Streetbeat News

Analyst Ratings

ACLX

Needham has reaffirmed its Buy rating on Arcellx (NASDAQ:ACLX) and increased its price target from $65.00 to $71.00, implying a potential upside of 29.78% from the current share price of $54.71. Arcellx is a clinical-stage biotech company focused on developing cell therapies for cancer and other diseases.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

PKG

Packaging Corp of America (NYSE:PKG) received diverse analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target for PKG has increased to $161.6, up 6.74% from the previous target. Analysts from Truist Securities, Wells Fargo, Citigroup, and Jefferies have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. PKG's financials show a negative revenue trend with a -8.93% decline, but strong profitability with a high net margin of 9.39% and above-average ROE and ROA. The company's debt-to-equity ratio is conservative at 0.71.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

GES

Jefferies has downgraded Guess (NYSE:GES) from a previous rating to Hold, adjusting the price target from $25.00 to $24.00. Guess shares have fallen 4.35% in the last 24 hours to $22.23. The new price target suggests a potential upside of 7.96% from the current price. Guess operates in various segments, with Europe being the most revenue-generating. Analyst ratings, such as this one from Jefferies, are periodic evaluations of stocks that can influence investor decisions.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

FWRG

Stifel has downgraded First Watch Restaurant Group (NASDAQ:FWRG) from a previous rating to Hold, adjusting the price target from $22.00 to $20.00. Following the downgrade, FWRG shares have fallen 3.44% to $18.55. The new price target suggests a potential upside of 7.82% from the current share price. First Watch Restaurant Group operates daytime restaurants and earns revenue from restaurant sales and franchise fees.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

CTSH

Cognizant Tech Solns (NASDAQ:CTSH) has received mixed ratings from 9 analysts in the last three months, with an average 12-month price target of $72.89, reflecting a slight increase from the previous target of $72.50. Analysts have made various adjustments to their ratings and price targets, with some raising and others lowering their expectations. Cognizant is a global IT services provider with strong market capitalization, revenue growth, net margin, and ROA, but a lagging ROE and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

SLGN

Truist Securities has reaffirmed its Buy rating on Silgan Holdings (NYSE:SLGN) and increased its price target from $52.00 to $56.00. Silgan's stock has risen 0.7% in the last 24 hours to $44.36. The new price target suggests a potential upside of 26.24%. Silgan Holdings is a major manufacturer of metal food containers in North America, serving clients like Campbell Soup, Nestle, and Del Monte, and also operates in plastic dispensers and closures businesses.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

IGT

Five analysts have recently updated their ratings on International Game Technology PLC (NYSE:IGT), with an average 12-month price target of $39.4, down from $43.20. All five analysts have lowered their price targets, with ratings ranging from 'Hold' to 'Positive'. IGT's financials show a revenue growth of 0.47% for the quarter ending September 30, 2023, a net margin of 8.83%, an ROE of 6.45%, an ROA of 0.9%, and a debt-to-equity ratio of 4.07. The company's main revenue comes from its Global Lottery segment, primarily in the United States.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

WEC

Keybanc has maintained its Overweight rating for WEC Energy Group (NYSE:WEC) and increased its price target from $94.00 to $95.00. WEC Energy Group's shares are currently trading down at $85.60, which is 1.17% lower than the previous day. The new price target suggests a potential upside of 10.98% from the current share price. WEC Energy Group operates in the electric and gas utility sector, with a diverse asset mix across several states and a stake in American Transmission Co.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

AAPL

Apple Inc (NASDAQ:AAPL) stock has rallied nearly 50% in 2023, but this surge seems disconnected from the company's actual performance, with stagnant growth and operational efficiency peaking. Analysts from Barclays and Piper Sandler have downgraded the stock, citing concerns over hardware business, inventory levels, and a weakening macro environment in China. Despite the stock's high valuation, investors are advised to be cautious of the disconnect and consider locking in gains to avoid potential future losses.

Portfolio Pulse from Surbhi Jain

January 04, 2024 | 4:59 pm

YUMC

JP Morgan analyst Kevin Yin downgraded Yum China Holdings (YUMC) from Overweight to Neutral and reduced the price target from $65 to $38, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:58 pm