Streetbeat News

Analyst Ratings

BBWI

Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Bath & Body Works (NYSE:BBWI) and increased the price target from $35 to $40.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:10 pm

NKE

Raymond James analyst Rick Patel has maintained an Outperform rating on Nike (NYSE:NKE) but has reduced the price target from $130 to $124.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:04 pm

BPMC

Raymond James analyst Dane Leone has reaffirmed a Strong Buy rating on Blueprint Medicines (NASDAQ:BPMC) and increased the price target from $85 to $100, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:01 pm

ASO

Academy Sports (NASDAQ:ASO) received diverse analyst ratings over the past three months, with 1 bullish, 6 somewhat bullish, and 1 indifferent. The average 12-month price target is $64.5, down from $65.67. Analysts from Wells Fargo, Wedbush, Morgan Stanley, Telsey Advisory Group, and Truist Securities have provided updates, with some maintaining and others adjusting their price targets. Academy Sports has a strong market position, with a high net margin and ROE, but has seen a revenue decline of -6.44% as of October 31, 2023.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 1:00 pm

LITE

Lumentum Holdings (NASDAQ:LITE) has received mixed analyst ratings over the past three months, with no changes in the last 30 days. The average 12-month price target is now $49.81, down from $52.57, with a high estimate of $55.00 and a low of $45.00. Analysts from firms including Needham, Susquehanna, Raymond James, Rosenblatt, Morgan Stanley, and B of A Securities have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Lumentum Holdings, a provider of optical and photonic products, has seen a -37.33% decline in revenue growth and faces challenges with market capitalization, net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 1:00 pm

WBA

Walgreens Boots Alliance (NASDAQ:WBA) has been reviewed by 6 analysts with mixed opinions, ranging from bullish to bearish. The average 12-month price target is now $26.67, down 11.1% from the previous $30.00. Analysts from firms including HSBC, JP Morgan, RBC Capital, Truist Securities, and Mizuho have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Walgreens is a major retail pharmacy chain in the U.S., with significant market presence and recent positive revenue growth, but concerns arise from its high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 1:00 pm

CCL

CUK

Carnival Corporation reported Q4 financial results that exceeded expectations, with sales of $5.397 billion and an adjusted EPS loss of 7 cents, surpassing analyst consensus. The company anticipates a significant increase in first-quarter adjusted EBITDA and a smaller adjusted EPS loss than the previous year. Following the earnings report, Carnival's stock price rose by 6.2%. Analysts from Deutsche Bank, Barclays, Stifel, and Wells Fargo have raised their price targets for Carnival, maintaining various ratings from Hold to Buy.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 12:57 pm

LITE

Craig-Hallum analyst Richard Shannon has upgraded Lumentum Holdings (NASDAQ:LITE) from Hold to Buy, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 12:54 pm

ASO

Wells Fargo analyst Kate Fitzsimons has maintained an Overweight rating on Academy Sports (NASDAQ:ASO) and increased the price target from $65 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 12:50 pm

CCL

Wells Fargo analyst Daniel Politzer has maintained an Equal-Weight rating on Carnival Corporation (NYSE:CCL) and increased the price target from $16 to $22.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 12:46 pm