Bottom-up default shifts significantly lower for telecoms, pharma; higher for tech
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 30 2024
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Source: SeekingAlpha
Default Risk Trends: According to Goldman Sachs, telecommunications and pharmaceuticals have experienced significant declines in default probabilities, while technology and transportation services have seen increases. Retail has also shown a notable drop in default risk due to strong performance.
Sector-Specific Default Rates: The report outlines specific default rates for various sectors, indicating improvements in telecoms and pharmaceuticals, while highlighting increased risks in technology and transportation services compared to the previous year.
Analyst Views on XLK
Wall Street analysts forecast XLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 143.810
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Current: 143.810
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
