Streetbeat News

Price Targets

ALGM

Needham has maintained its Buy rating for Allegro Microsystems (NASDAQ:ALGM) but lowered its price target from $44.00 to $40.00. Despite this, ALGM's shares have risen by 1.03% in the last 24 hours to $29.44. A move to $40.00 would represent a 35.87% increase from the current price. Allegro Microsystems is a key player in the automotive and industrial markets, specializing in sensor ICs and analog power ICs.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:00 pm

TPR

Wells Fargo has maintained its Overweight rating on Tapestry (NYSE:TPR) and increased its price target from $50.00 to $60.00. Despite a 1.27% decline in share price over the last 24 hours to $39.51, the new target suggests a potential 51.86% upside. Tapestry, owning brands like Coach, Kate Spade, and Stuart Weitzman, recently agreed to acquire Capri, adding brands such as Michael Kors, Versace, and Jimmy Choo.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:00 pm

TECH

RBC Capital has maintained its Sector Perform rating for Bio-Techne (NASDAQ:TECH) but lowered its price target from $85.00 to $75.00. Bio-Techne's shares have fallen 4.06% in the last 24 hours to $65.76. A move to the new target price would represent a 14.05% increase. Bio-Techne, a life sciences manufacturer, operates primarily in protein sciences and diagnostics and genomics, with the U.S. being its largest market.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:00 pm

RYN

RBC Capital analyst Matthew McKellar maintains a Sector Perform rating on Rayonier (NYSE:RYN) and raises the price target from $34 to $35.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:55 pm

OTEX

RBC Capital analyst Paul Treiber has reiterated an Outperform rating on Open Text (NASDAQ:OTEX), maintaining a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:52 pm

META

RBC Capital analyst Brad Erickson has maintained an Outperform rating on Meta Platforms (NASDAQ:META) and increased the price target from $400 to $565.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:48 pm

MKL

RBC Capital analyst Scott Heleniak has reiterated a 'Sector Perform' rating on Markel Group (NYSE:MKL) and maintained a price target of $1475.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:43 pm

MTG

RBC Capital analyst Scott Heleniak has maintained a 'Sector Perform' rating on MGIC Investment (MTG) and increased the price target from $18 to $21.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:40 pm

SKYW

SkyWest's stock price increased following an upgrade by Raymond James, which raised its price target from $55 to $65.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:38 pm

IP

RBC Capital analyst Matthew McKellar reiterated an Outperform rating on International Paper (NYSE:IP) and maintained a $43 price target.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 4:35 pm