Streetbeat News

Analyst Ratings

KMT

Four analysts have recently updated their ratings on Kennametal (NYSE:KMT), with two maintaining an indifferent stance, one somewhat bearish, and one bearish. The average 12-month price target for KMT is now $24.75, down from the previous $28.00. Analysts from Morgan Stanley, Barclays, Goldman Sachs, and JP Morgan have adjusted their price targets and ratings, reflecting a cautious to negative outlook on the company's performance. Kennametal's financial indicators show a negative revenue trend, below-average net margin, ROE, and ROA, but a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 8:00 pm

HOOD

Robinhood Markets' stock (HOOD) is trading higher after Keybanc maintained an Overweight rating and increased its price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:36 pm

EFX

BofA Securities analyst Heather Balsky upgraded Equifax Inc (NYSE:EFX) from Underperform to Buy and increased the price target from $164 to $300. The upgrade is based on the expectation of positive EPS revisions due to potential increases in mortgage originations and inquiries as interest rates ease. Equifax's stock has already risen 40% since the November 1 Fed meeting, and the analyst believes there is room for further growth. The new price target assumes an expansion of the earnings multiple from 21x to 27x, reflecting increased investor focus on the company's profitability potential for 2025. The Structured Finance team at BofA anticipates mortgage rates to drop from over 7% in 2023 to 6.0% by the end of 2024, which could lead to a 16-18% rise in originations. Equifax's USIS cloud transformation is also expected to contribute to wallet share gains over the next two years.

Portfolio Pulse from Shivani Kumaresan

January 08, 2024 | 7:10 pm

LLAP

Terran Orbital's stock is trading lower following a downgrade by B. Riley Securities from Buy to Neutral, with a reduced price target from $2.5 to $1.35.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:04 pm

ABSI

Absci (NASDAQ:ABSI) has received mixed analyst ratings over the past three months, with 4 analysts offering diverse views ranging from bullish to bearish. The average 12-month price target is $4.75, up from the previous $3.50, with a high estimate of $7.00 and a low of $3.00. Analysts from HC Wainwright & Co. and Keybanc have raised their price targets, reflecting a positive outlook on the company's performance. Despite a significant market capitalization, Absci faces revenue challenges with a -68.59% decline over 3 months. However, the company has a high net margin of -2956.18%, an ROE of -10.68%, and an ROA of -8.97%, with a low debt-to-equity ratio of 0.09.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:01 pm

IRTC

iRhythm Technologies (NASDAQ:IRTC) has been analyzed by 6 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target is $122.83, with a high of $136.00 and a low of $108.00, indicating a slight increase from the previous average of $122.40. Analysts from firms including Needham, Truist Securities, Citigroup, and Morgan Stanley have updated their ratings and price targets, reflecting their views on the company's performance and market conditions. iRhythm Technologies, a digital healthcare company, has seen a revenue growth of 19.96% as of September 30, 2023, but faces challenges with below-average net margin, ROE, and ROA, despite a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:01 pm

VTLE

Analysts have mixed views on Vital Energy (NYSE:VTLE), with recent ratings ranging from bullish to bearish. Over the last quarter, the total ratings included 4 bullish, 2 somewhat bullish, 1 indifferent, and 1 somewhat bearish. The average 12-month price target is now $62.75, down from $76.75, indicating an 18.24% decrease. Analysts from firms like Raymond James, Truist Securities, and others have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Vital Energy, an independent energy company operating in the Permian Basin, has seen a -6.16% decline in revenue growth and has financial metrics below industry averages, including a net margin of 1.12% and an ROE of 0.29%.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:00 pm

PCAR

PACCAR (NASDAQ:PCAR) received mixed analyst ratings in the latest quarter, with 1 bullish, 3 somewhat bullish, and 1 indifferent rating. The 12-month price targets have an average of $108.8, with a high of $125 and a low of $92, marking a 12.75% increase from the previous average target of $96.50. Analysts from Morgan Stanley, JP Morgan, Citigroup, and Deutsche Bank have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. PACCAR, known for its Kenworth, Peterbilt, and DAF trucks, has a strong market position with significant revenue growth, high net margin, and excellent ROE and ROA, along with a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:00 pm

BYDDF

BYDDY

LI

NIO

TSLA

XPEV

Goldman Sachs analyst Tina Hou initiated coverage on Nio Inc (NYSE:NIO) with a 12-month price target of $8.40, citing potential cost tailwinds and a light new model pipeline. Despite Nio's early mover advantage and premium brand, it faces declining market share and growth challenges against competitors like Tesla (TSLA), Li Auto (LI), XPeng (XPEV), and BYD (BYDDF, BYDDY). Nio's recent funding has eased immediate concerns, but positive FCF is not expected until post-2026. Risks include brand performance, battery price volatility, industry demand, competitive landscape, and liquidity issues. Nio's stock was slightly down at $8.05.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 6:54 pm

SKX

Traders are circulating a recommendation from Investor Business Daily's SwingTrader that suggests buying Skechers U.S.A. stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:50 pm