Streetbeat News

Analyst Ratings

BK

Analysts have provided mixed ratings for Bank of New York Mellon (NYSE:BK) over the past three months, with a recent increase in average price targets. The bank's financial performance shows growth in revenue but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

BNTX

HSBC analyst Yifeng Liu has maintained a Buy rating on BioNTech (NASDAQ:BNTX) and raised the price target from $97 to $136.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:58 pm

BK

JP Morgan analyst Vivek Juneja has maintained an Overweight rating on Bank of New York Mellon (NYSE:BK) and raised the price target from $69 to $77.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:57 pm

LMT

RBC Capital analyst Ken Herbert maintains an Outperform rating on Lockheed Martin and raises the price target from $600 to $675.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:56 pm

STZ

Constellation Brands (NYSE:STZ) reported strong Q2 earnings but was downgraded by BofA Securities due to subdued beer volume growth projections. The downgrade reflects slower growth expectations and a lack of clear catalysts for acceleration in beer sales.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 5:56 pm

RDDT

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Reddit (NYSE:RDDT) but raises the price target from $59 to $77.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:55 pm

NMIH

JP Morgan analyst Richard Shane maintains an Overweight rating on NMI Holdings and raises the price target from $42 to $46.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:54 pm

CIEN

IYZ

XTL

Ciena Corporation (NYSE:CIEN) was downgraded by JP Morgan due to concerns over telco spending and margin pressures. The analyst highlighted limited EPS upside and a muted capex growth outlook for U.S. telcos. Ciena's telecom revenues are below pre-pandemic levels, and the company has authorized a share repurchase program starting in 2025. CIEN shares fell 3.93% following the downgrade.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:52 pm

ESNT

JP Morgan analyst Richard Shane maintains a Neutral rating on Essent Group (NYSE:ESNT) but raises the price target from $63 to $68.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:51 pm

ACT

JP Morgan analyst Richard Shane maintains a Neutral rating on Enact Holdings (NASDAQ:ACT) but raises the price target from $36 to $38.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:49 pm