Streetbeat News

Analyst Ratings

LECO

Jefferies analyst Saree Boroditsky has reaffirmed a Buy rating on Lincoln Electric Holdings (NASDAQ:LECO) and increased the price target from $215 to $250, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:01 pm

BECN

Beacon Roofing Supply (NASDAQ:BECN) has been reviewed by 4 analysts over the past three months, with mixed opinions ranging from bullish to indifferent. The average 12-month price target is $99.75, with a high of $119.00 and a low of $80.00. Analysts from JP Morgan and Stifel have adjusted their price targets and ratings, reflecting their latest views on the company's performance. Beacon Roofing Supply's financial health shows a revenue growth of 7.0%, but it lags in net margin, ROE, and ROA compared to industry averages. The company's debt-to-equity ratio is below the industry average, indicating a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 8:00 pm

PRMW

TD Securities analyst Derek Lessard has maintained a Buy rating on Primo Water (NYSE:PRMW) but has reduced the price target from $26 to $23.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:58 pm

LYFT

Goldman Sachs analyst Eric Sheridan downgraded LYFT Inc (NASDAQ:LYFT) to Neutral from Buy, while raising the price target from $12 to $15. The downgrade follows a 35% increase in LYFT's share price since Q3 FY23 earnings. Despite the downgrade, the analyst is optimistic about LYFT's revenue growth and leaner cost structure, expecting higher long-term profitability. However, risks such as active rider growth, consumer behavior changes, micromobility investment returns, and driver classification regulation are noted. LYFT shares dropped by 0.71% to $13.24.

Portfolio Pulse from Shivani Kumaresan

January 11, 2024 | 7:58 pm

QSR

CIBC analyst John Zamparo has maintained an Outperformer rating on Restaurant Brands Intl (NYSE:QSR) and increased the price target from $82 to $88.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:54 pm

PZZA

Wedbush analyst Nick Setyan has maintained an Outperform rating on Papa John's International Inc (PZZA) and increased the price target from $85 to $87. The Q4 FY23 North America same-store sales growth exceeded expectations, and franchisees will contribute more to the national marketing fund starting Q2 2024. The analyst expects 2024 same-store sales growth to be driven by transactions and sees potential for increased franchised unit growth. International margins should improve despite the Middle East conflict affecting near-term visibility. Operating margins and EPS estimates for FY24 have been raised, with the new price target based on a 15.4x EV/EBITDA multiple.

Portfolio Pulse from Shivani Kumaresan

January 11, 2024 | 7:46 pm

KALU

JP Morgan analyst Bill Peterson has maintained a Neutral rating on Kaiser Aluminum (NASDAQ:KALU) and reduced the price target from $64 to $62.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:46 pm

BECN

JP Morgan analyst Michael Rehaut has maintained an Overweight rating on Beacon Roofing Supply (NASDAQ:BECN) but reduced the price target from $103 to $97.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:44 pm

CG

JP Morgan analyst Kenneth Worthington has maintained an Overweight rating on Carlyle Group (NASDAQ:CG) and increased the price target from $38 to $39.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:43 pm

CNQ

JP Morgan analyst John Royall has maintained a Neutral rating on Canadian Natural Resources (NYSE:CNQ) and increased the price target from C$101 to C$102.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 7:42 pm