Streetbeat News

Analyst Ratings

GPI

Benchmark analyst Michael P. Ward has reiterated a Buy rating on Group 1 Automotive, Inc. (NYSE:GPI), raising the price target to $340 from $300. Despite price volatility in the used vehicle market and below-trend demand in the new vehicle industry, GPI's margins have exceeded expectations. The company has added $1 billion in annual revenue from acquisitions and share repurchase reduced share count. The analyst expects the variable gross margins to decline over the next two years, but the performance will be above historical levels. The 2023 EPS estimate of GPI has been raised to $44.40 per share from $44.00, and the 2024 estimate has been increased to $44.35 from $44.25.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 7:34 pm

INVZ

Shares of Innoviz Technologies are trading higher following positive commentary from Citron Research.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:34 pm

VMI

DA Davidson analyst Brent Thielman maintains a Neutral rating on Valmont Industries (NYSE:VMI) and lowers the price target from $310 to $290.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:33 pm

KBR

DA Davidson analyst Brent Thielman maintains a 'Buy' rating on KBR (NYSE:KBR) and raises the price target from $70 to $75.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:32 pm

SSNC

DA Davidson analyst Peter Heckmann maintains a 'Buy' rating on SS&C Techs Hldgs (NASDAQ:SSNC) but lowers the price target from $74 to $70.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:31 pm

BA

Jefferies analyst Sheila Kahyaoglu maintains a Buy rating on Boeing (NYSE:BA) and raises the price target from $250 to $275.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:28 pm

DASH

UBER

JMP Securities analyst Andrew Boone reiterated DoorDash Inc (NYSE:DASH) with a Market Outperform and a $100 price target. Boone increased his 2024 EBITDA by 10% due to increased confidence in new verticals maturing and strong 2Q23 results. DoorDash's shares are up 43% since reporting 1Q23 earnings. The company's focus on new verticals and international investments are expected to further scale and surprise profitability to the upside into 2024. Boone also sees an opportunity for DoorDash to increase ad load and grow ad revenue.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 7:27 pm

CHTR

Loop Capital analyst Alan Gould maintains a 'Hold' rating on Charter Communications (NASDAQ:CHTR) and raises the price target from $390 to $405.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:26 pm

NKLA

DA Davidson analyst Michael Shlisky maintains a Neutral rating on Nikola (NASDAQ:NKLA) and raises the price target from $1 to $3.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:25 pm

AAPL

Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Apple Inc (NASDAQ:AAPL) and raised the price target from $180 to $220. Kumar expects Apple to deliver September assumptions that will match or slightly exceed street expectations, driven by strength in India for iPhone sales offset by general macro weakness in China. He also expects Apple to slightly miss street EPS expectations for June. The analyst believes that Apple's iPhone sales in China will meet internal expectations, but is concerned about sales of other products in the country. India is emerging as a rapidly growing market for Apple, with the company likely to reach a 5% share within the country this year.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 7:23 pm