Streetbeat News

Price Targets

AMZN

Oppenheimer analyst Jason Helfstein has maintained an Outperform rating on Amazon.com (NASDAQ:AMZN) and increased the price target from $170 to $200.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:53 pm

ULTA

Baird analyst Mark Altschwager has maintained an Outperform rating on Ulta Beauty (NASDAQ: ULTA) and increased the price target from $550 to $560.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:50 pm

KR

Following Kroger Company's (NYSE:KR) Q3 results, several analysts have lowered their price targets due to a slight sales decline and market challenges. The company reported a 0.7% sales dip to $33.96 billion but slightly beat the consensus estimate of $33.92 billion. Kroger raised the lower end of its full-year adjusted EPS guidance. Stephens analyst Ben Bienvenu cut the price target to $50 from $52, and BMO Capital Markets analyst Kelly Bania maintained a target price of $45. Morgan Stanley also reduced its price target to $46 from $48. Despite the adjustments, KR shares are trading slightly higher.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 6:49 pm

MRVL

UBS analyst Timothy Arcuri has maintained a Buy rating on Marvell Technology (NASDAQ:MRVL) but has reduced the price target from $75 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:45 pm

CBRL

UBS analyst Dennis Geiger has maintained a Neutral rating on Cracker Barrel Old (NASDAQ:CBRL) and reduced the price target from $75 to $70.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:42 pm

ULTA

UBS analyst Michael Lasser has maintained a Buy rating on Ulta Beauty (NASDAQ: ULTA) and increased the price target from $560 to $575, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:41 pm

AIR

BA

HEI

HXL

SPR

TDG

Stifel analyst Bert W. Subin initiated coverage on six commercial aerospace companies, favoring Boeing Co (BA) and Hexcel Corp (HXL) with Buy ratings and strong price targets. Subin sees the aerospace industry shifting to mid-cycle, benefiting OEMs and suppliers like BA and HXL due to rising aircraft production. Boeing is expected to experience significant Free Cash Flow growth, while Hexcel is well-positioned due to its diverse exposure. Transdigm Group Inc (TDG) and Spirit Aerosystems Holdings, Inc (SPR) received Hold ratings, with TDG's growth moderated by higher interest rates and SPR improving its capital structure. Heico Corp (HEI) is expected to see margin and earnings growth, and AAR Corp (AIR) is anticipated to benefit from strong aftermarket services demand.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 6:34 pm

KFY

UBS analyst Joshua Chan has maintained a Neutral rating on Korn Ferry (NYSE:KFY) and increased the price target from $53 to $54.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:31 pm

IMVT

UBS analyst Colin Bristow has reaffirmed a Buy rating on Immunovant (NASDAQ:IMVT) and increased the price target from $55 to $56, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:30 pm

APP

UBS analyst John Hodulik has maintained a Neutral rating on AppLovin (NASDAQ:APP) and increased the price target from $40 to $46.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 6:29 pm