Streetbeat News

Analyst Ratings

PPG

Baird analyst Ghansham Panjabi has reiterated an Outperform rating on PPG Industries (NYSE:PPG) and maintained a price target of $150.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:23 pm

CMI

GFL

PCAR

TEX

Bank of America Securities analyst Michael Feniger has adjusted ratings for companies in the machinery, E&C, and waste management sectors, anticipating a challenging 2024. The analyst predicts difficulty in EPS beats due to slow backlogs, moderating pricing, and inventory challenges. Despite this, if the Fed reduces rates, the market may not fully discount lower backlogs for 2025. Consensus forecasts suggest flat to negative EPS growth for the cyclical machinery sector in 2024. Feniger downgraded GFL Environmental Inc (GFL) to Neutral and Cummins Inc (CMI) to Underperform, while upgrading PACCAR Inc (PCAR) to Neutral. Terex Corp (TEX) was also downgraded to Underperform.

Portfolio Pulse from Lekha Gupta

January 19, 2024 | 7:21 pm

JBHT

Baird analyst Benjamin Hartford has reiterated an Outperform rating on JB Hunt Transport Services (NASDAQ:JBHT) and maintained a price target of $215.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:21 pm

FUL

Baird analyst Ghansham Panjabi has reiterated a Neutral rating on H.B. Fuller (NYSE:FUL) and maintained the company's price target at $80.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:19 pm

ATGE

Barrington Research analyst Alexander Paris has maintained an Outperform rating on Adtalem Global Education (NYSE:ATGE) and increased the price target from $55 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:18 pm

FAST

Baird analyst David Manthey has maintained a Neutral rating on Fastenal (NASDAQ:FAST) and increased the price target from $62 to $73. This adjustment reflects a more positive outlook on the company's future performance, although the Neutral rating suggests a cautious stance on the stock's current valuation.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:17 pm

TIL

Baird analyst Jack Allen has reiterated an Outperform rating on Instil Bio (NASDAQ:TIL) and maintained a price target of $54.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:13 pm

KEY

DA Davidson analyst Peter Winter has maintained a Buy rating on KeyCorp (NYSE:KEY) but has reduced the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:11 pm

MBUU

Baird analyst Craig Kennison has reiterated an Outperform rating on Malibu Boats (NASDAQ:MBUU) and maintained a price target of $54.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:09 pm

DKNG

PDYPY

PENN

DraftKings Inc (NASDAQ:DKNG) was upgraded from Hold to Buy by Stifel analyst Jeffrey A. Stantial, with a price target increase from $40 to $45. The upgrade is based on factors such as same-state handle growth, hold-rate expansion, marketing discipline, and EBITDA upside. Stantial notes that competition risks, such as from PENN Entertainment's (NASDAQ:PENN) ESPN Bet, are easing, which may benefit DraftKings. Flutter Entertainment (OTC:PDYPY), the parent company of FanDuel, is also mentioned as a potential risk due to its planned NYSE listing. Other analysts have mixed views on DraftKings, with ratings ranging from Underperform to Buy and price targets between $28 and $50. DraftKings shares were down 2% to $36.90 on Friday.

Portfolio Pulse from Chris Katje

January 19, 2024 | 7:08 pm