Streetbeat News

Analyst Ratings

CSTM

UBS analyst Curt Woodworth has initiated coverage on Constellium (NYSE:CSTM) with a Buy rating and set a price target of $27.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:13 pm

NIO

NIO Inc (NYSE:NIO) shares hit new 52-week lows, continuing a downward trend with nearly 20% losses over the last month. The decline follows a repurchase right notification for its convertible senior notes due 2026 and downgrades from analysts, including Goldman Sachs' price target of $8.40 and BofA's downgrade to Neutral. Tesla's recent price cuts in China, which may increase competition, could also be contributing to selling pressure on NIO. The current average analyst price target for NIO is $27.34, with 11 positive and six neutral ratings.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 4:12 pm

CMC

UBS analyst Cleve Rueckert has initiated coverage on Commercial Metals (NYSE:CMC) with a Buy rating and set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:10 pm

CCK

UBS analyst Cleveland Rueckert has initiated coverage on Crown Holdings (NYSE:CCK) with a Buy rating and set a price target of $112.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:09 pm

FND

Floor & Decor Holdings (NYSE:FND) has received mixed analyst ratings over the last three months, with a total of 12 analysts offering diverse outlooks. The recent ratings show a shift towards a more cautious stance, with fewer bullish and more indifferent ratings in the last 30 days. Analysts have adjusted their 12-month price targets for FND, resulting in an average target of $91.75, a decrease from the previous average. The company has shown positive revenue growth and a strong net margin but has a below-average ROE. Its market capitalization is below industry averages, and it maintains a moderate debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 4:00 pm

BALL

UBS analyst Cleveland Rueckert has initiated coverage on Ball Corporation (NYSE:BALL) with a Sell rating and set a price target of $55. This new coverage could influence investor sentiment and potentially impact Ball's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:59 pm

AMBP

UBS analyst Curt Woodworth has initiated coverage on Ardagh Metal Packaging (NYSE:AMBP) with a Buy rating and set a price target of $5.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:58 pm

WDC

Western Digital's stock (WDC) is trading higher following an upgrade from Deutsche Bank, which changed its rating from Hold to Buy and increased the price target from $45 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:55 pm

AA

UBS analyst Curt Woodworth has initiated coverage on Alcoa (NYSE:AA) with a Sell rating and set a price target of $29. This new coverage could influence investor sentiment and potentially impact Alcoa's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:53 pm

PHUN

Phunware Inc (NASDAQ:PHUN) stock is trading higher, potentially due to traders' reactions to former President Donald Trump's win in the Iowa caucus. Trump's victory is significant as Phunware has ties to him, having developed the Trump-Pence 2020 Reelection Campaign's mobile application portfolio. Despite the stock's recent rise, Wall Street analysts have mixed views, with the most bearish expecting a 70% fall. Phunware's stock price has declined by 21.95% over the past three months, and its revenue fell by 41.32% over the past year.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 3:45 pm