Streetbeat News

Analyst Ratings

SRE

Morgan Stanley analyst David Arcaro maintains an Equal-Weight rating on Sempra (NYSE:SRE) and raises the price target from $74 to $75.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:32 pm

PNW

Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Pinnacle West Capital (PNW) and increased the price target from $69 to $70.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:31 pm

OGS

Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on ONE Gas (NYSE:OGS) and increased the price target from $57 to $58.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:29 pm

SHAK

TD Cowen analyst Andrew Charles has reiterated an Outperform rating on Shake Shack (NYSE:SHAK) and maintained a $125 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:29 pm

MU

Morgan Stanley analyst Joseph Moore has maintained an Underweight rating on Micron Technology (NASDAQ:MU) but raised the price target from $78 to $98.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:28 pm

KSS

Morgan Stanley analyst Kimberly Greenberger maintains an Underweight rating on Kohl's (NYSE:KSS) and raises the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:24 pm

FCNCA

GS

KRE

MS

XLF

U.S. financial stocks, including major banks and regional banks, have surged to record highs following the March FOMC meeting, driven by expectations of stronger economic growth and lower borrowing costs. Bank of America's Ebrahim H. Poonawala points to a bullish outlook for bank stocks, citing the Fed's rate cut projections and QT taper plans. The SPDR Regional Banking ETF (KRE) and the Financial Select Sector SPDR Fund (XLF) saw significant gains. Bank of America remains optimistic about Goldman Sachs (GS) and Morgan Stanley (MS), while Goldman Sachs is bullish on First Citizens Bancshares (FCNCA). Super-regional banks are also highlighted for their potential to narrow the valuation gap with major banks.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 4:23 pm

PAYO

Citigroup analyst Ashwin Shirvaikar has maintained a Buy rating on Payoneer Global (NASDAQ:PAYO) but has lowered the price target from $7.5 to $6.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:22 pm

CNTX

HC Wainwright & Co. analyst Emily Bodnar maintains a Buy rating on Context Therapeutics (NASDAQ:CNTX) but lowers the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:21 pm

IDA

Morgan Stanley analyst David Arcaro maintains an Equal-Weight rating on Idacorp (NYSE:IDA) and raises the price target from $92 to $95.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:21 pm