Streetbeat News

Analyst Ratings

LPX

TD Cowen analyst Sean Steuart downgraded Louisiana-Pacific (NYSE:LPX) from Buy to Hold and set a price target of $75. This reflects a change in the firm's outlook on the stock, suggesting a more neutral stance.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:25 pm

CTSH

Jefferies analyst Surinder Thind has upgraded Cognizant Tech Solns (CTSH) from Hold to Buy and increased the price target from $70 to $85.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:22 pm

WAB

Jefferies analyst Saree Boroditsky upgraded Westinghouse Air Brake (NYSE:WAB) from Hold to Buy and increased the price target from $115 to $150, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:19 pm

COIN

ETCUSD

HPE

MSTR

RIOT

Ethereum Classic surged 34% following the SEC's approval of Bitcoin ETFs, outperforming BTC and ETH. The global electric vehicle market saw a 31% increase in sales in 2023. Cathie Wood discussed her personal Bitcoin holdings and the SEC's decision. Jim Cramer commented on the potential market reaction to the ETF approval. Crypto-related stocks like Riot Blockchain, Coinbase, and MicroStrategy are trending due to the Bitcoin Spot ETF spotlight. In other news, Trump discussed his potential 2024 running mate, and a study predicted a $1 trillion boost to the US economy from generative AI. Samsung, Apple, Amazon, and HP Enterprise made headlines in tech, while the electric vehicle and consumer sectors also featured notable updates.

Portfolio Pulse from Akanksha Bakshi

January 11, 2024 | 2:17 pm

MMM

Marc Chaikin, founder and CEO of Chaikin Analytics, recommends buying 3M Co (NYSE:MMM) stock, citing its potential for upside despite a more than 10% decline in 2023 due to business-specific headwinds and legal disputes. Chaikin highlights 3M's history of innovation, like the Post-It-Note, and notes a recent Golden Cross on the technical charts, which could signal a bullish trend. 3M is addressing litigation risks, improving operational efficiencies, and leveraging strong free cash flow, which may lead to recovery and dividend growth. The stock also has an attractive valuation with a low P/E ratio compared to the sector median and a high dividend yield.

Portfolio Pulse from Surbhi Jain

January 11, 2024 | 2:14 pm

CMP

Stifel analyst Vincent Anderson has maintained a Buy rating on Compass Minerals Intl (NYSE:CMP) but reduced the price target from $75 to $60, as reported on January 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:10 pm

NOW

Stifel analyst Brad Reback has maintained a Buy rating on ServiceNow (NYSE:NOW) and increased the price target from $650 to $740, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:08 pm

WSM

Wedbush analyst Seth Basham has upgraded Williams-Sonoma (NYSE:WSM) from Neutral to Outperform and set a price target of $230.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:08 pm

HUBS

Stifel analyst Parker Lane has reaffirmed a Buy rating on HubSpot (NYSE:HUBS) and increased the price target from $600 to $625, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:07 pm

HUBS

Stifel analyst Parker Lane has reaffirmed a Buy rating on HubSpot (NYSE:HUBS) and increased the price target from $600 to $625.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:06 pm