Streetbeat News

Analyst Ratings

KLAC

KLA Corp's shares are trading higher by around 5% after the company reported strong Q4 FY23 results, beating consensus on both revenues and adjusted EPS. The company also provided a positive outlook for Q1 FY24. Several analysts, including those from Wells Fargo, JP Morgan, Barclays, Stifel, TD Cowen, and Susquehanna, raised the price target for KLAC.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 6:51 pm

BAC

A significant number of investors have taken a bearish stance on Bank of America (NYSE:BAC), with 71% of detected trades being bearish. The targeted price range for BAC over the last 3 months is $23.0 to $35.0. The current price of BAC is $31.9, down by 0.16%. Analysts from Oppenheimer, RBC Capital, Morgan Stanley, and BMO Capital have given various price targets, with the highest being $52 by Oppenheimer.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:46 pm

TMO

A significant bearish stance has been taken on Thermo Fisher Scientific (NYSE:TMO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $530.0 to $620.0 for TMO over the last 3 months. Analysts from Wells Fargo, Baird, Credit Suisse, JP Morgan, and Morgan Stanley have given various ratings and price targets for TMO.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:45 pm

MA

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Analysts from Raymond James, Wells Fargo, BMO Capital, and Baird have maintained an Outperform rating on Mastercard Inc (NYSE:MA) and raised their price targets, following the company's solid 2Q results. The company's outlook for the year and 3Q guide were also reiterated. Mastercard's stock is currently trading at a discount to its historical relative P/E, making it a favorable bet according to analysts.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 6:31 pm

GFS

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) has seen a 1.35% increase in the current market session, with its share price at $62.29. Despite a 3.55% decrease over the past month, the stock has increased by 14.21% over the past year. The company's P/E ratio of 22.35 is lower than the industry average of 77.74, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:30 pm

BJRI

Wedbush analyst Nick Setyan has reiterated an Outperform rating on BJ's Restaurants, Inc. (NASDAQ:BJRI), raising the price target to $42 from $38. The company's Q2 results showed a 6.1% increase in total revenues to $349.7 million. Setyan believes BJRI can recapture pre-COVID unit economics and annual growth rates. The analyst also increased the 2023 and 2024 EPS estimates to $0.99 and $1.43 respectively.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 6:25 pm

PAG

Benchmark analyst Michael Ward maintains a Buy rating on Penske Automotive Group (NYSE:PAG) and raises the price target from $175 to $196.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 6:23 pm

HEES

B. Riley Securities analyst Alex Rygiel maintains a 'Buy' rating on H&E Equipment Services (NASDAQ:HEES) and raises the price target from $47 to $61.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 6:22 pm

PLXS

Needham analyst James Ricchiuti has reiterated a Buy rating on Plexus Corp (NASDAQ:PLXS), raising the price target to $107 from $105. Despite mixed demand in its Industrial and Healthcare Life Science market verticals, Plexus' strength in commercial aerospace is expected to outweigh these issues. The company's Q4 revenue guidance is flat sequentially and down 9% Y/Y. Ricchiuti has trimmed Q4 GAAP EPS estimate to $1.26 from $1.39, with revenue now forecast at $1.020 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 6:21 pm

HON

UBS analyst Chris Snyder maintains a 'Sell' rating on Honeywell Intl (NASDAQ:HON) and has lowered the price target from $185 to $180.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 6:20 pm