Streetbeat News

Price Targets

CLS

Stifel analyst Matthew Sheerin has maintained a Hold rating on Celestica (NYSE:CLS) and increased the price target from $26 to $30.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:46 pm

CPE

Stifel analyst Derrick Whitfield has maintained a Buy rating on Callon Petroleum (NYSE:CPE) but has reduced the price target from $54 to $44.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:45 pm

CRM

Salesforce Inc (NYSE:CRM) shares rose after reporting strong Q3 earnings, with analysts highlighting large deal growth, cRPO growth, and AI adoption. 10 of 12 analysts raised their price targets, citing solid results, margin improvements, and potential from AI and Data Cloud products. The company's guidance supports continued growth, and analysts see generative AI as a near-term revenue accelerator.

Portfolio Pulse from Priya Nigam

November 30, 2023 | 7:40 pm

EXPR

Small Cap Consumer Research analyst Eric Beder has maintained a Buy rating on Express (NYSE:EXPR) but has lowered the price target from $40 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:40 pm

SBLK

Jefferies analyst Omar Nokta has maintained a Buy rating on Star Bulk Carriers (NASDAQ:SBLK) and increased the price target from $22 to $24.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:38 pm

GNK

Jefferies analyst Omar Nokta has reaffirmed a Buy rating on Genco Shipping & Trading (NYSE:GNK) and increased the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:37 pm

CRM

Truist Securities analyst Terry Tillman has reiterated a Buy rating on Salesforce (NYSE:CRM) and maintained a $275 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:35 pm

COST

Truist Securities analyst Scot Ciccarelli has reiterated a Buy rating on Costco Wholesale (NASDAQ:COST) and maintained a price target of $619.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:34 pm

FL

Telsey Advisory Group analyst Cristina Fernández maintained an Outperform rating on Foot Locker, Inc. (NYSE:FL) and raised the price target from $22 to $31. The company's Q3 2023 results and revised guidance indicate stable trends, with no worsening as seen with other retailers. Foot Locker's promotional activities were anticipated in previous guidance and are not due to a soft consumer environment. The company is receiving vendor support to clear inventory and expects to end the year with inventory levels flat or slightly down. Sales trends improved through Q3, with a strong Black Friday weekend. Strategic initiatives, including the growth of strategic brands and community and power stores, are progressing. However, there is uncertainty for 2024 regarding inventory management and margin recovery. The analyst projects a lower EPS for 2023 and 2024, with operating margin compression in 2023 and a slight decrease in operating margin projection for 2024. FL shares dropped by 1.34% to $27.30.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 7:33 pm

AVB

Truist Securities analyst Michael Lewis has reiterated a Buy rating on AvalonBay Communities (NYSE:AVB) and maintained a price target of $202.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:32 pm