Streetbeat News

Price Targets

IMGN

Guggenheim analyst Michael Schmidt has downgraded Immunogen (NASDAQ:IMGN) from Buy to Neutral while increasing the price target from $25 to $31.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:38 am

BABA

Morgan Stanley analyst Gary Yu downgraded Alibaba Group Holding (BABA) from Overweight to Equal-Weight and reduced the price target from $110 to $90.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:33 am

IMGN

BMO Capital analyst Etzer Darout has downgraded Immunogen (NASDAQ:IMGN) from Outperform to Market Perform and set a price target of $31. This change reflects a revised outlook on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:26 am

CC

RBC Capital analyst Arun Viswanathan upgraded Chemours (NYSE:CC) from Sector Perform to Outperform and increased the price target from $28 to $40, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 9:24 am

SJM

The J. M. Smucker Company (NYSE:SJM) is expected to release its Q2 fiscal 2024 earnings on Dec. 5, 2023, with an anticipated EPS of $2.48, up from $2.40 the previous year, and revenue estimates of $1.95 billion. The company recently agreed to sell its Fermented Food Condiment Brands in Canada to TreeHouse Foods for $20 million. Smucker's stock closed up 1.1% at $109.73. Analysts have provided mixed ratings and price target changes, with Deutsche Bank, Bernstein, TD Cowen, JP Morgan, and Consumer Edge Research analysts adjusting their outlooks and price targets.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 7:39 am

ADP

Over the last quarter, Automatic Data Processing (NASDAQ:ADP) received mixed ratings from analysts, with 1 bullish, 1 somewhat bullish, and 4 indifferent ratings. The average 12-month price target among 6 analysts is $256.17, which is a 7.41% decrease from the previous target of $276.67. The high estimate is $280.00 and the low is $235.00. Analyst ratings are opinions based on financial analysis and are updated periodically, reflecting the performance of stocks and sectors.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 9:00 pm

VSTS

Vestis (NYSE:VSTS) has received an overall positive outlook from analysts in the last quarter, with 3 bullish, 2 somewhat bullish, and 1 indifferent rating. The average 12-month price target for VSTS is $20.33, with a high of $24.00 and a low of $17.00. This target has increased by 1.65% over the past month, indicating a positive sentiment shift among analysts.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 9:00 pm

SNOW

Scotiabank analyst Patrick Colville has maintained a Sector Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $194 to $226, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:41 pm

AMZN

PINS

SNAP

Snap Inc (SNAP) and Pinterest Inc (PINS) stocks rose following upgrades by Jefferies analyst James Heaney, who changed their ratings from Hold to Buy. Heaney increased SNAP's price target from $12 to $16, citing optimism about the direct response platform's recovery, which constitutes 70-75% of revenue. He expects mid-teens revenue growth in North America for FY24. SNAP's partnership with Amazon (AMZN) for on-platform checkout is seen as a positive move. For PINS, the price target was raised from $32 to $41, with expectations of 20%+ revenue growth in FY24. Heaney's revenue and EBITDA estimates for both companies are above the Street's consensus. SNAP shares were up 6.16% to $13.78, and PINS shares increased by 1.89% to $33.91.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 8:39 pm