Streetbeat News

Analyst Ratings

LUNR

Intuitive Machines' shares are trading lower following Roth MKM's decision to maintain a Buy rating on the stock but lower its price target from $20 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:59 pm

EL

RBC Capital Markets analyst Nik Modi has reiterated an Outperform rating on Estee Lauder Companies, Inc. (EL), but lowered the price target from $265 to $195. Modi expects a solid reaction to EL's upcoming Q4 and full-year results, but the direction is uncertain. The analyst notes that EL is losing market share in North America, but sees strong growth in Mainland China. For FY24, Modi expects 0-2% top-line growth and EPS of $4.10-$4.40.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 6:52 pm

HRB

H&R Block Inc's Q4 FY23 results have led to a boost in its price target by analysts, despite concerns about long-term growth. The company reported earnings of $2.05 per share, beating the consensus estimate of $1.89, and sales of $1.03 billion, also beating the consensus estimate of $1.01 billion. Barrington Research analyst Alexander Paris Jr raised the price target to $44 from $42, while Goldman Sachs analyst George K. Tong reiterated a Sell rating but increased the price target to $32 from $28. HRB shares are currently trading higher by 9% at $38.56.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 6:50 pm

ANF

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Abercrombie & Fitch Company (ANF), raising the price target to $47 from $35. The analyst expects ANF's 2Q23 total revenue to increase 5.2% Y/Y to $847 million, slightly ahead of the consensus of $839 million. The A&F brand is expected to remain healthy with a more resilient customer base and robust assortment. ANF shares are trading higher by 2.27% to $42.37.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 6:46 pm

SE

Sea Limited's Q2 FY23 results missed expectations, with revenue growth of 5.2% YoY to $3.096 billion, below the consensus of $3.420 billion. Adjusted EPS of $0.54 also missed the consensus of $0.69. The company's Digital Entertainment revenue decreased by 41.2% YoY, while E-commerce and other services revenue increased by 20.6% YoY. Analysts from Goldman Sachs, Citigroup, B of A Securities, and Bernstein have re-rated the stock, with some maintaining their ratings and others downgrading.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 6:31 pm

QQQ

SPY

UUP

The Federal Open Market Committee (FOMC) meeting minutes reveal a divide among members regarding future interest rate hikes. While most participants see significant upside risks to inflation, requiring further tightening of monetary policy, some favor leaving the target range for the federal funds rate unchanged. The minutes also noted downside risks to economic activity and upside risks to unemployment. Following the release of the minutes, the market slightly revised higher chances for a rate hike by November. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) initially declined but recovered losses, while the Invesco DB USD Index Bullish Fund ETF (UUP) spiked and then declined.

Portfolio Pulse from Piero Cingari

August 16, 2023 | 6:29 pm

PINS

Piper Sandler has reiterated its overweight rating and $35 price target on Pinterest following the news of Amazon sponsored product ads. This suggests that Piper Sandler sees potential growth for Pinterest, possibly due to the expected increase in ad revenue from Amazon's sponsored product ads.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:22 pm

SLND

DA Davidson analyst Brent Thielman has downgraded Southland Holdings Inc (AMEX:SLND) to Neutral from Buy and lowered the price target to $7 from $12. This follows weaker-than-expected Q2 FY23 results, a backlog of $500 million at zero margin, and a significant increase in debt/EBITDA leverage ratios. Thielman has also reduced the EBITDA estimate for FY23 and FY24.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 6:19 pm

GD

General Dynamics Inc. (NYSE:GD) shares are currently trading at $223.31, after a 0.08% increase. Over the past month, the stock has risen by 4.62%, but it has decreased by 8.42% over the past year. The company's P/E ratio is lower than the aggregate P/E of 37.83 of the Aerospace & Defense industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 6:15 pm

PFE

SGEN

Seagen Inc announced positive outcomes from the Phase 3 HER2CLIMB-02 clinical trial of Tukysa, which could potentially double its current market. Analysts from William Blair maintain an 'Outperform' rating on Seagen shares. Seagen's stock price in the upcoming year will largely depend on the FTC's decision regarding Pfizer Inc's proposed acquisition.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 6:12 pm