Streetbeat News

Analyst Ratings

BKNG

Tigress Financial analyst Ivan Feinseth has reaffirmed a Strong Buy rating on Booking Holdings (NASDAQ:BKNG) and increased the price target from $3855 to $4285.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 10:01 am

ALL

HSBC analyst Vikram Gandhi has initiated coverage on Allstate (NYSE:ALL) with a Hold rating and set a price target of $145 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:58 am

AIG

HSBC analyst Vikram Gandhi has initiated coverage on American International Group (AIG) with a Buy rating and set a price target of $86.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:51 am

TM

TSLA

Craig Irwin, a senior research analyst at Roth MKM and a bear on Tesla Inc (NASDAQ:TSLA), considers the stock 'egregiously overvalued' compared to Toyota Motor Corp (NYSE:TM). He cites competition in China and potential EV price cuts as challenges for Tesla. Elon Musk rebuts, stating Tesla is an AI/robotics company, not just an automaker. Despite the bearish view, Tesla's stock closed up 1.89% and gained 142% this year.

Portfolio Pulse from Anan Ashraf

December 28, 2023 | 9:46 am

NFLX

Keybanc analyst Justin Patterson has maintained an Overweight rating on Netflix (NASDAQ:NFLX) and increased the price target from $510 to $525.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:42 am

MTCH

Keybanc analyst Justin Patterson has maintained an Overweight rating on Match Group (NASDAQ:MTCH) but has reduced the price target from $56 to $48.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:34 am

BYDDF

BYDDY

TSLA

Canaccord Genuity's George Gianarikas suggests Tesla Inc. (NASDAQ:TSLA) could maintain its lead in the EV market based on profit share rather than unit sales, similar to Apple's strategy in the smartphone industry. Despite potential competition from BYD (OTC:BYDDF) (OTC:BYDDY) in terms of sales volume, Tesla's focus on high-margin products like Full Self-Driving software and vertical integration could ensure higher profits. Tesla is expected to deliver 1.82 million vehicles in 2023, a 37% increase from the previous year, and is planning a major Model Y overhaul in China for mid-2024.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 3:03 am

TLT

Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management, expressed a bullish outlook on the market, suggesting that the S&P 500 is close to a breakout. The index is just 1% below its all-time high after a 24% surge this year, buoyed by a resilient U.S. economy and easing inflation. Despite the optimism, Morgan Stanley strategists caution about a possible recession in 2024. The 'Santa Claus Rally' and recent highs in the Dow Jones and Nasdaq 100 support the positive sentiment. Vance Howard, CEO of Howard Capital Management, predicts long-term bonds may outperform the S&P 500 in 2024, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) seeing a 13% increase since early November.

Portfolio Pulse from Benzinga Neuro

December 28, 2023 | 1:58 am

BBWI

EL

RL

TGT

TPR

Dana Telsey of Telsey Advisory Group shared her top retail stock picks for 2024 on CNBC, highlighting Ralph Lauren (RL) and Bath and Body Works (BBWI) for their innovation and growth potential. She predicts RL could reach $165 and praised BBWI's loyalty program. Telsey was optimistic about Target (TGT) due to upcoming brand collaborations and merchandise enhancements. However, she expects Estee Lauder (EL) to face a challenging year with earnings pressure, despite new product innovations in late 2024. Telsey sees opportunities in the luxury goods sector, mentioning LVMH's strength and Tapestry's (TPR) growth potential after its business combination with Michael Kors.

Portfolio Pulse from Erica Kollmann

December 27, 2023 | 8:38 pm

FDX

MU

NKE

The article discusses several economic indicators and their implications for the market. It highlights the downward revision of 3Q GDP from 5.2% to 4.9%, FedEx's lowered guidance for fiscal year 2024, a significant decline in new orders reported by the Philly Fed, and a slight deflation in November's PCE data. Despite these indicators, the article suggests there is no immediate cause for panic. It also humorously proposes trading US Treasury Secretary Janet Yellen for a Manila store manager to combat inflation. The market reacted positively to the GDP revision, partly due to Micron Technology's positive results and expectations of a Federal Reserve rate cut.

Portfolio Pulse from Gary Brode

December 27, 2023 | 8:15 pm