Streetbeat News

Analyst Ratings

AVTR

Shares of Avantor are trading lower after several firms reduced their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:29 pm

SG

Piper Sandler has upgraded Sweetgreen's stock from Neutral to Overweight and raised its price target from $13 to $19, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:21 pm

F

Ford Motor Co (NYSE:F) reported a Q2 revenue surge, overshadowing a $4.5 billion loss in its electric vehicle (EV) segment. Morgan Stanley analyst Adam Jonas maintains an Overweight rating on Ford with a price target of $16.00, despite raising the EV loss estimate by 50%. Ford's Q2 revenue was $45.0 billion, a 12% YoY increase, beating the consensus estimate of $40.38 billion. Jefferies analyst Philippe Houchois downgraded Ford from Buy to Hold and lowered the price target from $17 to $15. Ford also recalled 870,000 F-150 trucks due to a possible wiring issue.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 5:21 pm

HAS

B of A Securities analyst Jason Haas has upgraded Hasbro Inc (NASDAQ:HAS) from Neutral to Buy and raised the price target from $68 to $85. The upgrade is based on the expected earnings beat in the second quarter, driven by strong demand for The Lord of the Rings Magic set and the success of recent films. The sale of Hasbro's eOne film and TV studio is also seen as a potential positive catalyst for the earnings release.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 5:15 pm

SYM

Needham analyst James Ricchiuti maintains a Buy rating on Symbotic (NASDAQ:SYM) and raises the price target from $43 to $58.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:13 pm

OKTA

Okta shares are trading higher after Morgan Stanley maintained an Equal-Weight rating on the stock and raised its price target from $84 to $89.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:12 pm

W

Wayfair Inc's shares are trading higher due to positive analyst coverage. Piper Sandler analyst upgraded Wayfair from a Neutral rating to an Overweight rating and raised the price target from $35 to $97. Other analysts also increased their price targets. Last week, Wayfair launched a new AI product, Decorify, which allows customers to reimagine their spaces based on their style preferences.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 5:10 pm

A

Agilent Technologies' stock has been downgraded by Evercore from Outperform to In-Line, with a reduced price target from $128 to $124. Barclays also downgraded the stock from Equal-Weight to Underweight.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:10 pm

WAT

Waters Corporation's stock has been downgraded by Barclays from Overweight to Equal-Weight and by Evercore ISI Group from Outperform to In-Line. Evercore also lowered its price target from $285 to $270.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:08 pm

TME

Tencent Music Entertainment Group's stock has been downgraded from Buy to Neutral by Citigroup, with the price target also being lowered from $9.7 to $7.5. This has resulted in the shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:03 pm