Streetbeat News

Price Targets

OXY

Truist Securities has reaffirmed its Buy rating on Occidental Petroleum (NYSE:OXY) but reduced its price target from $80.00 to $78.00. Occidental Petroleum's shares are currently down 0.61% at $56.71. The new price target suggests a potential upside of 37.54%. Occidental is an independent oil and gas company with significant reserves and production, primarily in oil and natural gas liquids.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:00 pm

RNG

Jefferies has downgraded RingCentral (NYSE:RNG) from a previous rating to Hold, adjusting the price target from $40.00 to $35.00. RingCentral's shares are currently trading at $30.91, down 2.77% over the last 24 hours. The new price target suggests a potential upside of 13.23% from the current share price. RingCentral is a provider of unified communications as a service (UCaaS), offering solutions for voice, video, and messaging on a single platform.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:00 pm

TREX

Over the last quarter, Trex Co (NYSE:TREX) received 3 bullish and 2 indifferent ratings from analysts, with no bearish ratings. The average 12-month price target for Trex Co is $74.2, with a high of $85.00 and a low of $66.00. This target has slightly increased by 0.27% from the previous target of $74.00. Analyst ratings are opinions on stock performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:00 pm

BLUE

bluebird bio (NASDAQ:BLUE) has received mixed analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 1 indifferent rating. The average 12-month price target among 4 analysts is $9.75, with a high of $13.00 and a low of $7.00. This target has increased by 14.71% from the previous average of $8.50. Analysts rate stocks based on financial statements, meetings, and insider information, providing guidance through their ratings.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:00 pm

SQM

JP Morgan has maintained its Overweight rating for Sociedad Quimica Y Minera (NYSE:SQM) but lowered its price target from $75.00 to $64.00. SQM's shares are currently trading at $50.19, down 0.12% over the last 24 hours. The new price target suggests a potential upside of 27.52% from the current share price. SQM is a Chilean commodities producer involved in lithium, potassium fertilizers, iodine, and solar salts, and is expanding its lithium projects in Australia.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:00 pm

IMVT

Immunovant's stock price has risen following Deutsche Bank's initiation of coverage with a Buy rating and a $50 price target.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:59 pm

MRVI

Maravai LifeSciences Holdings' stock (MRVI) trades higher following an upgrade from Neutral to Buy by B of A Securities, despite a reduced price target from $10 to $8.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:56 pm

IRTC

Truist Securities analyst David Rescott has reaffirmed a Buy rating on iRhythm Technologies (NASDAQ:IRTC) and increased the price target from $100 to $115.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:54 pm

SITE

Truist Securities analyst Keith Hughes has reaffirmed a Buy rating on SiteOne Landscape Supply (NYSE:SITE) and increased the price target from $158 to $170.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:52 pm

ML

MoneyLion shares have risen following an endorsement from Craig-Hallum, which maintained a Buy rating and increased the price target for the stock from $30 to $55.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:50 pm