Streetbeat News

Price Targets

RCI

RBC Capital analyst Drew McReynolds has maintained an Outperform rating on Rogers Communications Inc. (TSX:RCI) and increased the price target from C$69 to C$71.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:33 pm

MFC

RBC Capital analyst Darko Mihelic has maintained a 'Sector Perform' rating on Manulife Financial (TSX:MFC) and increased the price target from C$30 to C$32.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:27 pm

TPR

Tapestry Inc (NYSE:TPR) reported a slight increase in Q1 FY24 sales but missed analyst consensus estimates. Adjusted EPS beat expectations. The company lowered its FY24 sales forecast, leading to a 0.9% drop in share price. Raymond James and Goldman Sachs reduced their price targets on Tapestry, maintaining Outperform and Buy ratings respectively.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:24 pm

TDG

TransDigm Group Incorporated (NYSE:TDG) exceeded Q4 FY23 earnings expectations with a 23% year-on-year sales increase to $1.852 billion and an adjusted EPS of $8.03, surpassing consensus estimates. The company forecasts FY24 net sales between $7.48 billion and $7.68 billion and adjusted EPS of $31.00-$32.94, both above consensus. TransDigm also plans to acquire the Electron Device Business of Communications & Power Industries for $1.385 billion. Following the news, TDG shares rose 1%, and analysts at Susquehanna and Morgan Stanley raised their price targets for TDG.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:18 pm

DBD

Diebold Nixdorf Incorporated (NYSE:DBD) reported a 16.4% Y/Y increase in Q3 net sales to $943.4 million, with a Non-GAAP revenue rise of 17.1% to $943.3 million. Adjusted EBITDA was $109.1 million, up from $75.6 million a year ago. Despite the positive results, DBD shares fell 3.2% to $20.72. Analysts from Wedbush and DA Davidson raised their price targets on DBD, with Wedbush maintaining a Neutral rating and DA Davidson upgrading to Buy.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:12 pm

TTD

Trade Desk Inc (NASDAQ:TTD) shares dropped after Q3 earnings, despite beating expectations, due to a weaker Q4 guidance. Analysts from Truist Securities, Piper Sandler, Needham, and Stifel have adjusted their ratings and price targets, noting the company's strong market position but expressing concern over the cautious Q4 outlook.

Portfolio Pulse from Priya Nigam

November 10, 2023 | 6:07 pm

SYNA

Synaptics Incorporated (NASDAQ:SYNA) exceeded Q1 earnings and revenue expectations, posting adjusted earnings of $0.52 per share against estimates of $0.40 and revenue of $237.7 million versus the expected $232.7 million. The company anticipates Q2 revenue to be between $220 million and $250 million, compared to estimates of $239.82 million. Following the earnings report, Synaptics' stock rose 14.1% to $100.94. Analysts from Keybanc, Needham, Susquehanna, and Rosenblatt have raised their price targets on Synaptics, maintaining positive ratings.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 6:04 pm

DOOR

Analysts have recently rated Masonite International (NYSE:DOOR) with 2 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average 12-month price target for DOOR is $107.2, with a high of $125.00 and a low of $87.00. This target has decreased by 12.85% from the previous target of $123.00. The ratings indicate a mixed outlook from analysts over the past quarter.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 6:00 pm