Streetbeat News

Analyst Ratings

INVH

Keybanc analyst Austin Wurschmidt maintains an Overweight rating on Invitation Homes (NYSE:INVH) but lowers the price target from $37 to $35.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:42 am

BGS

Piper Sandler analyst Michael Lavery has downgraded B&G Foods (NYSE:BGS) from Neutral to Underweight and lowered the price target from $14 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:31 am

RELX

Goldman Sachs analyst Lisa Yang has upgraded RELX (NYSE:RELX) from Neutral to Buy.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:26 am

LYB

Citigroup analyst Patrick Cunningham has upgraded LyondellBasell Industries (NYSE:LYB) from Neutral to Buy and raised the price target from $104 to $106.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:22 am

AAPL

KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple Inc. (NASDAQ:AAPL) from 'Overweight' to 'Sector Weight', removing the previous price target of $200. The downgrade was driven by several factors including Apple's historically high stock multiples, challenges in U.S. sales, potential difficulties in international growth, and optimistic current estimates. Apple's stock ended Tuesday’s session down 0.78% at $172.40.

Portfolio Pulse from Shanthi Rexaline

October 04, 2023 | 8:18 am

F

GM

STLA

TSLA

Analyst Dan Ives remains bullish on Tesla (TSLA) despite its current lackluster phase. He views the UAW strike as a win for Tesla, as it could lead to higher costs for Detroit automakers like General Motors (GM), Ford (F), and Stellantis (STLA), which could be passed on to consumers. Ives also believes Tesla will be able to absorb excess inventory by Q4 and that demand will increase with the start of Cybertruck production. He sees Tesla gaining market share in China and views the company as a disruptive technology company rather than just an auto company.

Portfolio Pulse from Shanthi Rexaline

October 04, 2023 | 7:19 am

AYI

HELE

RPM

TSLA

The CNN Money Fear and Greed index has moved to the 'Extreme Fear' zone amid a surge in Treasury yields. U.S. stocks closed sharply lower on Tuesday, with the Dow Jones index turning lower for 2023. Truist Securities maintained Tesla with a Hold and lowered the price target from $254 to $243. Investors are awaiting earnings results from RPM International, Acuity Brands, and Helen of Troy.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 6:47 am

AYI

Acuity Brands, Inc. (NYSE:AYI) is expected to report lower Q4 earnings for fiscal 2023 on Oct. 4, 2023. Analysts predict earnings of $3.72 per share, down from $3.95 per share in the previous year, and revenue of $1.02 billion, down from $1.11 billion. The company's shares closed at $167.38 on Tuesday. Analysts from Baird, Oppenheimer, and Goldman Sachs have recently adjusted their price targets for AYI.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 6:20 am

DY

In the last quarter, Dycom Industries (NYSE:DY) received a mix of bullish and indifferent ratings from 6 analysts. The company's average 12-month price target is $117.33, a decrease of 6.32% from the previous average of $125.25.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:01 pm

LEA

Lear Corporation (NYSE:LEA) has received a mix of analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, and 7 indifferent. The average 12-month price target for the company, according to 11 analysts, is $164.00, up 4.99% from the previous average of $156.20.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 9:01 pm