Streetbeat News

Analyst Ratings

AMGN

JP Morgan analyst Chris Schott has reinstated a Neutral rating on Amgen (NASDAQ:AMGN) and announced a price target of $270.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:22 pm

FITB

Fifth Third Bancorp (NASDAQ:FITB) reported Q3 2023 sales of $2.16 billion, beating the consensus of $2.15 billion, and an adjusted EPS of 92 cents, beating the analyst consensus of 82 cents. The company also reported a 44% Y/Y increase in interest income to $2.54 billion, with a net interest income (NII) of $1.45 billion (down 4% Y/Y). Following the earnings announcement, Morgan Stanley raised the price target on Fifth Third Bancorp from $28 to $29, while RBC Capital cut the price target from $34 to $30.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 6:19 pm

PSFE

UBS analyst Timothy Chiodo has initiated coverage on Paysafe (NYSE:PSFE) with a Sell rating and a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:18 pm

MQ

UBS analyst Timothy Chiodo has assumed Marqeta (NASDAQ:MQ) with a Buy rating and announced a price target of $7.5.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:15 pm

FLYW

UBS analyst Timothy Chiodo has assumed Flywire (NASDAQ:FLYW) with a Buy rating and announced a price target of $36.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:14 pm

AMZN

GOOGL

Mizuho analyst James Lee reiterated a Buy rating on Amazon (AMZN) and Alphabet (GOOGL), with price targets of $180 and $150 respectively. Lee's ad tracking shows both platforms gaining market share, with Amazon's ad spending and e-commerce revenue growth exceeding expectations. For Google, ad tracking was solid and advertising revenue is expected to be in line or modestly above consensus. However, Lee noted that Google's consensus operating expenditure growth for 2H23 appears aggressive without meaningful cost cuts.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 6:12 pm

WU

UBS analyst Timothy Chiodo has assumed Western Union (NYSE:WU) with a Neutral rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:11 pm

DY

T

Raymond James analyst Frank G. Louthan upgraded Dycom Industries Inc (NYSE:DY) to Strong Buy from Outperform and maintained the price target of $120.00. The upgrade is due to a favorable outlook from one of its major customers, AT&T Inc (NYSE:T), which expects full-year adjusted EBITDA growth of better than 4% and full-year free cash flow of about $16.5 billion. Dycom is seen as a direct beneficiary of this trend due to its leading position as the engineering and construction services provider to major players like AT&T.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 6:11 pm

MAN

ManpowerGroup Inc. reported better-than-expected Q3 earnings but missed revenue estimates. The company also provided lower-than-expected Q4 EPS guidance. Following the earnings announcement, BMO Capital and Truist Securities lowered their price targets on ManpowerGroup.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 6:06 pm

JKHY

UBS analyst Nik Cremo has assumed Jack Henry & Associates (NASDAQ:JKHY) with a Neutral rating and set a price target of $165.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:04 pm