Top analysts raise targets on Ciena, Deere, Honeywell, NetApp, Tenax
Five Wall Street analysts adjusted ratings or price targets on Ciena, Deere, Honeywell, NetApp and Tenax on Aug. 31.
U.S. stocks finished lower on Monday, with the Dow Jones index falling more than 350 points during the session. Renewed U.S.-Iran strikes over the weekend pushed crude sharply higher on Monday, reviving inflation fears and lifting the 10-year Treasury yield to its highest since January 2025. Stocks still posted gains last month, with the Dow rising more than 1% in August for a fifth straight monthly advance.
The S&P 500 and Nasdaq added 2.6% and 3.9%, respectively, over the month. Wall Street analysts issue new stock picks daily, though their track records can vary widely and individual ratings and price targets often differ, leaving investors to weigh which view to trust. The Analyst Ratings API is a collection of stock ratings curated by the news desk through direct partnerships with major sell-side banks. It displays overnight ratings changes daily three hours before the U.S.
equity market open. Data specialists at investment dashboard provider Toggle.ai recently found that the analyst insights Pro Wamsi Mohan of B of A Securities, with a 87% ratings accuracy record, maintained a Neutral view on NetApp Inc and lifted the price target to $206 from $180 on Aug. 31. The analyst sees around 11% upside in the stock.
NetApp will announce first-quarter fiscal year 2027 financial results after the market close on Sept. 2. Dave Kang of B. Riley Securities, with an 81% ratings accuracy record, maintained a Neutral view on Ciena Corp and cut the price target to $413 from $516 on Aug.
31. The analyst sees around 8% upside in the stock. Ciena will announce its fiscal third-quarter financial results on Thursday, Sept. 3, before the opening bell.
Seamus Fernandez at Guggenheim downgraded Tenax Therapeutics Inc. (NASDAQ: TENX) from Buy to Neutral on Aug. 31. Guggenheim lists the analyst’s ratings accuracy at 79%.
The note followed Tenax’s Aug. 31 release of new Phase 3 data supporting TNX-103 in pulmonary hypertension patients. Chris Snyder at Morgan Stanley kept an Equal-Weight rating on Honeywell International Inc. (NASDAQ: HON) and lifted the price target from $245 to $250 on Aug.
31. Morgan Stanley lists the analyst’s ratings accuracy at 79%. The analyst expects around 17% upside in the stock. Honeywell Technologies said on Aug.
19 that it named Billal Hammoud as president and CEO of Process Technology and Juan Picon as president and CEO of Building Automation. Tim Thein at Raymond James maintained an Outperform rating on Deere & Co. (NYSE: DE) and raised the price target from $700 to $730 on Aug. 31.
Raymond James lists the analyst’s ratings accuracy at 76%. The analyst sees around 11% gain in the stock. Deere reported better-than-expected second-quarter financial results on Aug. 20.