Streetbeat News

Analyst Ratings

PBF

Piper Sandler has downgraded PBF Energy (NYSE:PBF) from its previous rating to Neutral, adjusting the price target from $65.00 to $50.00. Following the downgrade, PBF Energy's shares have fallen by 2.52% to $40.96. The new price target suggests a potential upside of 22.07% from the current share price. PBF Energy is an independent petroleum refiner with operations in refining and logistics, owning refineries across various states and operating logistics assets through PBFX.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 5:00 pm

TKR

Analysts have provided mixed ratings for Timken (NYSE:TKR) with an average 12-month price target of $82.67, down from $97.00. Recent actions include lowered price targets by analysts from Morgan Stanley, Jefferies, Stifel, Keybanc, Citigroup, and B of A Securities. Timken's financials show a revenue growth rate of 0.55% as of September 30, 2023, but lag in net margin, ROE, ROA, and face high debt-to-equity ratio challenges.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 5:00 pm

GOSS

HC Wainwright & Co. has reaffirmed its Buy rating on Gossamer Bio (NASDAQ:GOSS) and increased its price target from $5.00 to $10.00. Gossamer Bio's shares have risen 7.06% in the last 24 hours to $0.91. The new price target suggests a potential upside of 998.9%. Gossamer Bio is a clinical-stage biopharmaceutical company with products in development for various diseases, including PAH, inflammatory bowel disease, oncology indications, and eosinophilic asthma.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 5:00 pm

RXST

RXSight shares surged following the company's preliminary revenue guidance for Q4, FY23, and FY24, which exceeded expectations. Additionally, Needham reaffirmed a Buy rating on RXSight and increased the price target from $35 to $41.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:58 pm

DE

Morgan Stanley analyst Angel Castillo has initiated coverage on Deere & Company (NYSE:DE) with an Overweight rating and set a price target of $430.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:58 pm

CRLBF

MRMD

PLNH

TCNNF

VRNOF

Viridian Capital Advisors highlighted five attractively priced cannabis stocks with solid credit rankings and potential for growth. The MSOS ETF saw a significant rise, attributed to DEA's consideration of rescheduling cannabis. Viridian is cautious about the timing of regulatory changes before the election. The selected stocks are Marimed (MRMD), Trulieve (TCNNF), Cresco (CRLBF), Verano (VRNOF), and Planet 13 (PLNH), chosen for their low EV/EBITDA multiples and resilience. Grown Rogue (GRIN), Glass House Brands (GLASF), and Curaleaf (CURLF) were considered overvalued, while Green Thumb (GTBIF) and TerrAscend (TSNDF) were excluded from the top picks.

Portfolio Pulse from Viridian Capital Advisors

January 08, 2024 | 4:57 pm

DCI

Morgan Stanley analyst Angel Castillo has initiated coverage on Donaldson (NYSE:DCI) with an Underweight rating and set a price target of $59.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:56 pm

KMT

Morgan Stanley analyst Angel Castillo has initiated coverage on Kennametal (NYSE:KMT) with an Equal-Weight rating and set a price target of $24 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:54 pm

LECO

Morgan Stanley analyst Angel Castillo has initiated coverage on Lincoln Electric Holdings (NASDAQ:LECO) with an Underweight rating and set a price target of $178.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:52 pm

DELL

Dell Technologies Inc (NYSE:DELL) shares rose in premarket trading on Jan. 8 due to a positive outlook from JPMorgan. Analyst Samik Chatterjee upgraded Dell from Neutral to Overweight and increased the price target from $77 to $90, citing the potential benefits from the AI-driven compute investment cycle. Chatterjee expects Dell to benefit from higher-end server sales, leading to increased average selling prices and operating margins. The upgrade reflects higher revenue and earnings forecasts for Dell in FY26, with the potential for double-digit earnings growth as the company moves past current macro pressures.

Portfolio Pulse from Priya Nigam

January 08, 2024 | 4:52 pm