Streetbeat News

Analyst Ratings

LMT

RBC Capital analyst Ken Herbert maintains an Outperform rating on Lockheed Martin and raises the price target from $600 to $675.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:56 pm

STZ

Constellation Brands (NYSE:STZ) reported strong Q2 earnings but was downgraded by BofA Securities due to subdued beer volume growth projections. The downgrade reflects slower growth expectations and a lack of clear catalysts for acceleration in beer sales.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 5:56 pm

RDDT

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit (NYSE:RDDT) but raises the price target from $59 to $77.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:55 pm

NMIH

JP Morgan analyst Richard Shane maintains an Overweight rating on NMI Holdings and raises the price target from $42 to $46.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:54 pm

CIEN

IYZ

XTL

Ciena Corporation (NYSE:CIEN) was downgraded by JP Morgan due to concerns over telco spending and margin pressures. The analyst highlighted limited EPS upside and a muted capex growth outlook for U.S. telcos. Ciena's telecom revenues are below pre-pandemic levels, and the company has authorized a share repurchase program starting in 2025. CIEN shares fell 3.93% following the downgrade.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:52 pm

ESNT

JP Morgan analyst Richard Shane maintains a Neutral rating on Essent Group (NYSE:ESNT) but raises the price target from $63 to $68.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:51 pm

ACT

JP Morgan analyst Richard Shane maintains a Neutral rating on Enact Holdings (NASDAQ:ACT) but raises the price target from $36 to $38.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:49 pm

AXP

American Express shares declined after JP Morgan downgraded the stock from Overweight to Neutral, even though the price target was increased from $268 to $286.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:48 pm

CPB

Bernstein analyst Alexia Howard has upgraded Campbell Soup (NASDAQ:CPB) from Market Perform to Outperform and increased the price target from $55 to $58.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:48 pm

BUL

LULU

VFQY

Analysts are optimistic about Lululemon's international growth, particularly in China, despite mixed trends in the US market. JP Morgan and Goldman Sachs analysts have differing views on the company's short-term prospects, with a focus on the upcoming Shanghai Analyst Meeting.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:48 pm