Streetbeat News

Analyst Ratings

XEL

Xcel Energy Inc. (NASDAQ:XEL) experienced a 1.44% drop in the current session, trading at $51.73. Over the past month and year, the stock has fallen by 11.25% and 22.26%, respectively. Its P/E ratio of 16.35, compared to the Electric Utilities industry average of 18.0, suggests it may be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:30 pm

SNX

CFRA analyst Shreya Gheewala maintains a Hold rating on TD Synnex (SNX) and raises the price target from $110 to $113.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:25 pm

HGV

Mizuho analyst Ben Chaiken initiated coverage on Hilton Grand Vacations Inc. (NYSE:HGV) with a Buy rating and a price target of $63, citing potential revenue synergies from the Bluegreen transaction and benefits from selling more owned inventory. Chaiken forecasts a $1.24 billion EBITDA for FY24 and sees upside from conservative sales & marketing expectations. HGV shares rose 2.6% to $46.98.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 6:21 pm

TGB

TD Securities analyst Shane Nagle has maintained a Buy rating on Taseko Mines (AMEX:TGB) and increased the price target from C$3.25 to C$3.5.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:18 pm

TNL

Mizuho analyst Ben Chaiken initiated coverage on Travel+Leisure Co (NYSE:TNL) with a Neutral rating and a $55 price target, citing headwinds in the Vacation Ownership Interests (VOI) and Travel & Membership segments. The VOI segment faces challenges from accelerating new owner sales and rising interest rates, leading to a $30 million EBITDA headwind in FY24. The Travel & Membership segment is impacted by industry consolidation and lack of traction in TNL's travel club. Despite short-term challenges, the long-term outlook remains positive.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 6:12 pm

VKTX

Oppenheimer analyst Jay Olson has maintained an Outperform rating on Viking Therapeutics (NASDAQ:VKTX) and increased the price target from $116 to $138.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:10 pm

MKC

STX

TNDM

TSLA

UPS

VKTX

Wall Street is poised to end a two-day losing streak with major indices showing modest gains. The S&P 500, Dow Jones, Nasdaq 100, and Russell 2000 all saw increases, while the VIX index's decline indicates low market volatility. Economic data revealed a 1.4% rise in durable goods orders, exceeding expectations. Sector performance was mixed, with retail stocks leading gains. Notable stock movements include Tesla's rise after Italy's interest in electric truck production, UPS's decline following CEO remarks, and McCormick's surge on strong earnings. Other significant movers were Seagate Technology, Tandem Diabetes Care, and Viking Therapeutics. GameStop, nCino, and Progress Software are set to report earnings.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 6:08 pm

VRSK

Evercore ISI Group analyst David Togut maintains an In-Line rating on Verisk Analytics (NASDAQ:VRSK) and keeps the price target at $250.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:07 pm

BA

DFEN

ITA

Boeing's CEO David Calhoun and chairman Larry Kellner are stepping down amid an investigation into a safety incident. Boeing also announced the departure of Stan Deal, president of the Commercial Airplanes division. Analysts from Benchmark and BofA Securities provided their insights, with Benchmark giving a Buy rating and a $250 price target, while BofA maintains a Neutral rating with a $210 price target. The changes come as Boeing faces delivery concerns and safety issues. Investors can gain exposure to Boeing through IShares U.S. Aerospace & Defense ETF (ITA) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 6:07 pm