Streetbeat News

Price Targets

TME

BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group (NYSE:TME) with a price target of $15, down from $18. Despite missing revenue estimates for Q2 2024, the company met EPS expectations. Zhang highlighted the company's focus on ARPU growth and premium services, which could drive profitability. The price target cut reflects a lowered average fiscal 2025 P/E of 20x amid a weak market.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 4:56 pm

ENVA

BTIG initiates coverage on Enova International (NYSE:ENVA) with a Buy rating and sets a price target of $90.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:55 pm

LLY

Berenberg analyst Kerry Holford maintains a Buy rating on Eli Lilly (NYSE:LLY) and raises the price target from $1000 to $1050.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:53 pm

IP

Argus Research has upgraded International Paper (NYSE:IP) from Hold to Buy, with a new price target of $52, as announced by analyst David Coleman.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:50 pm

EWCZ

Telsey Advisory Group has maintained its Outperform rating and $16 price target for European Wax Center (NASDAQ:EWCZ).

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:46 pm

TLN

BWS Financial analyst Hamed Khorsand maintains a Buy rating on Talen Energy (NASDAQ:TLN) with a $145 price target.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:44 pm

VRME

Barrington Research analyst Michael Petusky maintains an Outperform rating on VerifyMe (NASDAQ:VRME) but lowers the price target from $2 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:42 pm

FE

Keybanc analyst Sophie Karp maintains an Overweight rating on FirstEnergy (NYSE:FE) and raises the price target from $43 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:42 pm

FLNG

Jefferies analyst Omar Nokta has upgraded Flex LNG (NYSE:FLNG) from Underperform to Hold, while maintaining the price target at $24.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:39 pm

DUK

Keybanc analyst Sophie Karp maintains an Overweight rating on Duke Energy (NYSE:DUK) and raises the price target from $114 to $117.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:38 pm