Streetbeat News

Analyst Ratings

BBY

Goldman Sachs analyst Kate McShane has upgraded Best Buy Co., Inc (NYSE:BBY) to Buy from Neutral, raising the price target to $85 from $79. McShane sees potential for a positive demand inflection to drive upside for Best Buy, primarily through multiple expansions. The analyst believes the company’s current valuation is not considering this potential inflection and is most likely factoring in broader concerns regarding consumer health and potential near-term demand headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 4:17 pm

OMC

Citigroup analyst Jason Bazinet has maintained a 'Buy' rating on Omnicom Group (NYSE:OMC) but lowered the price target from $113 to $112.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:16 pm

TTD

Trade Desk Inc.'s (NASDAQ:TTD) stock has increased by 1.44% over the past month and by 34.92% over the past year. The company's P/E ratio of 295.27 is higher than the Media industry's aggregate P/E ratio of 107.03, indicating that the stock might be overvalued. However, a high P/E ratio could also suggest that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:15 pm

TSLA

Citigroup analyst Itay Michaeli has maintained a Neutral rating on Tesla (NASDAQ:TSLA) and lowered the price target from $271 to $255.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:14 pm

WGO

BMO Capital analyst Tristan Thomas-Martin has maintained an 'Outperform' rating on Winnebago Industries (NYSE:WGO) but lowered the price target from $85 to $80.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:13 pm

F

GM

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q3 financial results that missed analysts' estimates for revenue and earnings per share. Analysts from Evercore, Roth MKM, Morgan Stanley, Guggenheim, Oppenheimer, Needham, Wedbush, GLJ Research, and Bank of America provided their ratings and price targets for Tesla. The analysts expressed concerns about Tesla's gross margins, pricing, competition, and the impact of macroeconomic factors. Tesla's shares are down 8.62% to $221.77.

Portfolio Pulse from Chris Katje

October 19, 2023 | 4:12 pm

WEN

Citigroup analyst Jon Tower has maintained a Neutral rating on Wendy's (NASDAQ:WEN) and lowered the price target from $23 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:11 pm

MS

BMO Capital analyst James Fotheringham has maintained an 'Outperform' rating on Morgan Stanley (NYSE:MS) but lowered the price target from $102 to $101.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:09 pm

CRH

Citigroup analyst Anthony Pettinari maintains a 'Buy' rating on CRH (NYSE:CRH) and raises the price target from $75.61 to $76.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:07 pm

ALLY

BMO Capital analyst James Fotheringham has maintained an 'Outperform' rating on Ally Financial (NYSE:ALLY) but lowered the price target from $46 to $40.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:02 pm