Streetbeat News

Analyst Ratings

XOM

RBC Capital analyst Biraj Borkhataria reiterates a 'Sector Perform' rating on Exxon Mobil (XOM) and maintains a $120 price target.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:23 pm

CAT

Caterpillar Inc (NYSE:CAT) reported a Q4 fiscal 2023 revenue increase of 3% year-over-year to $17.07 billion, slightly missing consensus estimates. However, its adjusted earnings of $5.23 per share exceeded expectations, driven by favorable price realization, higher Financial Products' segment revenues, and a favorable currency impact. Despite a decrease in sales volume due to changes in dealer inventories, the company saw an adjusted operating profit margin increase to 18.9%. Caterpillar anticipates 2024 sales and revenues to be similar to 2023, with no significant change in machine dealer inventory and expects ME&T free cash flow to be in the top half of the $5 billion-$10 billion range. Goldman Sachs analyst Jerry Revich reaffirmed a 12-month price target of $274 for CAT, highlighting the company's strong quarter and positive outlook for improved margins and cash flow.

Portfolio Pulse from Akanksha Bakshi

February 05, 2024 | 3:21 pm

CMS

RBC Capital analyst Shelby Tucker maintains a Sector Perform rating on CMS Energy (NYSE:CMS) and raises the price target from $64 to $65.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:20 pm

CPT

RBC Capital analyst Brad Heffern has reiterated an Outperform rating on Camden Prop Trust (NYSE:CPT) and maintained a $103 price target. This reaffirms the analyst's positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:17 pm

MARA

High-rolling investors have shown a bearish sentiment on Marathon Digital Holdings (NASDAQ:MARA), with options data revealing a split sentiment: 40% bullish and 60% bearish. The options trades indicate a price target range of $15.5 to $35.0 for MARA. The most significant options trades include both bearish and bullish calls with expiration dates ranging from February 2024 to April 2024. Marathon Digital Holdings, a company focused on mining digital assets, has seen its trading volume at 10,540,399 with a slight price decrease of -0.88%, currently at $18.04. An analyst from BTIG has upgraded the stock to Buy with a price target of $27.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:15 pm

CVX

RBC Capital analyst Biraj Borkhataria maintains an Outperform rating on Chevron (CVX) and raises the price target from $185 to $190.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:14 pm

CHD

RBC Capital analyst Nik Modi maintains a Sector Perform rating on Church & Dwight Co (NYSE:CHD) and raises the price target from $94 to $103.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:12 pm

BTCUSD

Technical analyst DonAlt predicts Bitcoin (BTC) is one resistance level away from a rally to $60,000, citing the $44,000-$45,000 range as the key hurdle. On-chain volume for Bitcoin reached its highest level since September 2022, indicating increased interest. Bitcoin is currently facing resistance at $44,000. The upcoming Bitcoin halving and recent inflows into digital asset investment products, predominantly in Bitcoin, support a bullish outlook.

Portfolio Pulse from Khyathi Dalal

February 05, 2024 | 3:08 pm

BSX

RBC Capital analyst Shagun Singh has reiterated an Outperform rating on Boston Scientific (NYSE:BSX) and maintained a $70 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:06 pm

AON

RBC Capital analyst Scott Heleniak has maintained a 'Sector Perform' rating on Aon (NYSE:AON) and lowered the price target from $342 to $325.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:01 pm