Streetbeat News

Analyst Ratings

EWBC

Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on East West Bancorp (NASDAQ:EWBC) and raises the price target from $76 to $89.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:59 pm

CFR

Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Cullen/Frost Bankers (NYSE:CFR) and raises the price target from $109 to $115.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:58 pm

NYCB

New York Community Bancorp Inc (NYSE:NYCB) experienced significant volatility, with shares dropping about 22% following a liquidity and deposit update, executive changes, and analyst downgrades. The company reported an increase in total deposits to $83 billion, total liquidity of $37.3 billion, and announced the appointment of Alessandro DiNello as executive chairman. Moody's downgraded the company's ratings to junk, and analysts from JPMorgan and BofA Securities downgraded the stock with lowered price targets. Additionally, NYCB is seeking financing for a portfolio of residential mortgages and faces a securities fraud lawsuit.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 7:58 pm

CEG

Morgan Stanley analyst David Arcaro maintains an Overweight rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $136 to $141.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:57 pm

LLY

Barclays analyst Geoff Meacham maintains an Overweight rating on Eli Lilly (LLY) and raises the price target from $680 to $810.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:57 pm

AMZN

GOOG

GOOGL

META

SNAP

Snap Inc's Q4 revenue missed estimates, causing its stock to plummet over 35%. Despite beating earnings per share estimates, analysts remain cautious, awaiting consistent execution. The company faces challenges from infrastructure investments, rising marketing expenses, and competition from larger platforms like Alphabet, Meta Platforms, and Amazon.com. Analysts from JPMorgan, Stifel, Truist Securities, and Oppenheimer provided mixed outlooks, highlighting the need for improved execution and market share recovery.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 7:55 pm

CMG

Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Chipotle Mexican Grill (CMG) and increased the price target from $2246 to $2400.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:52 pm

XYL

Citigroup analyst Andrew Kaplowitz maintains a Neutral rating on Xylem (NYSE:XYL) and raises the price target from $122 to $126.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:50 pm

CMG

TD Cowen analyst Andrew Charles has maintained an Outperform rating on Chipotle Mexican Grill (CMG) and increased the price target from $2650 to $2900.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:49 pm

LLY

Eli Lilly (NYSE:LLY) reported a Q4 2023 revenue of $9.35 billion, a 28% increase Y/Y, surpassing the consensus of $8.93 billion. This growth was driven by higher prices, increased volume, and favorable foreign exchange rates. New Products revenue, led by Mounjaro and Zepbound, grew to $2.49 billion. The company also announced positive results from the SYNERGY-NASH Phase 2 study of tirzepatide. However, Verzenio did not meet its primary endpoint in the CYCLONE-2 study. Analysts from BMO Capital, Morgan Stanley, BofA Securities, and Truist have raised their price targets for LLY, citing strong growth potential and recent successes.

Portfolio Pulse from Vandana Singh

February 07, 2024 | 7:49 pm