Streetbeat News

Price Targets

DRVN

Morgan Stanley analyst Simeon Gutman has downgraded Driven Brands Holdings (DRVN) from Overweight to Equal-Weight and reduced the price target from $22 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:48 am

H

Redburn Atlantic analyst Alex Brignall has downgraded Hyatt Hotels (NYSE:H) from Buy to Neutral while increasing the price target from $120 to $130.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:44 am

AMD

ARM

MU

NVDA

QCOM

SOXX

KeyBanc Capital Markets analyst John Vinh maintained Outperform ratings on Nvidia (NVDA), AMD (AMD), Arm Holdings (ARM), Micron (MU), and Qualcomm (QCOM), with price target increases suggesting over 30% upside for NVDA and AMD. The semiconductor sector shows mixed trends with weak demand in several areas but sustained Android smartphone demand and strong AI-related demand. Vinh sees positive implications for AMD's data center GPU revenue and market share in servers, while Nvidia's AI capacity remains strong despite a forecast reduction.

Portfolio Pulse from Shanthi Rexaline

January 16, 2024 | 11:43 am

BA

Wells Fargo analyst Matthew Akers has downgraded Boeing (NYSE:BA) from Overweight to Equal-Weight and reduced the price target from $280 to $225. This reflects a more cautious stance on Boeing's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:38 am

BLK

TD Cowen analyst Bill Katz has upgraded BlackRock (NYSE:BLK) from Market Perform to Outperform and set a price target of $938. This upgrade reflects a positive outlook on BlackRock's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:32 am

CMS

Wolfe Research analyst Steve Fleishman has upgraded CMS Energy (NYSE:CMS) from Peer Perform to Outperform and set a price target of $62.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:28 am

SAM

Bernstein analyst Nadine Sarwat upgraded Boston Beer Co (NYSE:SAM) from Underperform to Market Perform and increased the price target from $280 to $335.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:26 am

DOCU

Morgan Stanley analyst Josh Baer has upgraded DocuSign (NASDAQ:DOCU) from Underweight to Equal-Weight and increased the price target from $49 to $64.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:25 am

TGI

Baird analyst Peter Arment has upgraded Triumph Group (NYSE:TGI) from Neutral to Outperform and increased the price target from $13 to $20, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:22 am

PSN

Baird analyst Andrew Wittmann has upgraded Parsons Corp (NYSE:PSN) from Neutral to Outperform and increased the price target from $68 to $75.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 11:21 am