Streetbeat News

Analyst Ratings

WTW

BMO Capital Market analyst Michael Zaremski has downgraded Willis Towers Watson PLC (NASDAQ:WTW) to Underperform from Market Perform and decreased the price target to $205 from $230. This follows the company's Q2 FY23 EPS miss and FY24 guidance cut. The analyst expects Willis to continue reinvesting most of its expense program’s savings in talent to regain market share, which could lead to downward EPS revisions in the future.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 6:57 pm

CMA

DA Davidson analyst Peter Winter maintains a 'Buy' rating on Comerica (NYSE:CMA) and raises the price target from $60 to $63.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:56 pm

IFF

Stifel analyst Mark S. Astrachan has downgraded International Flavors & Fragrances, Inc. (IFF) from Buy to Hold, lowering the price target to $85 from $123. The downgrade reflects concerns over improving volume trends, the company's competitive position, and management credibility. IFF reported disappointing 2Q23 results and reduced its 2023 sales and adjusted EBITDA guidance. The company's shares are trading lower by 19.57% to $64.62.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 6:53 pm

FRPT

Truist Securities analyst Bill Chappell has reiterated the Hold rating on Freshpet, Inc. (NASDAQ:FRPT), raising the price target to $80 from $55. This follows Freshpet's Q2 FY23 sales growth of 25% YoY to $183.30 million, which missed the analyst consensus estimate of $185.75 million. The company expects FY23 adjusted EBITDA of at least $55 million and capital expenditures of about $240 million. Chappell raised FY23 EBITDA estimates from $50 million to $57 million and FY24 EBITDA estimates from $91 million to $98 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 6:50 pm

SWKS

Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Skyworks Solutions (NASDAQ:SWKS) and raised the price target from $107 to $125.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:50 pm

LYB

Wells Fargo analyst Michael Sison has maintained an Overweight rating on LyondellBasell Industries (NYSE:LYB) and raised the price target from $100 to $109.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:42 pm

INGN

Stifel analyst Mathew Blackman maintains a 'Hold' rating on Inogen (NASDAQ:INGN) and lowers the price target from $15 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:41 pm

ETD

Argus Research analyst Kristina Ruggeri maintains a 'Buy' rating on Ethan Allen Interiors (NYSE:ETD) and raises the price target from $30 to $40.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:40 pm

RNG

Wells Fargo analyst Michael Turrin has maintained an Overweight rating on RingCentral (NYSE:RNG) but lowered the price target from $50 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:36 pm

AMD

NVDA

QQQ

SPY

The article discusses the significant growth of Nvidia Corp. (NVDA) this year, moving from $110 to $480. The same algorithmic indicators that predicted this growth are now forecasting a similar bullish trend for AMD Inc. (AMD). The indicators are based on 'triggers' that define key areas where bulls/bears can take control based on price movements. The same bullish trend was observed with SPY and QQQ. However, if AMD's price were to break below the Weekly Trigger, it would invalidate the setup.

Portfolio Pulse from James Roland

August 08, 2023 | 6:32 pm