Streetbeat News

Analyst Ratings

MSCI

Raymond James analyst Patrick O'Shaughnessy downgraded MSCI Inc (NYSE:MSCI) to Market Perform from Outperform, citing a slowdown in ESG & Climate sales and persistent political headwinds. Sales in this segment through the first three quarters of 2023 were $31 million, compared to $52 million in 2022 and $43 million in 2021. The analyst expects these headwinds to continue through at least 2024 and projects revenue growth in the ESG & Climate segment to decelerate to 17% in 2024. Index subscription growth is also expected to fall below 10% in 2024. Despite these challenges, MSCI is still seen as a strong business with high barriers to entry and recurring revenue models. The analyst predicts ETFs linked to MSCI indices will see about $50 billion in net inflows in 2023, which is a decrease from $55 billion in 2022. Adjusted EPS estimates for Q4 and FY24 were raised slightly due to strong market performance.

Portfolio Pulse from Lekha Gupta

January 05, 2024 | 5:42 pm

BXP

SLG

VNO

On CNBC, Jenny Harrington recommended commercial real estate stocks, specifically naming Boston Properties (BXP), SL Green Realty Corp (SLG), and Vornado Realty Trust (VNO) as her picks.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:42 pm

PB

Raymond James analyst Michael Rose has reaffirmed a Strong Buy rating on Prosperity Bancshares (NYSE:PB) and increased the price target from $65 to $80.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:41 pm

OSBC

Raymond James analyst David Long has downgraded Old Second Bancorp (OSBC) from Strong Buy to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:39 pm

NBTB

Raymond James analyst Steve Moss has maintained an Outperform rating on NBT Bancorp (NASDAQ:NBTB) and increased the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:36 pm

HTBK

Raymond James analyst David Feaster has maintained an Outperform rating on Heritage Commerce (NASDAQ:HTBK) and increased the price target from $9.5 to $11.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:35 pm

HWC

Raymond James analyst Michael Rose has maintained an Outperform rating on Hancock Whitney (NASDAQ:HWC) and increased the price target from $45 to $55.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:33 pm

GBCI

Raymond James analyst David Feaster has maintained an Outperform rating on Glacier Bancorp (NYSE:GBCI) and increased the price target from $36 to $46.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:32 pm

FFIC

Raymond James analyst Steve Moss has maintained an Outperform rating on Flushing Financial (NASDAQ:FFIC) and increased the price target from $17 to $19.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:31 pm

FHN

Raymond James analyst Michael Rose has upgraded First Horizon (NYSE:FHN) from Outperform to Strong Buy and increased the price target from $13 to $17.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 5:29 pm