while cutting the price target from $40 to $37. Spirit AeroSystems shares gained 3.4% to close at $35.88 on Tuesday. See how other analysts view this stock.

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