Streetbeat News

Price Targets

UAL

Analysts from Raymond James, JP Morgan, and Morgan Stanley have raised their price targets for United Airlines Holdings Inc (NASDAQ:UAL), predicting the company will outperform its US peers in the medium term. The analysts increased their EPS growth forecasts for 2023, 2024, and 2025, citing substantial international revenue and unique cost tailwinds. However, these boosts are partially offset by steps taken to improve operational resiliency and changes in profit-sharing methodology.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:43 pm

NOVA

BMO Capital analyst Ameet Thakkar has downgraded Sunnova Energy International Inc (NOVA) to Market Perform from Outperform, lowering the price target to $25 from $27. The downgrade is due to the challenging US residential solar market and NOVA's less exposure compared to its international peers. Thakkar also revised the 2023 EPS estimate to $(1.54) from $(1.49). NOVA shares are currently trading lower by 5.5% at $21.33.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 5:59 pm

WMB

Williams Companies Inc. (NYSE:WMB) stock has seen a 10.72% increase over the past month and a 1.32% increase over the past year. The company's P/E ratio of 15.85 is higher than the aggregate P/E ratio of the Oil, Gas & Consumable Fuels industry (14.01), indicating that investors expect the company to perform better in the future. However, this could also suggest that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 5:45 pm

COF

Capital One Financial Corp (COF) reported Q2 2023 results, with revenue of $9.01 billion, missing the consensus estimate of $9.12 billion, and earnings of $3.52 per share, beating analyst estimates of $3.22. Following the results, several analysts including Morgan Stanley, Stephens & Co., Wells Fargo, Piper Sandler, and Citigroup adjusted their price targets for COF. COF shares are trading higher by 0.90% at $116.01.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 5:33 pm

SMCI

Northland Capital Markets analyst Nehal Chokshi maintains an Outperform rating on Super Micro Computer (NASDAQ:SMCI) and raises the price target from $300 to $345.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:27 pm

LLY

Jefferies analyst Akash Tewari maintains a 'Hold' rating on Eli Lilly (NYSE:LLY) and raises the price target from $408 to $430.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:24 pm

BX

Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Blackstone (NYSE:BX) and raises the price target from $115 to $117.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:23 pm

EVGN

Roth MKM analyst Brian Wright maintains a 'Buy' rating on Evogene (NASDAQ:EVGN) and has raised the price target from $1 to $6.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:18 pm

SAM

Evercore ISI Group analyst Eric Serotta maintains an In-Line rating on Boston Beer Co (NYSE:SAM) and lowers the price target from $330 to $320.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:16 pm

KNTK

Mizuho analyst Gabriel Moreen has reiterated a Buy rating on Kinetik Holdings Inc. (NYSE:KNTK), raising the price target to $39 from $37. The analyst expects KNTK to reiterate the 'high end' of its FY23 guidance in its upcoming Q2 2023 results conference call. Moreen also forecasts a linear growth trajectory for KNTK's quarterly earnings through year-end and expects an update on the company's GCX stake sale process before September.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 5:14 pm