Streetbeat News

Analyst Ratings

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading lower ahead of its Q4 earnings report. The company announced expansion into Europe and the unveiling of a new SUV, the R2. Barclays analyst Dan Levy downgraded Rivian's stock from Overweight to Equal-Weight with a price target reduction from $25 to $16, citing a slowdown in the EV market. Rivian is expected to report a loss of $1.32 per share and revenue of $1.262 billion. Analysts have mixed ratings on RIVN, with an average 12-month price target of $20.14.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 7:12 pm

AIG

CRBG

BofA Securities analyst Joshua Shanker downgraded American International Group Inc (AIG) to Neutral from Buy, despite strong Q4 results, due to anticipated difficulties in 2024 including the impact of selling the Validus reinsurance business to RenaissanceRe and a divestiture plan by Corebridge Financial Inc (CRBG) affecting AIG's EPS. Shanker raised AIG's price target to $77 from $75 but expects a slower trend toward higher investment yields and lower EPS forecasts for the coming years.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 7:11 pm

USFD

Piper Sandler analyst Brian Mullan upgraded US Foods Holding Corp (USFD) to Overweight from Neutral and raised the price target to $59 from $45, citing potential for the stock to reach high $50s/low $60s in the next 12 months. US Foods reported Q4 revenue of $8.936 billion, surpassing estimates, but missed EPS expectations. Despite potential industry slowdowns due to a recession, USFD is expected to outperform its peers. Mullan also revised revenue and EPS estimates for 2024 and 2025 upwards.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 7:10 pm

AZO

Wedbush analyst Seth Basham has reiterated an Outperform rating on AutoZone (NYSE:AZO) and maintained a price target of $2950.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:09 pm

ALK

JBLU

LUV

Deutsche Bank analyst Michael Linenberg upgraded Alaska Air Group Inc (ALK), JetBlue Airways Corp (JBLU), and Southwest Airlines Co (LUV) to Buy, citing a more balanced domestic supply backdrop and various company-specific factors. Linenberg increased price targets for ALK to $51, JBLU to $9, and LUV to $42. The upgrades were based on expectations of benefits from seasonal shaping initiatives for ALK, management changes and activist involvement for JBLU, and network restructuring for LUV. The overall domestic airline industry is expected to see moderate growth in 2024.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 7:06 pm

SMCI

Rosenblatt analyst Hans Mosesmann maintains a Buy rating on Super Micro Computer (SMCI) and raises the price target from $700 to $1300.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:05 pm

JCI

Analyst evaluations of Johnson Controls Intl (JCI) over the last three months show diverse opinions, with a total of 12 ratings ranging from bullish to bearish. The average 12-month price target for JCI is now $58.33, down 0.93% from the previous $58.88. Analyst actions include adjustments to ratings and price targets, reflecting responses to market conditions and company performance. JCI's financial performance indicates a positive revenue trend with a growth rate of 0.43% as of December 31, 2023, but its net margin, ROE, and ROA are below industry averages, suggesting challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:01 pm

PBF

Four financial analysts have recently updated their ratings and price targets on PBF Energy (NYSE:PBF), showing a mix of bullish, somewhat bullish, and indifferent stances. The average 12-month price target is now $51.25, down from $57.67, indicating a negative sentiment shift. Analysts from JP Morgan, Piper Sandler, Mizuho, and UBS have adjusted their ratings and targets, reflecting changes in market conditions and PBF Energy's performance. Despite facing revenue challenges and below-average profitability metrics, PBF Energy's market position remains robust due to its significant market capitalization and balanced debt approach.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:01 pm

NVO

In the last three months, 7 analysts have rated Novo Nordisk (NVO) as somewhat bullish, with recent ratings showing a positive trend. The average 12-month price target for NVO is now $130.71, marking a 16.19% increase from the previous target of $112.50. Novo Nordisk, a leader in diabetes care, has shown strong financial performance with a revenue growth of 36.95%, a net margin of 33.35%, and an ROE of 22.01%. Analysts' actions and price target adjustments reflect their optimistic outlook on the company's future performance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:01 pm

CTLT

Recent analysis of Catalent (NYSE:CTLT) by 5 analysts over the past three months shows a unanimous indifferent stance with no change in sentiment in the last 30 days. The 12-month price target for CTLT has been adjusted to an average of $60.2, marking a 12.17% increase from the previous target of $53.67. Despite this optimistic adjustment in price targets, Catalent's financial health indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management suggest potential challenges ahead. The company's reliance on borrowed funds and below-average profitability and efficiency metrics could impact its stock performance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:00 pm