Streetbeat News

Price Targets

GM

RBC Capital analyst Tom Narayan has maintained an Outperform rating on General Motors (NYSE:GM) and increased the price target from $48 to $54.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:49 pm

CC

RBC Capital analyst Arun Viswanathan upgraded Chemours Co (NYSE:CC) from Sector Perform to Outperform and raised the price target from $28 to $40, a 40.6% increase. The upgrade is based on expected TiO2 margin recovery, strong TSS performance, and PFAS liabilities settlement. The TSS segment is expected to grow with OPTEON adoption, and APM's focus shift is anticipated to improve sales and margins. Despite short-term challenges, Viswanathan is confident in the recovery of TiO2 margins and the resolution of liabilities, which may lead to multiple expansion for CC stock. CC shares rose 8.49% to $29.77.

Portfolio Pulse from Akanksha Bakshi

December 01, 2023 | 4:46 pm

ALRN

Ladenburg Thalmann analyst Aydin Huseynov has upgraded Aileron Therapeutics (NASDAQ:ALRN) from Neutral to Buy and set a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:43 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TLT

TSLA

USO

The stock market experienced its second-best November since the 1980s, largely due to rising bond prices as indicated by the iShares 20 Plus Year Treasury Bond ETF (TLT), and amplified by market mechanics. Investors are advised to watch for a potential break above the lower resistance zone in bonds, which could trigger another stock market rally. Jerome Powell's speech in Atlanta is anticipated, with the market looking for indications on interest rate cuts. If Powell supports the market's rate cut projections, a significant rally is expected; if he contradicts them, a pullback is likely. Early trade money flows are negative for major tech stocks and ETFs like SPY and QQQ. The momo crowd is buying stocks and gold, while smart money activity is undisclosed. Oil trading is volatile due to OPEC+ uncertainties, and Bitcoin is showing a positive bias, potentially aiming to break above $40,000.

Portfolio Pulse from The Arora Report

December 01, 2023 | 4:37 pm

ESTC

RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Elastic (NYSE:ESTC) and increased the price target from $87 to $107.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:36 pm

CMG

RBC Capital analyst Christopher Carril has maintained an Outperform rating on Chipotle Mexican Grill (NYSE:CMG) and increased the price target from $2185 to $2425.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:27 pm

CVNA

RBC Capital analyst Brad Erickson has reiterated an Underperform rating on Carvana (NYSE:CVNA) and maintained a price target of $24.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:24 pm

CRC

RBC Capital analyst Scott Hanold has reiterated an Outperform rating on California Resources (NYSE:CRC) and maintained a $60 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:22 pm

MEOH

RBC Capital analyst Nelson Ng has reiterated a 'Sector Perform' rating on Methanex (NASDAQ:MEOH), maintaining a price target of $45. No further details or analysis were provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:19 pm

GFL

RBC Capital analyst Walter Spracklin has maintained an Outperform rating on GFL Environmental (NYSE:GFL) but has reduced the price target from $45 to $43.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:17 pm