Streetbeat News

Price Targets

BAC

BMO Capital Markets analyst James Fotheringham has reiterated the Market Perform rating on Bank Of America Corporation (NYSE:BAC), raising the price target to $40 from $39. Despite this, the analyst sees more reliable return potential from other U.S. FIG stocks. BAC's 3Q23 revenue and credit beat led to a raise in estimates by as much as +3%. BAC expects quarterly NII to trough in 1H24, growing modestly in 2H24. The analyst raised BAC core EPS estimates for 2023, 2024, and 2025.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 5:56 pm

CHTR

DIS

VZ

Benchmark analyst Matthew Harrigan has maintained a Buy rating for Charter Communications Inc (CHTR) and raised the price target from $575 to $600. The analyst's positive stance is based on Charter's new programming template with Walt Disney Co (DIS), the upcoming launch of the Xumo Stream Box, and the upgrade of Charter’s network to multi-gig symmetrical speeds. Harrigan expects Charter's 3Q23 total sales to increase 1.1% to $13.71 billion, with EBITDA up 1.3% to $5.48 billion. He also estimates Charter gained 61K residential broadband customers in 3Q23.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 5:36 pm

SGEN

Truist Securities analyst Asthika Goonewardene has reiterated a 'Hold' rating on Seagen (NASDAQ:SGEN) and maintained a price target of $229.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:16 pm

PLD

Truist Securities analyst Ki Bin Kim has reiterated a 'Buy' rating on Prologis (NYSE:PLD) and maintained a price target of $135.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:14 pm

KMX

Truist Securities analyst Scot Ciccarelli has reiterated a 'Hold' rating on CarMax (NYSE:KMX) and maintained a price target of $72.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:12 pm

CHH

Truist Securities analyst Patrick Scholes has reiterated a 'Hold' rating on Choice Hotels Intl (NYSE:CHH) and maintained a price target of $143.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:10 pm

FCN

Truist Securities analyst Tobey Sommer has reiterated a 'Buy' rating on FTI Consulting (NYSE:FCN) and maintained a price target of $210.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:05 pm

WEN

Wedbush analyst Nick Setyan has reiterated an Outperform rating on Wendy's Company (NASDAQ:WEN), but lowered the price target to $24 from $26.50. Setyan views the current valuation as overly pessimistic and expects the company to achieve mid-single-digit to high-single-digit annual EBITDA growth and low- to mid-teens annual EPS and FCF/share growth in 2023 and beyond. He also expects Q4 domestic SSS growth to not be below Q3's, and has lowered EBITDA estimates but continues to view the high end of $530-540 million '23 guidance as realistic.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 5:02 pm

METC

Benchmark analyst Nathan Martin maintains a Buy rating on Ramaco Resources (NASDAQ:METC) and raises the price target from $11 to $15.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:01 pm

OXY

Susquehanna has maintained its Positive rating for Occidental Petroleum (NYSE:OXY) and increased its price target from $72.00 to $78.00. This new target represents an 18.69% increase from the current share price. OXY's shares have risen by 0.29% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 5:00 pm