Streetbeat News

Analyst Ratings

CMS

BMO Capital analyst James Thalacker has maintained an 'Outperform' rating on CMS Energy (NYSE:CMS), but lowered the price target from $62 to $61.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 5:14 pm

CNP

BMO Capital analyst James Thalacker has maintained an Outperform rating on CenterPoint Energy (NYSE:CNP) but lowered the price target from $34 to $30.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 5:12 pm

C

Citigroup Inc reported better-than-expected earnings for its third quarter, with a 9% YoY net revenue increase to $20.14 billion, beating the consensus of $19.32 billion. EPS of $1.63 also beat the consensus of $1.21. Despite the strong earnings, Citigroup shares fell 0.3% to trade at $147.63 on Friday. BMO Capital and Oppenheimer increased their price targets on Citigroup following the earnings announcement.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 5:11 pm

AMZN

PTON

WMT

Amazon's Prime Big Deal Days event saw a significant increase in sales and daily active users (DAUs) compared to last year, despite consumer spending challenges. Analyst Nicholas Jones from JMP Securities reiterated Amazon with a Market Outperform and a $175 price target. The event also saw over 150 million items sold from third-party sellers, which could boost Amazon's 4Q margins. Peloton also saw an increase in purchases on Amazon during the event. However, Jones does not view the event as a significant incremental benefit to Amazon's revenue.

Portfolio Pulse from Anusuya Lahiri

October 16, 2023 | 5:09 pm

JPM

JPMorgan Chase & Co reported better-than-expected Q3 earnings with a net revenue of $40.7 billion, up 21% Y/Y, beating the consensus of $39.57 billion. EPS was $4.33, surpassing the consensus of $3.96. Despite the positive earnings, JPMorgan shares fell 0.3% to trade at $147.63. Post earnings, analysts from Morgan Stanley, Oppenheimer, and BMO Capital increased their price targets on JPMorgan.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 5:07 pm

WFC

BMO Capital analyst James Fotheringham maintains a 'Market Perform' rating on Wells Fargo (NYSE:WFC) and raises the price target from $52 to $54.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 5:05 pm

PGR

BMO Capital analyst Michael Zaremski maintains a Market Perform rating on Progressive (NYSE:PGR) and raises the price target from $145 to $155.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 5:01 pm

PR

In the last quarter, Permian Resources (NYSE:PR) received 9 bullish ratings from analysts, with no bearish ratings. The average 12-month price target for the company has increased by 8.15% to $16.58, according to 12 analysts. Benzinga, which tracks 150 analyst firms, reports these expectations.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

MDB

A significant amount of unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a mix of bullish and bearish stances. The trades suggest a targeted price range of $260 to $400 for MongoDB over the next three months. The current price of MDB is $353, up 0.66%. Tigress Financial, B of A Securities, and Scotiabank have all downgraded their actions on MongoDB, with price targets of $495, $450, and $335 respectively.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

OTEX

Open Text (NASDAQ:OTEX) has received 1 somewhat bullish and 3 indifferent analyst ratings in the last quarter. The average price target is $42.5, implying an upside from the current price of $34.73. This average has decreased by 2.3% from the previous average price target of $43.50.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm