Analysts have lowered their expectations on several global stocks this week by cutting their price targets.
The list of stocks includes auto stocks Tesla , Rivian and Aptiv , pharmaceutical firms Biogen and Novartis , energy companies EQT Corp and TotalEnergies , airline Deutsche Lufthansa and aerospace firm Boeing , and fast food giant McDonald's .
The price target changes come ahead of the next earnings season covering the first quarter of this year.
CNBC Pro screened for global stocks in the MSCI World index that have received price target downgrades over the past seven days and are yet to report earnings.
Tesla Wall Street analysts from 15 firms downgraded their 12-month price targets for Tesla over the past week.
Persons:
Elon Musk, Tesla's, Tesla, Stifel Nicholas, Johannes Braun, Marc Zeck, Samantha Subin, Michael Bloom
Organizations:
Novartis, EQT Corp, Deutsche Lufthansa, Boeing, CNBC Pro, Barclays, Lufthansa
Locations:
Stifel