Streetbeat News

Analyst Ratings

CBOE

Citigroup analyst Christopher Allen has maintained a Neutral rating on Cboe Global Markets (CBOE) and increased the price target from $170 to $188.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:57 pm

ICE

Citigroup analyst Christopher Allen has reaffirmed a Buy rating on Intercontinental Exchange (NYSE:ICE) and increased the price target from $130 to $146. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the previous target.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:55 pm

NDAQ

Citigroup analyst Christopher Allen has maintained a Neutral rating on Nasdaq (NDAQ) and increased the price target from $56 to $63.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:54 pm

ANF

AVY

LULU

Truist Securities analyst Michael Roxland reaffirmed a Buy rating on Avery Dennison Corporation (NYSE:AVY) with a price target of $249, unaffected by Red Sea supply chain concerns. The analyst highlighted that despite weak apparel demand impacting Intelligent Labels growth in 2023, improvement in apparel sales and new accounts should positively impact 2024. The price target is based on various financial forecasts and multiples. Avery Dennison's stock showed a slight increase of 0.11% to $196.94.

Portfolio Pulse from Shivani Kumaresan

January 12, 2024 | 7:53 pm

TW

Citigroup analyst Christopher Allen has reaffirmed a Buy rating on Tradeweb Markets (NASDAQ:TW) and increased the price target from $105 to $115.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:53 pm

MSFT

SNOW

Piper Sandler analyst Brent Bracelin has reiterated Microsoft Corp (MSFT) with an Overweight rating and a $455 price target after attending Microsoft AI event sessions. He is encouraged by the momentum of mature AI products like GitHub Copilot and Azure AI, but notes that M365 Copilot is still in early adoption. Microsoft is favored for its AI first-mover advantage, despite needing time to justify its premium multiple. GitHub Copilot's user base has grown to over 1 million paid developers. Microsoft Fabric is seen as complementary to Snowflake Inc (SNOW). The analyst expects Microsoft's Q2 revenue and EPS to be slightly above consensus estimates. MSFT shares were up 0.85% at last check.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 7:52 pm

PEN

RBC Capital analyst Shagun Singh has reaffirmed an Outperform rating on Penumbra (NYSE:PEN) and increased the price target from $280 to $289.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:51 pm

APLS

Apellis Pharmaceuticals' stock (APLS) is trading higher following an update from Wedbush, which maintained a Neutral rating but increased the price target from $39 to $60.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:50 pm

SYK

RBC Capital analyst Shagun Singh has maintained an Outperform rating on Stryker (NYSE:SYK) and increased the price target from $315 to $345.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:49 pm

ZBH

RBC Capital analyst Shagun Singh has maintained an Outperform rating on Zimmer Biomet Holdings (NYSE:ZBH) and increased the price target from $134 to $140.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:48 pm