Streetbeat News

Price Targets

PAYX

Stifel analyst David Grossman has maintained a Hold rating on Paychex (NASDAQ:PAYX) and increased the price target from $124 to $130, as reported on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 7:03 pm

NKE

Stifel analyst Jim Duffy has maintained a Buy rating on Nike (NYSE:NKE) but reduced the price target from $135 to $129, according to a report released on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 7:01 pm

MNR

Stifel analyst Derrick Whitfield has maintained a Buy rating on Mach Natural Resources (NYSE:MNR) but has lowered the price target from $31 to $30 as reported on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 7:00 pm

CCL

Stifel analyst Steven Wieczynski has maintained a Buy rating on Carnival Corporation (NYSE:CCL) and increased the price target from $22 to $25 as reported on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:58 pm

AIR

Stifel analyst Bert Subin has maintained a Buy rating on AAR Corp (NYSE:AIR) and increased the price target from $80 to $81. The report was released on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:57 pm

CTAS

Stifel analyst Shlomo Rosenbaum has maintained a Hold rating on Cintas (NASDAQ:CTAS) and increased the price target from $526 to $585.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:55 pm

SNDX

HC Wainwright & Co. analyst Edward White has maintained a Buy rating on Syndax Pharmaceuticals (NASDAQ:SNDX) but has lowered the price target from $42 to $41.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:42 pm

AMKBY

BP

USO

Disruptions in the Red Sea due to attacks by Yemeni Houthi rebels are causing freight rate spikes and potential inflationary pressures. The Red Sea/Suez Canal corridor, accounting for 12% of global trade, is being avoided by freight companies, leading to longer shipping routes and higher costs. Maersk (OTCPK: AMKBY) has imposed a surcharge, and oil prices have risen, with BP (NYSE:BP) suspending oil shipments through the region. The United States Oil Fund (NYSE:USO) ETF tracking light-sweet crude oil prices has seen an increase. Delays and higher freight rates may affect product availability and prices, with Europe likely to feel the impact more than the U.S.

Portfolio Pulse from Neil Dennis

December 22, 2023 | 6:41 pm

PLUG

Plug Power (NASDAQ:PLUG) has been analyzed by 22 analysts, showing diverse opinions with 5 bullish, 3 somewhat bullish, 12 indifferent, 2 somewhat bearish, and 0 bearish ratings. The average 12-month price target is now $7.96, down from $14.29, with a high estimate of $27.00 and a low of $2.30. Multiple analysts have lowered their price targets and ratings, reflecting changing market dynamics and company performance. Plug Power focuses on building a green hydrogen ecosystem and has shown a revenue growth rate of 5.35% as of September 30, 2023, but faces challenges with a net margin of -142.66% and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:00 pm

CMCSA

Over the past quarter, 6 analysts have provided diverse opinions on Comcast (NASDAQ:CMCSA), ranging from bullish to indifferent. The average 12-month price target for Comcast is $47.5, with a high estimate of $53.00 and a low estimate of $44.00, indicating a slight upward trend from the previous average of $46.33. Analysts have made various adjustments to their ratings and price targets, reflecting their response to Comcast's recent developments. Comcast's financial performance shows positive revenue growth, a high net margin, and strong ROE and ROA, with a prudent debt management strategy. The company's market capitalization suggests a robust market position.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:00 pm