Streetbeat News

Analyst Ratings

PTEN

RBC Capital analyst Keith Mackey maintains an Outperform rating on Patterson-UTI Energy (PTEN) but lowers the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:54 pm

PEGA

RBC Capital analyst Rishi Jaluria maintains an Outperform rating on Pegasystems (NASDAQ:PEGA) and raises the price target from $65 to $77.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:53 pm

PLD

RBC Capital analyst Michael Carroll has maintained an Outperform rating on Prologis (NYSE:PLD) and increased the price target from $128 to $145.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:51 pm

PRTA

RBC Capital analyst Brian Abrahams has maintained a 'Sector Perform' rating on Prothena Corp (NASDAQ:PRTA) but lowered the price target from $36 to $35.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:44 pm

DIS

PENN

PENN Entertainment Inc (NASDAQ:PENN) reported Q4 financial results, with analysts focusing on the future growth of ESPN Bet. Analysts from Macquarie, Needham, Stifel, and JMP Securities provided insights, highlighting the high investment levels and losses in the digital segment but also noting the potential for future growth and market share gains. The integration of ESPN Bet with ESPN, licensed from Walt Disney Co (NYSE:DIS), is seen as a positive step. PENN shares have seen a decline, reflecting investor concerns and the high costs associated with the ESPN Bet launch.

Portfolio Pulse from Chris Katje

February 16, 2024 | 5:43 pm

OTLY

RBC Capital analyst Nik Modi has maintained a 'Sector Perform' rating on Oatly Group (OTLY) and increased the price target from $0.63 to $1.05.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:41 pm

NRIX

RBC Capital analyst Gregory Renza has maintained an Outperform rating on Nurix Therapeutics (NASDAQ:NRIX) but lowered the price target from $24 to $22.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:38 pm

NKE

Nike Inc (NYSE:NKE) shares dropped after Oppenheimer downgraded the stock to Perform from Outperform and cut the price target to $110 from $150. The downgrade is due to expectations of sluggish top-line trends, concerns over consumer demand, pauses in product innovation, and competitive pressures. Additionally, Nike plans to cut over 1,600 jobs to focus on key categories and aims for $2 billion in cost savings over three years. The analyst also lowered EPS estimates for Q3 and FY26.

Portfolio Pulse from Lekha Gupta

February 16, 2024 | 5:37 pm

IRT

RBC Capital analyst Brad Heffern maintains an Outperform rating on Independence Realty Trust (NYSE:IRT) and raises the price target from $16 to $17.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:36 pm

EAF

RBC Capital analyst Arun Viswanathan maintains a Sector Perform rating on GrafTech International (NYSE:EAF) and lowers the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 5:34 pm