Streetbeat News

Analyst Ratings

MTB

Wedbush analyst David Chiaverini maintains an Outperform rating on M&T Bank (NYSE:MTB) and raises the price target from $149 to $156.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 12:14 pm

TAP

Goldman Sachs analyst Bonnie Herzog maintains a Neutral rating on Molson Coors Beverage (NYSE:TAP) and raises the price target from $61 to $69.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:13 pm

HUBS

Goldman Sachs analyst Gabriela Borges has maintained a 'Buy' rating on HubSpot (NYSE:HUBS) and raised the price target from $536 to $596.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:11 pm

FHN

First Horizon Corporation (NYSE:FHN) reported Q2 revenues of $1.031 billion, up 39% Y/Y, beating the consensus of $921.53 million. However, the adjusted EPS of $0.39 marginally missed the consensus of $0.40. Following the earnings announcement, analysts from Raymond James and RBC Capital raised their price targets on First Horizon from $13 to $14.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 12:11 pm

SCHW

Goldman Sachs analyst Alexander Blostein maintains a Buy rating on Charles Schwab (NYSE:SCHW) and raises the price target from $71 to $80.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:09 pm

CTLT

Elliott Investment Management has acquired a significant stake in Catalent Inc (NYSE:CTLT) and is advocating for a major overhaul of the board. This comes during a challenging period for Catalent, which has faced setbacks including the departure of its CFO, unexpected costs, operational challenges, and a 19% decline in revenue. In response, Catalent has appointed a new CFO and is implementing cost-cutting measures.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 12:08 pm

CFG

Wedbush analyst David Chiaverini maintains a Neutral rating on Citizens Financial Group (NYSE:CFG) and raises the price target from $28 to $34.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 12:07 pm

AMX

Goldman Sachs analyst Diego Aragao has maintained a Neutral rating on America Movil (NYSE:AMX) and raised the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:06 pm

SNA

Snap-On Inc reported Q2 FY23 sales growth of 4.8% YoY to $1.191 billion, slightly beating the analyst consensus. The revenue increase was due to a 5.6% organic sales gain, partially offset by unfavorable foreign currency translation. Segment sales in Commercial & Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group increased. Gross profit for the quarter gained 9% to $603.7 million, and the gross margin expanded to 50.6%. EPS of $4.89 beat the analyst consensus of $4.56. Snap held $871.3 million in cash and equivalents as of July 1, 2023.

Portfolio Pulse from Shivani Kumaresan

July 20, 2023 | 12:06 pm

COLB

Wedbush analyst David Chiaverini has reiterated a Neutral rating on Columbia Banking System (NASDAQ:COLB) and maintained a $24 price target.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 12:06 pm