Streetbeat News

Price Targets

IHS

Goldman Sachs analyst Brett Feldman has maintained a Buy rating on IHS Holding (NYSE:IHS) but has reduced the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:46 pm

AAP

Goldman Sachs analyst Kate McShane has maintained a Neutral rating on Advance Auto Parts (AAP) and reduced the price target from $83 to $73.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:45 pm

ACN

Redburn Atlantic analyst Alex Haissl has initiated coverage on Accenture (NYSE:ACN) with a Buy rating and set a price target of $410.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:41 pm

GEN

B of A Securities analyst Jonathan Eisenson has initiated coverage on Gen Digital (NASDAQ:GEN) with a Buy rating and set a price target of $25.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:39 pm

ALL

Allstate Corporation (NYSE:ALL) has implemented rate increases for its auto and homeowners insurance in October 2023. The auto insurance rates have increased by 10.4%, expected to raise annualized written premiums by approximately $2.70 billion. Homeowners insurance rates have seen a 9.6% increase, expected to raise annualized written premiums by about $982 million. Additionally, the average gross written premium for homeowners insurance rose by 12.2% in October 2023 compared to the previous year. Allstate's estimated catastrophe losses for October were below the $150 million threshold.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:33 pm

MAXN

Northland Capital Markets analyst Donovan Schafer downgraded Maxeon Solar Technologies (NASDAQ:MAXN) from Outperform to Market Perform and reduced the price target from $25 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:32 pm

VALE

Deutsche Bank analyst Liam Fitzpatrick has downgraded Vale (NYSE:VALE) from Buy to Hold and set a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:30 pm

TME

JP Morgan analyst Alex Yao has upgraded Tencent Music Entertainment Group (TME) from Neutral to Overweight and increased the price target from $7 to $10.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:20 pm

BTCUSD

Cryptocurrency analyst Kaleo predicts Bitcoin (BTC) will reach $80,000 after the next halving event, drawing parallels between the post-COVID-19 market recovery in 2020 and the current market trends following the FTX collapse. The halving event, which cuts the reward for mining new Bitcoin blocks in half, is expected to reduce the rate of new Bitcoin creation and potentially lead to a price surge. At the time of the article, BTC was trading at $37,469, up 5.33% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 16, 2023 | 1:18 pm

GT

Deutsche Bank analyst Emmanuel Rosner upgraded Goodyear Tire & Rubber (GT) from Hold to Buy and increased the price target from $13 to $21.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 1:17 pm