Streetbeat News

Analyst Ratings

CHTR

Rosenblatt analyst Barton Crockett downgrades Charter Communications (CHTR) from Buy to Neutral and lowers the price target from $472 to $335.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:22 pm

VZIO

Barrington Research analyst James Goss downgraded VIZIO Holding (NYSE:VZIO) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:19 pm

VZIO

Needham analyst Laura Martin downgrades VIZIO Holding (NYSE:VZIO) from Buy to Hold, indicating a change in the firm's outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:17 pm

RAPT

Cantor Fitzgerald analyst Prakhar Agrawal downgraded RAPT Therapeutics (NASDAQ:RAPT) from Overweight to Neutral, indicating a shift in the firm's outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:14 pm

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