Streetbeat News

Price Targets

RKT

Citigroup analyst Ashwin Shirvaikar has downgraded Rocket Companies (NYSE:RKT) from Neutral to Sell, while also raising the price target from $9 to $10.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:50 pm

PEP

Barclays analyst Lauren Lieberman has maintained an Overweight rating on PepsiCo (NASDAQ:PEP) but has reduced the price target from $181 to $179.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:49 pm

AVB

Truist Securities analyst Michael Lewis has downgraded AvalonBay Communities (NYSE:AVB) from Buy to Hold while slightly increasing the price target from $202 to $203.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:48 pm

ODD

Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on ODDITY Tech (NASDAQ:ODD) and increased the price target from $34 to $42.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:48 pm

NOMD

Barclays analyst Lauren Lieberman has maintained an Overweight rating on Nomad Foods (NYSE:NOMD) and increased the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:47 pm

NWL

Barclays analyst Lauren Lieberman has maintained an Underweight rating on Newell Brands (NASDAQ:NWL) but increased the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:46 pm

MDLZ

Barclays analyst Lauren Lieberman has maintained an Overweight rating on Mondelez International (NASDAQ:MDLZ) and increased the price target from $79 to $80.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:44 pm

OHI

B of A Securities analyst Joshua Dennerlein downgraded Omega Healthcare Investors (OHI) from Buy to Neutral and reduced the price target from $33 to $31.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:43 pm

NXT

Goldman Sachs analyst Brian Lee initiated coverage on NEXTracker Inc (NASDAQ:NXT) with a Buy rating and a price target of $62. Lee anticipates that NXT will benefit from the IRA's 45X tax credits and international market penetration. He estimates an annual tax credit benefit of $80 million-$185 million, which could increase EPS by $0.55 to $1.25, representing a 20%-50% upside to FY25 estimates. Lee forecasts EPS growth to $2.15 in FY24, $2.62 in FY25, and $3.11 in FY26, with an expected earnings growth CAGR of ~20% through F2026. NXT's capex-light model is also expected to generate significant free cash flow. NXT shares rose 1.19% to $42.62.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 5:42 pm

FMC

B of A Securities analyst Steve Byrne has downgraded FMC Corporation (NYSE:FMC) from Neutral to Underperform, also reducing the price target from $60 to $57. This reflects a more bearish outlook on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:42 pm