Streetbeat News

Analyst Ratings

VSTS

Stifel analyst Shlomo Rosenbaum has initiated coverage on Vestis (NYSE:VSTS) with a Buy rating and a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:57 am

SBSW

B of A Securities analyst Cameron Needham has downgraded Sibanye Stillwater (NYSE:SBSW) from Neutral to Underperform.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:48 am

EVLO

TD Cowen analyst Joseph Thome has downgraded Evelo Biosciences (NASDAQ:EVLO) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:45 am

SBSW

RBC Capital analyst Tyler Broda has downgraded Sibanye Stillwater (NYSE:SBSW) from Outperform to Sector Perform and lowered the price target from $9 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:39 am

LAC

Deutsche Bank analyst Corinne Blanchard has downgraded Lithium Americas (NYSE:LAC) from Buy to Hold and lowered the price target from $25 to $7.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:35 am

BNL

Wolfe Research analyst Andrew Rosivach has upgraded Broadstone Net Lease (BNL) from Peer Perform to Outperform and set a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:30 am

ACI

Telsey Advisory Group analyst Joseph Feldman has reiterated a 'Market Perform' rating on Albertsons Companies (NYSE:ACI) and maintained a price target of $27.25.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:25 am

NKTX

Raymond James analyst Dane Leone has upgraded Nkarta (NASDAQ:NKTX) from Outperform to Strong Buy and announced a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:22 am

KARS

LCID

Lucid Group's Q3 deliveries missed expectations, leading to a 5% drop in its stock. The company delivered 1,457 EVs in Q3, below the consensus of 2,118. Year-to-date, Lucid has produced 6,037 units. The company has guided to production of over 10,000 units for the year, leaving a target of 3,263 units for Q4. Analyst Gary Black predicts further reduction in Lucid's 2023 production and expects the stock to fall to around $3. Lucid shares are down about 27% year-to-date.

Portfolio Pulse from Shanthi Rexaline

October 18, 2023 | 7:45 am

SPY

Despite economic and geopolitical challenges, historical trends suggest a potential year-end rally for the S&P 500 Index, according to data from FundStrat. The data shows that the S&P 500 posted an average gain of 3.6% between Oct. 17 and year-end in years when the index gained more than 1.4% in the first five days and showed negative performance for the previous year. The SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the performance of the S&P 500 Index, ended Tuesday’s session down 0.22% at $435.04.

Portfolio Pulse from Shanthi Rexaline

October 18, 2023 | 7:06 am