Streetbeat News

Analyst Ratings

MSFT

BMO Capital analyst Keith Bachman has maintained an Outperform rating on Microsoft (NASDAQ:MSFT) and increased the price target from $420 to $455.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:17 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) shares fell after reporting Q1 results below expectations, with concerns over China sales and boycott effects. Analysts from Wedbush, Stephens, TD Cowen, William Blair, and KeyBanc Capital Markets provided mixed outlooks, maintaining various ratings and price targets. The company's guidance for the full year remains unchanged despite lower U.S. and China comps, but analysts are skeptical due to the weak Q1 performance and soft January sales.

Portfolio Pulse from Priya Nigam

January 31, 2024 | 5:16 pm

SYY

BMO Capital analyst Kelly Bania has maintained an Outperform rating on Sysco (NYSE:SYY) and increased the price target from $85 to $90, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:15 pm

MSFT

Despite Microsoft Corp (NASDAQ:MSFT) reporting higher-than-expected quarterly results with significant growth in AI revenue, shares fell in early trading on Wednesday. Analysts from BMO Capital Markets, RBC Capital Markets, Piper Sandler, Truist Securities, and William Blair provided positive outlooks, with some raising their price targets due to strong Azure growth, particularly in AI workloads. AI-related revenue doubled sequentially, and although it represents a small portion of total revenue, it's seen as a key growth driver. Analysts expect AI to continue contributing to growth throughout the year.

Portfolio Pulse from Priya Nigam

January 31, 2024 | 5:10 pm

WHR

RBC Capital analyst Mike Dahl has maintained an Underperform rating on Whirlpool (NYSE:WHR) and reduced the price target from $92 to $85, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:04 pm

SYK

RBC Capital analyst Shagun Singh has maintained an Outperform rating on Stryker (NYSE:SYK) and increased the price target from $345 to $360.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:02 pm

UNM

Unum Group (NYSE:UNM) received mixed analyst ratings over the last quarter, with 4 analysts offering varied opinions. The average 12-month price target is $53.5, with a high of $55.00 and a low of $52.00, indicating a slight increase from the previous target of $53.33. Analysts from Goldman Sachs, JP Morgan, Morgan Stanley, and Truist Securities have adjusted their ratings and price targets, reflecting their views on the company's market performance and economic indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:01 pm

T

Analysts have updated their ratings and price targets for AT&T (NYSE:T), with an average 12-month price target of $21.25, up from the previous $19.00. The ratings range from 'Equal-Weight' to 'Buy', with recent upgrades from Barclays, Deutsche Bank, Oppenheimer, and Wells Fargo. AT&T's financials show strong market position, revenue growth, profitability, and efficient use of assets. The company's wireless business is a major revenue contributor, and it holds a 70% stake in DirecTV.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

EURN

Jefferies has downgraded Euronav (NYSE:EURN) from a previous rating to Hold, adjusting the price target from $21.00 to $18.00. Euronav's shares are currently trading at $17.66, down 0.17% over the last 24 hours. The new price target suggests a modest upside potential of 1.93%. Euronav operates a fleet of vessels for maritime shipping and storage of oil and petroleum products, with the tankers segment being the primary revenue generator.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

PHM

Barclays has reaffirmed its Overweight rating on PulteGroup (NYSE:PHM) and increased its price target from $120.00 to $126.00. PulteGroup's stock is currently trading at $105.99, and the new price target suggests a potential upside of 18.88%. PulteGroup is a major homebuilder in the U.S., offering single-family homes and financial services like mortgage financing and title agency services.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm