downside

When discounting those to the present day, that implies “limited additional downside from current levels” for the stock, Zelnick wrote.

They are part of a broader category of U.S.-listed equity ETFs that offer downside protection on stock indexes.

Without a trade deal, downside risks persist, keeping growth below potential and giving the RBI a strong, justifiable case to use the policy space provided by record-low inflation, ANZ said.

Analysts cited an industry outlook from Deere, saying they see downside for sales of large agriculture equipment in North America beyond 2025.

Geopolitical and macroeconomic risks could continue to pose downside pressure on earnings, he says.