Streetbeat News

Analyst Ratings

CMI

BofA Securities analyst Michael Feniger downgraded Cummins Inc. (NYSE:CMI) from Neutral to Underperform and lowered the price target from $243 to $225. Despite a strong balance sheet and market leadership, consensus earnings expectations for Cummins are considered high, especially with an anticipated decline in North American truck production in 2024. Cummins is also facing uncertainties in its hydrogen business amidst heavy investments to comply with a rising regulatory environment. Cummins shares fell by 2.12% to $228.12 following the downgrade.

Portfolio Pulse from Priya Nigam

January 19, 2024 | 5:34 pm

UNH

Cantor Fitzgerald analyst Sarah James has reiterated an Overweight rating on UnitedHealth Group (NYSE:UNH) and maintained a price target of $591.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:26 pm

HUM

Cantor Fitzgerald analyst Sarah James has reiterated an Overweight rating on Humana (NYSE:HUM) and maintained a price target of $597.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:24 pm

HCA

Cantor Fitzgerald analyst Sarah James has reiterated an Overweight rating on HCA Healthcare (NYSE:HCA) and maintained a price target of $315.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:23 pm

ELV

Cantor Fitzgerald analyst Sarah James has reiterated an Overweight rating on Elevance Health (NYSE:ELV) and maintained a price target of $547.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:21 pm

CI

Cantor Fitzgerald analyst Sarah James has reiterated a Neutral rating on Cigna Group (NYSE:CI) and maintained a price target of $334.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:20 pm

T

AT&T Inc (NYSE:T) is expected to report Q4 results on Jan. 24, with positive outlook from Oppenheimer analyst Timothy Horan who upgraded the stock to Outperform with a $21 price target. Horan cites the company's transition to a pure connectivity provider, improved network, price increases on unlimited plans, and a high percentage of fiber broadband subscribers as key tailwinds. He also anticipates potential cost-saving synergies from a DirecTV merger and projects a 12% growth in free cash flows to $18.5 billion in fiscal 2024. AT&T shares rose by 1.46% to $16.65.

Portfolio Pulse from Priya Nigam

January 19, 2024 | 5:19 pm

GBTC

JPM

JPMorgan Chase & Co. analysts predict further outflows from Grayscale Bitcoin Trust (GBTC) due to high fees and competition from new spot Bitcoin ETFs. GBTC has already seen $1.5 billion in outflows and may face additional withdrawals of $1.5 billion. The bank's report suggests that GBTC's 1.5% management fee is too high compared to its peers, some of which offer zero fees. Other spot Bitcoin ETFs have seen $3 billion in inflows, indicating a shift from GBTC and futures-based ETFs.

Portfolio Pulse from Murtuza Merchant

January 19, 2024 | 5:18 pm

SPT

Stifel analyst Parker Lane has maintained a Buy rating on Sprout Social (NASDAQ:SPT) and increased the price target from $60 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:14 pm

NTR

Stifel analyst Vincent Anderson has reaffirmed a Buy rating on Nutrien (NYSE:NTR) and increased the price target from $72 to $75, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:13 pm