Streetbeat News

Analyst Ratings

PGR

Piper Sandler analyst Paul Newsome has maintained an Overweight rating on Progressive (NYSE:PGR) and increased the price target from $188 to $207.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:48 pm

NOW

Piper Sandler analyst Rob Owens has maintained an Overweight rating on ServiceNow (NYSE:NOW) and increased the price target from $750 to $830.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:46 pm

TSLA

Following Tesla's Q4 earnings miss, Wedbush analyst Daniel Ives expressed disappointment and reduced his price target for Tesla from $350 to $315, a 10% cut. Ives criticized the earnings call for lacking strategic and financial details, but remains optimistic about Tesla's long-term prospects. Future Fund's Gary Black also lowered his 2024 EPS estimate for Tesla by 9% to $3.40, citing the lack of production guidance and pricing uncertainty. Tesla's stock fell 8.23% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 25, 2024 | 1:44 pm

NBTB

Piper Sandler analyst Alexander Twerdahl has maintained an Overweight rating on NBT Bancorp (NASDAQ:NBTB) but reduced the price target from $42 to $41.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:43 pm

LVMHF

LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF) is set to report Q4 and full year 2023 earnings amidst a 30% decline from its 2023 highs. Concerns over the Chinese luxury market and normalization of growth post-pandemic have impacted the stock. Telsey Group maintains an Outperform rating with a $980 price target. LVMH's diversified portfolio and strategic moves, including acquisitions and executive appointments, are highlighted. The company expects growth in various segments, with Fashion and Leather Goods leading. LVMHF closed at $747.47 in the US and €683.40 in Paris.

Portfolio Pulse from Surbhi Jain

January 25, 2024 | 1:42 pm

NBHC

Piper Sandler analyst Andrew Liesch has maintained an Overweight rating on National Bank Holdings (NBHC) and increased the price target from $40 to $41.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:40 pm

APO

BABA

BX

SLB

On CNBC's 'Halftime Report Final Trades,' analysts discussed Alibaba Group (BABA), Blackstone (BX), Apollo Global Management (APO), and Schlumberger (SLB). Alibaba appointed a new acting CEO for Daraz Group amid a management reshuffle. Blackstone is set to release quarterly earnings with analysts expecting a slight decrease in EPS compared to the previous year. Apollo received a price target increase from Morgan Stanley, and Schlumberger reported a revenue increase in Q4 fiscal 2023, beating consensus estimates. All mentioned stocks saw gains in their recent trading sessions.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 1:37 pm

PRAX

RXST

SLCA

TTEK

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' labeled Praxis Precision Medicines (PRAX) as 'too risky' despite its 64% stock jump over the past month following a public offering. He also rejected U.S. Silica Holdings (SLCA) after its Q3 results fell short of expectations. Conversely, Cramer endorsed Tetra Tech (TTEK) following Keybanc's Overweight rating and $191 price target. RxSight (RXST) was noted for losing money, with Cramer seeking further analysis despite Needham's Buy rating and increased price target from $35 to $41.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 1:33 pm

KMPR

Piper Sandler analyst Paul Newsome has maintained an Overweight rating on Kemper Corporation (NYSE:KMPR) and increased the price target from $56 to $66. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:32 pm

HNVR

Piper Sandler analyst Mark Fitzgibbon has maintained an Overweight rating on Hanover Bancorp (NASDAQ:HNVR) and increased the price target from $20 to $21.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:29 pm