Streetbeat News

Analyst Ratings

FN

JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Fabrinet (NYSE:FN) and raises the price target from $174 to $185.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 8:00 pm

LOW

RBC Capital Markets analyst Steven Shemesh initiated coverage on Lowe's Companies, Inc. (NYSE:LOW) with a Sector Perform rating and a price target of $194. Shemesh expects Lowe's sales mix to result in underperformance in the near term due to worsening consumer backdrop. The analyst has a bearish view on home improvement due to higher interest rates, inflation, and shifting consumer spending towards services. Consequently, he estimates comp sales and EPS of -3.5% and $13.29 in FY23 and -0.3% and $13.84 in FY24.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 7:58 pm

AMT

JP Morgan analyst Philip Cusick maintains an Overweight rating on American Tower (NYSE:AMT) and raises the price target from $218 to $236.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:57 pm

TASK

Citigroup analyst Ryan Potter has maintained a 'Buy' rating on TaskUs (NASDAQ:TASK) and raised the price target from $11 to $13.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:52 pm

TBLA

Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Taboola.Com Ltd. (NASDAQ:TBLA) with a price target of $6. The company is set to release its Q3 results on November 8. Zgutowicz is particularly interested in updates on Yahoo! advertiser migration, core platform yield visibility, commerce-driven revenue expectations, and the financial impact of the Middle East conflict. He also expects to gain insight into customer concentration and the financial impact of likely regional ad campaign pauses. The analyst expects revenues of $338.4 million, with EBITDA of $(16.4) million for the quarter.

Portfolio Pulse from Nabaparna Bhattacharya

November 07, 2023 | 7:49 pm

WBD

Benchmark analyst Matthew Harrigan reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) and lowered the price target from $26 to $24. Harrigan is confident of WBD’s current stock price level, which severely discounts the value of WBD’s global franchises, especially the studio and HBO. The analyst projects Q3 revenue of $9.96 billion versus the consensus of $10.04 billion.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 7:45 pm

CBT

UBS analyst Joshua Spector maintains a Buy rating on Cabot (NYSE:CBT) but lowers the price target from $86 to $83.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:41 pm

ES

UBS analyst Daniel Ford maintains a Neutral rating on Eversource Energy (NYSE:ES) and raises the price target from $58 to $62.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:35 pm

DKNG

UBS analyst Robin Farley maintains a Buy rating on DraftKings (NASDAQ:DKNG) and raises the price target from $39 to $44.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:34 pm

ALB

Albemarle Corporation (ALB) missed Q3 earnings and sales estimates, with Adjusted EBITDA down over 60% Y/Y. Analysts from BMO Capital Markets and Oppenheimer have lowered their price targets and future estimates for the company due to volatility in lithium prices and concerns over capital overspend. Despite this, ALB shares are trading higher by 2.93%.

Portfolio Pulse from Nabaparna Bhattacharya

November 07, 2023 | 7:31 pm