Streetbeat News

Analyst Ratings

SEDG

SolarEdge Technologies' stock has been downgraded by Wells Fargo from Overweight to Equal-Weight, with its price target also being reduced from $190 to $82. This has resulted in the company's shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:04 pm

KBE

KRE

XLF

Bank of America analysts see a buying opportunity in U.S. bank stocks, which are trading at their lowest level compared to the S&P 500 index in over 80 years. The peak in interest rates could resolve many issues for the sector, potentially leading to a bear market bounce. The SPDR S&P Regional Banking ETF (KRE) was down 26% year-to-date but rose 10% since November. The SPDR S&P Bank ETF (KBE) was down 16%, while the Financial Select Sector SPDR Fund (XLF) was down only 2%. Bank of America suggests investors add exposure to banks if peak interest rates are in the past and there is no U.S. recession in 2024.

Portfolio Pulse from Piero Cingari

November 06, 2023 | 5:03 pm

APLS

Apellis Pharmaceuticals' shares are trading lower following a report issued by Citron Research. The report's content and its impact on the company's stock price are not specified.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:01 pm

QSR

RBC Capital analyst Christopher Carril maintains an Outperform rating on Restaurant Brands Intl (NYSE:QSR) and raises the price target from $86 to $87.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:01 pm

SPWR

In the last quarter, 18 analysts have provided ratings for SunPower (NASDAQ:SPWR), with 4 somewhat bullish, 6 indifferent, 7 somewhat bearish, and 1 bearish. The company has an average 12-month price target of $5.69, a decrease of 40.29% from the previous average price target of $9.53.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:00 pm

PACB

Pacific Biosciences (NASDAQ:PACB) has received mixed analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 6 indifferent. The average price target is $11.22, representing an upside from the current price of $7.2. This average is a 15.83% decrease from the previous average price target of $13.33.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:00 pm

ECPG

JMP Securities has maintained its Market Outperform rating for Encore Capital Gr (NASDAQ:ECPG) but lowered its price target from $61.00 to $56.00. Encore Capital's shares are currently trading down 1.05% at $42.30 per share. A move to $56.00 would represent a 32.39% increase from the current share price.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:00 pm

MGA

In the last quarter, Magna International (NYSE:MGA) received one somewhat bullish rating and seven indifferent ratings from analysts. The average 12-month price target for the company is $61.62, representing a 2.45% decrease from the previous average price target of $63.17.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:00 pm

PK

Barclays has upgraded its rating of Park Hotels & Resorts (NYSE:PK) to Overweight with a price target of $19.00, up from $16.00. The new price target represents a 35.52% increase from the current share price. Park Hotels & Resorts owns upper-upscale and luxury hotels across the United States.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:00 pm

FNKO

Goldman Sachs has maintained its Sell rating for Funko (NASDAQ:FNKO) and increased its price target from $5.00 to $6.50. The new price target represents a 25.46% decline from the current share price of $8.72. Funko is a US-based pop culture consumer products company.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:00 pm