finance
Analysts Adjust Ratings on Five Stocks, Downgrading Synchrony Financial and GitLab While Raising Penguin Solutions Target
Wall Street analysts issued downgrades for Synchrony Financial, GitLab, Penguin Solutions, Home Bancorp and Prudential Financial. Changes included revised price targets and rating shifts to neutral or underweight. Shares closed lower for most on Tuesday, according to Benzinga.
Apr 22, 8:50 AM·1m read1 source
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Wall Street analysts downgraded five stocks in recent ratings changes, with Synchrony Financial and GitLab among those shifted from buy ratings to neutral. BTIG analyst Vincent Caintic downgraded Synchrony Financial (NYSE: SYF) from Buy to Neutral. 63 on Tuesday.
Benzinga reported the changes as part of its list of top downgrades for Wednesday. B of A Securities analyst Koji Ikeda downgraded GitLab Inc (NASDAQ: GTLB) from Buy to Neutral. Ikeda also slashed the price target for GitLab from $58 to $27.
15 on Tuesday. Barclays analyst Tom O’Malley downgraded Penguin Solutions Inc (NASDAQ: PENG) from Overweight to Equal-Weight. O’Malley raised the price target for Penguin Solutions from $23 to $27.
92 on Tuesday. Piper Sandler analyst Stephen Scouten downgraded Home Bancorp Inc (NASDAQ: HBCP) from Overweight to Neutral. Scouten announced a $69 price target for Home Bancorp.
01 on Tuesday. Barclays analyst Alex Scott downgraded Prudential Financial Inc (NYSE: PRU) from Equal-Weight to Underweight. Scott cut the price target for Prudential Financial from $110 to $91.
45 on Tuesday. The article detailing these downgrades was published on April 22, 2026, at 8:50 AM. Benzinga described the list as the top five downgrades for Wednesday.
