Streetbeat News

Price Targets

AZUL

Raymond James analyst Savanthi Syth has reiterated an Outperform rating on Azul (NYSE:AZUL) but lowered the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:13 pm

TEAM

Atlassian's stock (TEAM) trades lower as Mizuho maintains a Buy rating but reduces its price target from $265 to $240.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:12 pm

GE

GEV

GE Vernova Inc. (NYSE:GEV) shares are trading lower despite Mizuho analyst Maheep Mandloi initiating coverage with a Buy rating and a price target of $154. Mandloi highlights GE Vernova's strengths in the gas power business, wind business margin expansion, and growth in electrification and grid services. The analyst projects significant EBITDA growth in the Power and Wind businesses by 2026 and anticipates increased demand from AI/data center needs, leading to a 10% Adjusted EBITDA margin by 2026.

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 5:07 pm

WFC

Morgan Stanley analyst Betsy Graseck maintains an Overweight rating on Wells Fargo (NYSE:WFC) and raises the price target from $63 to $64.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:03 pm

HGV

Analyst reviews for Hilton Grand Vacations (NYSE:HGV) show a mix of bullish and bearish sentiments with 6 analysts offering evaluations over the past three months. The average 12-month price target is $59.33, up from $56.50, with a high estimate of $70.00 and a low of $54.00. Analyst actions include ratings from 'Overweight' to 'Market Outperform' with adjustments to price targets, reflecting dynamic market conditions and company performance. Hilton Grand Vacations, a timeshare company, has shown remarkable revenue growth of 2.72% as of December 31, 2023, but faces challenges in ROE and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:01 pm

MRO

In the last three months, 16 analysts have provided diverse evaluations of Marathon Oil (NYSE:MRO), ranging from bullish to bearish. The recent ratings show a shift towards a more cautious stance, with an increase in 'Indifferent' ratings in the last 30 days. Analysts have updated their 12-month price targets for MRO, setting an average target of $32.75, which is a 5.0% increase from the previous average of $31.19. The adjustments in ratings and price targets reflect analysts' reactions to market conditions and Marathon Oil's performance. Despite facing challenges such as a decline in revenue growth and below-average net margin and ROE, Marathon Oil maintains a prudent financial strategy with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:01 pm

SIGI

Selective Insurance Gr (NASDAQ:SIGI) received mixed analyst ratings with an average 12-month price target of $109.5, down from $113.00. The company shows positive revenue growth but below-average profitability and efficiency metrics. It operates mainly in the New York metropolitan area, focusing on small business insurance.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:00 pm