Wall Street Analysts Downgrade Top Companies: ArcelorMittal, Phillips 66, Centene, WESCO International, and CNH Industrial

Top Wall Street analysts have changed their outlook on several top names. Barclays analyst Amos Fletcher downgraded ArcelorMittal to Equal-Weight, Citigroup analyst Vikram Bagri downgraded Phillips 66 to Neutral, B of A Securities analyst Kevin Fischbeck downgraded Centene to Underperform, Stephens & Co. analyst Tommy Moll downgraded WESCO International to Equal-Weight, and Goldman Sachs analyst Daniela Costa downgraded CNH Industrial to Neutral.

Top Wall Street analysts have altered their outlooks on several major companies, signaling shifts in investor sentiment and market expectations. Barclays analyst Amos Fletcher downgraded ArcelorMittal S.A. (MT) from Overweight to Equal-Weight [1]. Citigroup analyst Vikram Bagri downgraded Phillips 66 (PSX) from Buy to Neutral, while raising the price target from $126 to $130 [1]. B of A Securities analyst Kevin Fischbeck downgraded Centene Corporation (CNC) from Neutral to Underperform, lowering the price target from $52 to $30 [1]. Stephens & Co. analyst Tommy Moll downgraded WESCO International, Inc. (WCC) from Overweight to Equal-Weight, raising the price target from $190 to $200 [1]. Goldman Sachs analyst Daniela Costa downgraded CNH Industrial N.V. (CNH) from Buy to Neutral, cutting the price target from $12.5 to $11.5 [1].

These changes come amidst a broader market environment where analysts are closely monitoring the performance and outlook of major corporations. The downgrades highlight potential concerns about the financial health or future prospects of these companies, which could impact their stock prices. Investors should closely follow these developments and consider the implications for their portfolios.

Meanwhile, Goldman Sachs Group Inc. (NYSE:GS) reported a strong second quarter for 2025, with earnings of $10.91 per share, surpassing the consensus estimate of $9.48 [2]. Revenue rose 15% year over year to $14.58 billion, driven by robust results in trading and investment banking. The firm also increased its shareholder returns and raised its quarterly dividend. The analyst noted that Goldman Sachs posted earnings 12% above Bloomberg consensus and 29% ahead of JPMorgan estimates. Despite the positive results, the stock was trading lower by 0.26% to $700.19 at last check Wednesday [2].

The changes in analyst ratings and the strong performance of Goldman Sachs highlight the dynamic nature of the financial markets. Investors should stay informed and adapt their strategies based on the latest developments.

References:
[1] https://www.benzinga.com/analyst-stock-ratings/downgrades/25/07/46440086/this-centene-analyst-turns-bearish-here-are-top-5-downgrades-for-wednesday
[2] https://finance.yahoo.com/news/goldman-sachs-delivers-q2-powerhouse-172206319.html