Streetbeat News

Analyst Ratings

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DHR

ETSY

FSLR

IP

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ZIM

ZION

Several analyst forecasts were released on Wednesday, with changes in price targets for multiple companies. Keybanc cut Danaher Corporation's price target from $325 to $300, while HSBC increased Johnson Controls International's price target from $58 to $69. Jefferies boosted International Paper Company's price target from $26 to $33, and Morgan Stanley increased Zions Bancorporation's price target from $27 to $32. Citigroup lowered First Solar's price target from $214 to $200, and Deutsche Bank cut Tesla's price target from $300 to $285. HC Wainwright & Co. boosted Pliant Therapeutics' price target from $50 to $52, and Goldman Sachs increased Roivant Sciences' price target from $14 to $16. JP Morgan cut ZIM Integrated Shipping Services' price target from $15.4 to $14, and Raymond James raised Costco Wholesale Corporation's price target from $570 to $580. Wells Fargo cut Etsy's price target from $70 to $60.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 11:52 am

YETI

Morgan Stanley analyst Megan Alexander has assumed YETI Holdings with an Equal-Weight rating and set a price target of $50.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:51 am

FLR

Baird analyst Andrew Wittmann maintains an Outperform rating on Fluor (NYSE:FLR) but lowers the price target from $43 to $42.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:50 am

COST

PRGS

QQQ

SPY

Despite soaring bond yields, the S&P 500 and Nasdaq are set to rebound. However, analysts warn of volatility persisting through year-end due to factors such as high crude oil prices, potential rate hikes, and economic data. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both saw gains in premarket trading. Stocks in focus include Costco Wholesale Corp. (NASDAQ:COST), Progress Software Corp. (NASDAQ:PRGS), Meta Platforms, Inc. (NASDAQ:META), Paychex, Inc. (NASDAQ:PAYX), H.B. Fuller Company (NYSE:FUL), Micron Technology, Inc. (NASDAQ:MU), and Worthington Industries, Inc. (NYSE:WOR).

Portfolio Pulse from Shanthi Rexaline

September 27, 2023 | 11:50 am

TSCO

Gordon Haskett analyst Chuck Grom has downgraded Tractor Supply (NASDAQ:TSCO) from Buy to Accumulate and set a price target of $215.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:48 am

SSB

Truist Securities analyst Brandon King has downgraded SouthState (NASDAQ:SSB) from Buy to Hold and lowered the price target from $86 to $73.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:47 am

FERG

Baird analyst David Manthey maintains an Outperform rating on Ferguson (NYSE:FERG) and raises the price target from $172 to $180.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:47 am

BURL

Gordon Haskett analyst Chuck Grom has downgraded Burlington Stores (NYSE:BURL) from Buy to Hold and set a price target of $137.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:46 am

M

Gordon Haskett analyst Chuck Grom has downgraded Macy's from Buy to Hold and set a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:44 am

TRUE

BTIG analyst Marvin Fong has downgraded TrueCar (NASDAQ:TRUE) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:42 am