Streetbeat News

Price Targets

GKOS

SGHT

Needham expects Glaukos Corp (GKOS) to surpass expectations and raise its Q2 FY23 outlook, driven by rebounding iStent inject volumes and the accelerating iAccess and iPRIME launches. The analyst firm maintains a Buy rating and raises the price target to $89 from $67. Glaukos could see increasing iStent momentum before favorable ASC facility fee changes in 2024. The changes could potentially drive $10 million in revenue to GKOS in 2024.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 6:26 pm

PII

Citigroup analyst James Hardiman maintains a Neutral rating on Polaris (NYSE:PII) and raises the price target from $108 to $130.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:21 pm

C

PPG

Citigroup analyst Patrick Cunningham maintains a Buy rating on PPG Industries (NYSE:PPG) and raises the price target from $161 to $174.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:18 pm

SHW

Citigroup analyst Patrick Cunningham maintains a Buy rating on Sherwin-Williams (NYSE:SHW) and raises the price target from $283 to $310.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:14 pm

HWC

Hancock Whitney Corp (HWC) received mixed analyst opinions following its Q2 results. Truist Securities and Stephens & Co. raised the price target to $47, while Raymond James increased it to $46. However, Truist and Stephens lowered the EPS estimates for 2023 and 2024, citing expected lower revenue and higher expenses. Piper Sandler reduced the price target to $46 and downgraded the rating to Neutral.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 6:11 pm

MA

V

Morgan Stanley analyst James Faucette reiterated Overweight ratings on Visa Inc (NYSE:V) with a $290 price target and Mastercard Inc (NYSE:MA) with a $440 price target. He expects strength in international travel to drive an upside to Visa and Mastercard's earnings, especially as cross-border volumes generate higher yields and margins than domestic volumes. He also sees recent underperformance relative to the market as a compelling valuation with macro risks fully priced in.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 6:03 pm

TFX

Analysts have provided various ratings for Teleflex (NYSE:TFX) within the last quarter, with 1 bullish, 3 somewhat bullish, and 2 indifferent ratings. According to 6 analysts offering 12-month price targets in the last 3 months, Teleflex has an average price target of $283.67, with a high of $330.00 and a low of $261.00. This average price target has increased by 9.1% over the past month.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:00 pm

PEN

Baird has initiated coverage on Penumbra Inc (NYSE:PEN) with an Outperform rating and a price target of $375. The analyst notes that Penumbra, a pioneer in aspiration mechanical thrombectomy (MT), is set for robust revenue growth over the next 2-3 years, supported by various factors. The company's proprietary FLASH and BOLT MT systems, launched in 2023, are expected to drive growth. Penumbra has identified multiple large and underpenetrated addressable market opportunities in vascular and neuro segments. The company's ongoing clinical trials hold the potential to accelerate MT adoption and expand the addressable markets.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 5:59 pm

META

Truist Securities analyst Youssef Squali has maintained a Buy rating on Meta Platforms Inc (NASDAQ:META) and raised the price target from $265 to $340. The analyst is positive on Meta due to a recovery in ad spending and positive user engagement. The company's focus on operating efficiencies and investment in AI/ML are also seen as positive. However, despite initial success, Threads, Meta's new platform, has seen a decrease in daily users and time spent per user.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 5:53 pm

WAL

Wedbush has maintained an Outperform rating on Western Alliance Bancorporation and raised its price target from $45 to $50. This has led to a rise in the trading of Western Alliance Bancorporation shares.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:45 pm