Streetbeat News

Analyst Ratings

TXRH

Wedbush analyst Nick Setyan has reiterated an Outperform rating on Texas Roadhouse, Inc. (NASDAQ:TXRH), with a price target of $123. Despite near- and medium-term margin headwinds, TXRH is expected to be a primary share gainer within the casual dining category. The analyst projects stronger dine-in traffic and increased sales for Q2 due to higher levels of local marketing. The 2023 and 2024 EPS estimates have been raised to $4.74 and $5.48 respectively. However, risks to commodity inflation and hourly labor growth could weigh on current consensus expectations.

Portfolio Pulse from Nabaparna Bhattacharya

June 29, 2023 | 6:09 pm

GIS

Morgan Stanley analyst Pamela Kaufman has reiterated an Underweight rating on General Mills, Inc. (NYSE:GIS) and lowered the price target to $72 from $77 following mixed 4Q23 results. The analyst remains cautious about the company's long-term growth outlook due to weaker end markets and potential for demand elasticity from recent price increases. General Mills reported 4Q23 sales growth of 3% year-on-year to $5.03 billion, missing the analyst consensus of $5.17 billion. The company sees FY24 Organic net sales growth of 3% - 4%. The analyst also forecasts the risk of rising promotions as Mills is losing share in its categories.

Portfolio Pulse from Nabaparna Bhattacharya

June 29, 2023 | 6:06 pm

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares are trading higher following the company's announcement that it is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. Oppenheimer analyst Jed Kelly reiterated an Outperform rating on DraftKings and implied that PointsBet's U.S. segment was undervalued. He also noted that Fanatics Betting and Gaming could become a larger player in online sports betting.

Portfolio Pulse from Ryan Gustafson

June 29, 2023 | 6:01 pm

GBCI

Glacier Bancorp (NYSE:GBCI) has received various analyst ratings in the last quarter, with 3 bullish, 3 somewhat bullish, and 2 indifferent. The average 12-month price target for the company is $40.5, a decrease of 11.96% from the previous average of $46.00.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:01 pm

MCK

Over the last quarter, McKesson (NYSE:MCK) has received 2 bullish, 4 somewhat bullish, and 1 indifferent analyst ratings. The average 12-month price target for the company, according to 7 analysts, is $449.43, up 6.03% from the previous average of $423.86.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:01 pm

BB

BlackBerry (NYSE:BB) has received indifferent ratings from 5 analysts in the last quarter, with an average price target of $5.4, slightly above the current price of $5.385. This average price target has increased by 20.27% from the previous average of $4.49.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:00 pm

LOB

Live Oak Bancshares (NYSE:LOB) has received two bullish and two indifferent ratings from analysts in the last quarter. The average 12-month price target for the stock is $26.88, representing a 4.85% decrease from the previous average price target of $28.25.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:00 pm

FBK

FB Financial (NYSE:FBK) has received mixed analyst ratings in the last quarter, with 1 bullish, 2 indifferent, and 2 somewhat bearish ratings. The average 12-month price target for the stock, according to 5 analysts, is $32.7, a decrease of 3.25% from the previous average of $33.80.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:00 pm

CSV

Over the past 3 months, 4 analysts have published their opinion on Carriage Servs (NYSE:CSV) stock. The average price target is $43.0, implying an upside from the current price of $34.03. This represents a 4.44% decrease from the previous average price target of $45.00.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 6:00 pm

BTAI

FC

SGTX

WAVE

Several stocks experienced significant movement in Thursday's mid-day session. Sigilon Therapeutics (SGTX) shares climbed 523.8% after Eli Lilly agreed to acquire the company. Eco Wave Power Global (WAVE) gained 47.4% after announcing plans for a share repurchase program. Franklin Covey Co. (FC) gained 25.2% following upbeat Q3 results. Carriage Services (CSV) surged 24.4% after its Board initiated a process to explore potential strategic alternatives. The Greenbrier Companies (GBX) gained 23.2% after reporting better-than-expected Q3 results and raising FY23 revenue guidance. On the downside, BioXcel Therapeutics (BTAI) shares dipped 62.2% after releasing topline results from a Phase 3 trial.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 5:52 pm