Streetbeat News

Analyst Ratings

IEX

Stifel analyst Nathan Jones has maintained a Hold rating on IDEX Corporation (NYSE:IEX) and increased the price target from $214 to $215.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:19 pm

ALLY

BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating on Ally Financial Inc. (NYSE:ALLY) and increased the price target from $36 to $37. The analyst adjusted earnings estimates, lowering near-term estimates by 7% due to slower loan growth but raised the 2025 EPS estimate by 4% anticipating NIM recovery and a lower tax rate. The company's guidance suggests lower NIM, higher loan losses, and slower loan growth, but also higher other revenues and lower operating costs. A CEO transition is expected soon, which could lead to changes in guidance. Ally Financial's shares saw a slight increase of 0.17% to $36.38.

Portfolio Pulse from Nabaparna Bhattacharya

January 23, 2024 | 7:17 pm

ESAB

Stifel analyst Nathan Jones has maintained a Buy rating on ESAB Corporation (NYSE:ESAB) and increased the price target from $105 to $106.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:16 pm

BA

DAL

UAL

BofA Securities analyst Andrew G. Didora maintained a Buy rating on United Airlines Holdings, Inc. (UAL) with a target price of $56. United Airlines outperformed in Q4 earnings, reporting $2.00 EPS against an estimate of $1.70, and revenue of $13.60 billion against $13.54 billion expected. UAL's Q1 2024 unit revenue outlook is better than expected and surpasses Delta Air Lines, Inc.'s (DAL) forecast. The company's performance is strong despite the grounding of Boeing Company's (BA) 737 MAX 9. An accounting change affected unit revenues/costs in Q4 2023 and will continue to do so until Q3 2024. UAL's stock price rose by 6.19% to $40.83.

Portfolio Pulse from Nabaparna Bhattacharya

January 23, 2024 | 7:14 pm

EOG

Stifel analyst Derrick Whitfield has maintained a Buy rating on EOG Resources (NYSE:EOG) but has reduced the price target from $165 to $163.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:12 pm

CRC

Analysts have mixed views on California Resources (NYSE:CRC), with ratings ranging from bullish to bearish. Over the last quarter, there were 4 ratings with a recent shift towards bullishness. The average 12-month price target is $62.00, down from $65.50, with a high of $68.00 and a low of $60.00. Derrick Whitfield of Stifel raised his target to $68.00, while Kalei Akamine of B of A Securities lowered theirs to $60.00. CRC's financial performance shows challenges with a revenue decline of -24.72% and below-average net margin and ROE. However, its debt-to-equity ratio is sound at 0.32.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 7:00 pm

META

Citi analyst Ronald Josey maintains a Buy rating on Meta Platforms Inc (NASDAQ:META) with a $440 price target, citing strong growth in ads and AI innovations. Josey predicts Q4 ad load expansion and notes newer ad products are in higher demand. He expects Meta's Q4 earnings to surpass consensus estimates with projected revenue of $39.45 billion and EPS of $4.83. Meta's stock rose 170% last year, and CEO Mark Zuckerberg sold $428 million worth of stock in the last two months of 2023.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 6:50 pm

TEVA

Teva Pharmaceutical Industries' stock (TEVA) has seen an increase in its trading price following an upgrade from 'Hold' to 'Buy' by Jefferies, which also raised its price target for the stock from $10 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:24 pm

GE

BofA Securities analyst Andrew Obin is optimistic about General Electric Company's (NYSE:GE) future, citing potential upside from the upcoming Vernova spin-off and growth in the Aerospace sector. GE's Q4 FY23 earnings surpassed expectations with adjusted revenue of $18.5 billion and adjusted EPS of $1.03. The company forecasts Q1 adjusted EPS of $0.60 to $0.65 and expects FY24 revenue of $34 billion-$35 billion for GE Vernova and low double-digit growth for GE Aerospace. Obin maintains a Buy rating on GE with a $135 price target.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 6:22 pm

NXPI

NXP Semiconductors' stock (NXPI) is trading higher following an initiation of coverage by Cantor Fitzgerald with an Overweight rating and a price target of $260.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:14 pm