High Oil Prices Will Hurt Colgate-Palmolive Stock According to Wall Street
TD Cowen cut its earnings estimates to reflect inflationary pressure from higher prices of oil-based inputs and potentially higher costs for tallow, which are up 40% versus a year ago on the Chicago Mercantile Exchange.
Rockwell Automation Downgraded by Jefferies, Key Price Target Drops to $380
Jefferies downgraded Rockwell Automation from Buy to Hold, citing AI disintermediation risks and limiting upside potential despite strong operational performance.
Lucid Group's stock plunged due to high vehicle prices, low deliveries, large losses, and major downgrades, leaving break-even dependent on a sixfold sales increase.