Streetbeat News

Price Targets

ITT

Four analysts have recently updated their ratings and price targets for ITT Inc (NYSE:ITT), showing a mix of bullish sentiment with an average 12-month price target of $153.00, up from the previous $139.00. The updates reflect positive expectations for ITT's stock, influenced by the company's performance and market dynamics. ITT, a diversified manufacturer in transportation, industrial, and energy markets, has shown a revenue growth rate of 7.04% as of December 31, 2023, but faces challenges with below-average net margin and ROE, despite a strong ROA and sound debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:01 pm

MMM

14 analysts have recently reviewed 3M (NYSE:MMM), showing a mix of opinions with a shift towards a more cautious outlook over the last quarter. The average 12-month price target for 3M has been adjusted to $100.29, down from $105.87, indicating a 5.27% decrease. Analyst actions include various adjustments to ratings and price targets, reflecting changing market dynamics and company performance. 3M's financial health indicators such as market capitalization, revenue growth, net margin, ROE, and ROA suggest a strong financial performance despite a slight revenue decline.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

GPI

Group 1 Automotive (NYSE:GPI) has been the subject of varied analyst opinions over the past three months, with recent evaluations showing a shift towards a more bullish outlook. The average 12-month price target for GPI has been raised to $301.25, indicating a 14.76% increase from the previous target. Analysts from JP Morgan, Guggenheim, Morgan Stanley, and Stephens & Co. have adjusted their ratings and price targets, reflecting their response to the company's performance and market conditions. Group 1 Automotive's financial performance has been strong, with a revenue growth rate of 10.1% and superior net margin and ROE compared to industry benchmarks. The company operates 199 automotive dealerships and 41 collision centers in the US and the UK, with significant operations in Texas and the UK.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

EQIX

Equinix (NASDAQ:EQIX) received mixed analyst ratings with a shift towards a more positive outlook, as evidenced by an increase in the average 12-month price target to $795.92 from $752.70. The company operates 260 data centers globally and has shown a revenue growth rate of 12.81% as of December 31, 2023. Despite its revenue growth, Equinix faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA. The company's financial structure is sound, with a debt-to-equity ratio of 1.4.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 3:00 pm

UNH

RBC Capital analyst Ben Hendrix maintains an Outperform rating on UnitedHealth Group (UNH) but lowers the price target from $596 to $555.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:59 pm

FCX

JP Morgan analyst Bill Peterson maintains a Neutral rating on Freeport-McMoRan (FCX) and raises the price target from $43 to $52.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:57 pm

TECK

JP Morgan analyst Bill Peterson has maintained an Overweight rating on Teck Resources (NYSE:TECK) and increased the price target from $44 to $50.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:56 pm

NUVB

RBC Capital analyst Kennen MacKay has maintained an Outperform rating on Nuvation Bio (NUVB) and increased the price target from $4 to $5.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:56 pm

GPI

JP Morgan analyst Rajat Gupta maintains an Overweight rating on Group 1 Automotive (NYSE:GPI) but lowers the price target from $325 to $315.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:54 pm

WTS

Stifel analyst Nathan Jones maintains a Hold rating on Watts Water Technologies (WTS) and raises the price target from $206 to $209.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:54 pm