Streetbeat News

Analyst Ratings

TIP

Economist Peter Schiff has warned that rising bond yields and energy prices could indicate worsening inflation. He suggested that if 10-year Treasury yields reach 7% and oil prices hit $150, it could be a sign of inflation. The yield on the 10-year Treasury note recently hit 4.372%, the highest since November 2017, due to investor expectations that the Fed might not reverse its rate hikes soon. Crude oil prices have also risen due to supply-side concerns. The iShares TIPS Bond ETF (TIP) ended Tuesday's session down 0.28% at $105.03.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 8:17 am

KR

Telsey Advisory Group analyst Joseph Feldman has reiterated an 'Outperform' rating on Kroger (NYSE:KR) and maintained a $55 price target.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:12 am

CWAN

Piper Sandler analyst Arvind Ramnani maintains a Neutral rating on Clearwater Analytics Hldg (NYSE:CWAN) and raises the price target from $17 to $20.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:11 am

BSX

Needham analyst Mike Matson has reiterated a 'Buy' rating on Boston Scientific (NYSE:BSX) and maintained a price target of $61.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:10 am

ARCT

HC Wainwright & Co. analyst Ed Arce has reiterated a 'Buy' rating on Arcturus Therapeutics (NASDAQ:ARCT) and maintained a $51 price target.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:10 am

DAVA

Needham analyst Mayank Tandon has maintained a 'Buy' rating on Endava (NYSE:DAVA) but lowered the price target from $68 to $65.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 8:09 am

BA

FXI

Boeing (NYSE:BA) predicts that China will require 8,560 new commercial airplanes by 2042 due to economic growth and increasing demand for domestic air travel. According to Boeing's Commercial Market Outlook, China's commercial airliner fleet will more than double to nearly 9,600 jets over the next 20 years.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:15 am

MSFT

Bernstein's analyst Mark Moerdler has reaffirmed an Outperform rating on Microsoft's stock and increased his price target to $400 from $398, citing the potential of the company's AI cloud-computing services to yield higher profits than initially anticipated. Moerdler's research suggests that Microsoft has taken a significant lead in the development of Generative AI offerings, platform software, and design architectures. Microsoft's CFO Amy Hood earlier this month reaffirmed the company's optimistic forecast that its suite of AI tools will reach $10 billion in revenue at a faster rate than any other software business in its history.

Portfolio Pulse from Benzinga Neuro

September 20, 2023 | 6:52 am

KBH

KB Home (NYSE:KBH) is expected to report a sharp decline in its Q3 earnings, with analysts predicting earnings of $1.43 per share, down from $2.86 per share in the same period last year. The company's revenue is also expected to decrease to $1.48 billion from $1.84 billion. Despite this, KB Home shares rose 0.3% to close at $48.41 on Tuesday. Several analysts have recently upgraded their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 6:51 am

GM

TSLA

Nikola CEO Steve Girsky has stated that General Motors Corp. (GM) once dismissed Tesla, Inc. (TSLA) as insignificant, giving Tesla a 10-year head start in the electric vehicle industry. Girsky believes that Nikola has a similar opportunity as major companies are overlooking the zero-emissions trucking industry. Tesla's first-mover advantage has allowed it to scale up, improve manufacturing efficiency, and vertically integrate, maintaining its position as the leading global EV manufacturer.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 6:40 am