Streetbeat News

Analyst Ratings

OLN

UBS analyst Joshua Spector has maintained a Neutral rating on Olin Corporation (NYSE:OLN) and increased the price target from $53 to $56.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:44 pm

MEOH

UBS analyst Joshua Spector has maintained a Neutral rating on Methanex (NASDAQ:MEOH) and increased the price target from $48 to $51.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:41 pm

KBH

UBS analyst John Lovallo maintains a Buy rating on KB Home (NYSE:KBH) and increases the price target from $78 to $82.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:38 pm

SO

BMO Capital Markets analyst James Thalacker upgraded Southern Co (NYSE:SO) from Market Perform to Outperform and raised the price target from $72 to $77. The upgrade is based on the company's strong balance sheet, regulatory health focus, and execution, which may drive performance in 2024. Southern Co's stock has been volatile but was one of the best performers in 2023. The company has over $45 billion in identified opportunities and expects additional capital opportunities, supported by a strong regional economy. The quiet regulatory calendar in 2024 is also expected to attract investors seeking regulatory certainty.

Portfolio Pulse from Priya Nigam

January 11, 2024 | 3:37 pm

IFF

UBS analyst Joshua Spector has maintained a Neutral rating on Intl Flavors & Fragrances (IFF) and increased the price target from $78 to $82.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:36 pm

WFC

Wells Fargo & Company (NYSE:WFC) is expected to report an increase in Q4 earnings to $1.20 per share from 61 cents per share a year ago, with revenue estimated at $20.32 billion, up from $19.66 billion. Despite a positive earnings outlook, the stock fell 0.4% to $49.08. Analysts have revised their ratings and price targets ahead of the earnings call, with mixed opinions ranging from downgrades to maintaining and raising price targets.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 3:33 pm

GLW

UBS analyst Joshua Spector has maintained a Neutral rating on Corning (NYSE:GLW) and increased the price target from $29 to $32.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:33 pm

ASPN

OPI

PLUG

SPWR

Aspen Aerogels, Inc. (ASPN) reported preliminary Q4 revenue of $84 million and projected FY24 baseline revenue of $350 million, causing its shares to fall 12.2%. Other stocks also moved lower, including Office Properties Income Trust (OPI) after a dividend cut, and Plug Power Inc. (PLUG) and SunPower Corporation (SPWR) following downgrades by Susquehanna. Various companies experienced share price declines due to different reasons such as poor earnings, management changes, and analyst downgrades.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 3:32 pm

FMC

UBS analyst Joshua Spector has maintained a Neutral rating on FMC Corporation and increased the price target from $59 to $61.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:29 pm

STX

Seagate Technology's stock (STX) trades lower following a downgrade from Neutral to Underperform by Exane BNP, which also set a price target of $65.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:29 pm