Streetbeat News

Price Targets

NKE

Deutsche Bank analyst Gabriella Carbone has maintained a Buy rating on Nike (NYSE:NKE) but has reduced the price target from $132 to $128.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 10:20 am

CCL

Deutsche Bank analyst Chris Woronka has maintained a Hold rating on Carnival Corporation (NYSE:CCL) and increased the price target from $14 to $18. This adjustment reflects a more positive outlook on the company's stock value.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 10:07 am

NFLX

DZ Bank analyst Markus Leistner has downgraded Netflix (NASDAQ:NFLX) from Buy to Hold and set a price target of $495.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:59 am

AMP

Morgan Stanley analyst Michael Cyprys has initiated coverage on Ameriprise Financial (AMP) with an Equal-Weight rating and increased the price target to $383.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:55 am

AMEH

Truist Securities analyst Jailendra Singh has initiated coverage on Apollo Medical Holdings (AMEH) with a Hold rating and set a price target of $41.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:44 am

PAYX

TD Cowen analyst Bryan Bergin has downgraded Paychex (NASDAQ:PAYX) from Outperform to Market Perform and reduced the price target from $132 to $123.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:25 am

F

GM

TSLA

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Tesla (TSLA) and raised the price target from $310 to $350, based on expectations of electric vehicle share gains and margin stabilization in 2024. Ives predicts Tesla will regain its $1 trillion market cap in 2024. He commends Tesla's strategy, especially in China, and anticipates a record fourth-quarter volume there. Ives also sees potential in Tesla's full-self-driving package and Supercharger network, comparing Tesla's current position to Apple's in 2008/2009. Meanwhile, he notes a potential tempering in the EV transformation of General Motors (GM) and Ford (F), with rumors of Ford slashing its F-150 Lightning production from 2024.

Portfolio Pulse from Shanthi Rexaline

December 22, 2023 | 5:14 am

AA

ABAT

NUE

Alcoa Corporation appoints Matt Reed as new EVP and COO, effective Jan. 1, 2024, to lead global operations. Bank of America analyst Lawson Winder raises Alcoa's price target to $36 with a neutral rating. American Battery Technology Company announces a positive initial assessment for its Tonopah Flats Lithium Project, estimating a resource of 18.03 million tons of lithium hydroxide monohydrate and a net present value of $4.41 billion. Nucor Corp's COO, David Sumoski, exercises stock options for 28,768 shares, totaling $3,727,182.

Portfolio Pulse from Austin DeNoce

December 21, 2023 | 10:33 pm

BROS

CAKE

CAVA

CMG

DPZ

WEN

Wedbush analyst Nick Setyan has provided an analysis of small cap restaurant stocks, highlighting several as attractive investment opportunities for 2024 due to a favorable interest rate environment. Setyan upgraded Cheesecake Factory (CAKE) and Cava Group (CAVA) to Outperform, raising their price targets. Dutch Bros (BROS) and Domino's Pizza (DPZ) also retain Outperform ratings with increased price targets. Conversely, Chipotle Mexican Grill (CMG) and Wendy's (WEN) were downgraded to Neutral, with a price target increase for CMG and a decrease for WEN.

Portfolio Pulse from Chris Katje

December 21, 2023 | 10:31 pm

ALHC

Shares of Alignment Healthcare are trading higher following UBS's decision to maintain a Neutral rating on the stock while increasing the price target from $6.5 to $9.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:50 pm