Streetbeat News

Analyst Ratings

RL

Ralph Lauren Corporation reported better-than-expected Q1 FY24 earnings with sales growth of 0.4% YoY to $1.50 billion, beating the analyst consensus. The company reiterated its FY24 outlook for revenues to increase in low-single digits. Following the earnings announcement, Barclays, Deutsche Bank, and Telsey Advisory Group revised their price targets for Ralph Lauren.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 2:20 pm

TOWN

Hovde Group analyst David Bishop has initiated coverage on Towne Bank (NASDAQ:TOWN) with a Market Perform rating and a price target of $27.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 2:20 pm

TNL

Truist Securities analyst Patrick Scholes has maintained a 'Buy' rating on Travel+Leisure (NYSE:TNL), but lowered the price target from $67 to $66.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:19 pm

BCEL

Atreca reported Q2 financial results, leading to a drop in its share price. The stock was downgraded by HC Wainwright from Buy to Neutral and by Stifel from Buy to Hold. Stifel also lowered its price target from $4 to $1.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:19 pm

TGI

B of A Securities analyst Ronald Epstein has downgraded Triumph Group (NYSE:TGI) from Buy to Underperform and lowered the price target from $19 to $8.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 2:18 pm

HGV

Truist Securities analyst Patrick Scholes has maintained a 'Buy' rating on Hilton Grand Vacations (NYSE:HGV) but lowered the price target from $76 to $75.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:18 pm

CYBR

Wells Fargo analyst Andrew Nowinski maintains an Equal-Weight rating on CyberArk Software (NASDAQ:CYBR) and raises the price target from $140 to $155.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:17 pm

CPRI

Wells Fargo analyst Ike Boruchow has downgraded Capri Holdings (NYSE:CPRI) from Overweight to Equal-Weight and raised the price target from $55 to $57.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 2:17 pm

TTD

Wells Fargo analyst Brian Fitzgerald has maintained an Overweight rating on Trade Desk (NASDAQ:TTD) and raised the price target from $82 to $100.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:16 pm

AVGO

A whale investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 100% of the detected 13 strange trades being bearish. The trades include 7 puts amounting to $492,244 and 6 calls amounting to $247,119. The whales have been targeting a price range from $765.0 to $860.0 for Broadcom over the last 3 months. The price of AVGO is currently down -1.09% at $833.71, and RSI indicators suggest the stock may be approaching oversold. The next earnings are expected in 20 days.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:16 pm