Streetbeat News

Analyst Ratings

YETI

YETI Holdings' stock has been downgraded from Outperform to Neutral by Exane BNP Paribas, with a new price target set at $42. This has resulted in a decrease in the trading price of YETI shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:28 pm

AMD

ARM

QCOM

SSNLF

Samsung's partnership with Advanced Micro Devices (AMD) for GPU licensing remains intact, debunking earlier rumors of a split. Samsung is reportedly working on a custom GPU, a development that hinges on AMD's technology. Samsung's current Xclipse 940 GPU, featured in the Exynos 2400, has not met expectations, underscoring the necessity of AMD's expertise for enhanced performance. Traders circulated a Baird note on AMD suggesting reduced 2024 estimates for lowered data center revenue.

Portfolio Pulse from Anusuya Lahiri

October 05, 2023 | 4:28 pm

KLAC

UBS analyst Timothy Arcuri maintains a Neutral rating on KLA (NASDAQ:KLAC) and raises the price target from $475 to $480.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:23 pm

ENLC

UBS analyst Shneur Gershuni maintains a Buy rating on EnLink Midstream (NYSE:ENLC) and raises the price target from $14 to $15.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:22 pm

CBOE

UBS analyst Alex Kramm has maintained a Neutral rating on Cboe Global Markets (BATS:CBOE) and raised the price target from $150 to $165.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:21 pm

AMAT

UBS analyst Timothy Arcuri maintains a Neutral rating on Applied Mat (NASDAQ:AMAT) and raises the price target from $130 to $150.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:19 pm

FCNCA

First Citizens BancShares Inc (NASDAQ:FCNCA) has grown by 400% over the last 18 months, largely due to the acquisitions of CIT Group and the failed Silicon Valley Bank. Analyst David Chiaverini initiated coverage of the company with an Outperform rating and a price target of $1,700, citing its strong position to benefit from its recent acquisitions and solid growth due to its increased scale with over $200 billion in assets.

Portfolio Pulse from Priya Nigam

October 05, 2023 | 4:19 pm

ZM

RBC Capital analyst Rishi Jaluria has reiterated an 'Outperform' rating on Zoom Video Comms (NASDAQ:ZM) and maintained a $95 price target.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:17 pm

K

RBC Capital analyst Nik Modi has maintained a 'Sector Perform' rating on Kellanova (NYSE:K) but lowered the price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:15 pm

AEE

CMS

CNP

DTE

DUK

ETR

FE

NEE

PNW

WEC

XEL

KeyBanc Capital Markets analysts have updated ratings and forecasts for several utility stocks following recent market volatility. Upgrades include CMS Energy Corporation, DTE Energy Co, CenterPoint Energy Inc, Pinnacle West Capital Corporation, and Entergy Corp. Forecast changes were made for Xcel Energy Inc, WEC Energy Group Inc, Ameren Corp, Duke Energy Corp, and FirstEnergy Corp. NextEra Energy Inc was downgraded.

Portfolio Pulse from Priya Nigam

October 05, 2023 | 4:13 pm