Streetbeat News

Analyst Ratings

REXR

Rexford Industrial Realty's shares dropped following its Q4 financial results and FY24 Core FFO guidance, which fell below expectations. Additionally, JP Morgan downgraded REXR from Overweight to Neutral and set a $55 price target.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:12 pm

MCK

McKesson Corporation (NYSE:MCK) is set to release its Q3 earnings on Feb. 7, 2024, with expectations of $7.05 EPS, up from $6.9 year-ago, and projected revenue of $77.86 billion. The company anticipates FY24 adjusted earnings of $26.80 to $27.40 per share. Shares slightly fell by 0.2% recently. Analysts from UBS, Mizuho, Morgan Stanley, Argus Research, and Credit Suisse have updated their ratings and price targets, generally showing optimism towards MCK's financial outlook.

Portfolio Pulse from Avi Kapoor

February 07, 2024 | 3:04 pm

HLNE

Hamilton Lane (NASDAQ:HLNE) has been the subject of 4 analyst reviews over the last three months, all indicating an 'Indifferent' stance. Despite this, price targets have been raised, with the current average target at $111.25, reflecting a 10.7% increase from the previous $100.50. The company faces challenges with a -17.28% revenue decline as of September 30, 2023, but shows financial strength with a high net margin of 33.1%, ROE of 9.36%, and ROA of 3.28%. Its debt-to-equity ratio is well-managed at 0.6.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 3:00 pm

FSV

BMO Capital analyst Stephen MacLeod has maintained an Outperform rating on FirstService (NASDAQ:FSV) but lowered the price target from $196 to $193.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 2:56 pm

CTSH

BMO Capital analyst Keith Bachman has maintained a 'Market Perform' rating on Cognizant Technology Solutions (CTSH) but has lowered the price target from $88 to $85.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 2:53 pm

AAPL

Apple Inc.'s new product, the Apple Vision Pro, has been likened to the iPhone's debut, with nearly 180,000 units sold in its first weekend. Despite its revolutionary potential, analysts from Deepwater Asset Management caution about its first-generation limitations and a limited app ecosystem. The Vision Pro is expected to surpass the Apple Watch in revenue contribution within a decade but remain smaller than the iPhone. Its capabilities have been showcased on social media, receiving praise from former Apple CEO John Sculley, while Elon Musk expressed skepticism.

Portfolio Pulse from Rounak Jain

February 07, 2024 | 2:53 pm