Streetbeat News

Price Targets

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

IRTC

Baird has initiated coverage on iRhythm Technologies Inc (IRTC) with an Outperform rating and a $130 price target. The company's ZioService is expected to dominate the ambulatory cardiac monitoring (ACM) sector. The analyst predicts a 20% growth outlook over the next five years, with IRTC's PCP volumes growing at a ~25% CAGR. The company plans to expand into multiple international markets, with international revenue expected to represent ~8% of total company revenue by 2027. However, IRTC received a Warning Letter from the FDA regarding non-conformities to medical device regulations, which could impact the stock.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 5:41 pm

GXO

Oppenheimer analyst Scott Schneeberger has increased the price target of GXO Logistics Inc (NYSE:GXO) to $76 from $67 with an Outperform rating. Despite concerns about slowing consumer discretionary activity, the analyst expects GXO to be the only transportation/logistics company to grow revenue in Q2 and 2023. The Q2 adjusted EBITDA estimate has been increased to $178 million, with expectations of margin improvement due to a decline in initial variable expense, improving efficiency, and Clipper acquisition integration synergies.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 5:23 pm

ZWS

In the last quarter, Zurn Elkay Water (NYSE:ZWS) received 6 bullish ratings from analysts. The company's average 12-month price target is $29.33, which has increased by 11.1% over the past month. No bearish or indifferent ratings were observed.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:02 pm

ELS

RBC Capital has maintained its Sector Perform rating for Equity Lifestyle Props (NYSE:ELS) but lowered its price target from $70.00 to $69.00. ELS shares are currently trading up 1.63% at $67.03 per share. A move to $69.00 would represent a 2.95% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:01 pm

PAYC

In the last quarter, Paycom Software (NYSE:PAYC) received 3 bullish, 4 somewhat bullish, and 2 indifferent analyst ratings. The average 12-month price target for the company, according to 9 analysts, is $383.0, with a high of $450.00 and a low of $302.00. This average price target has increased by 0.75% over the past month.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 5:00 pm

ZWS

Stifel analyst Nathan Jones has maintained a 'Buy' rating on Zurn Elkay Water (NYSE:ZWS) and raised the price target from $24 to $31.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:34 pm

WTS

Stifel analyst Nathan Jones has maintained a 'Hold' rating on Watts Water Technologies (NYSE:WTS) and raised the price target from $177 to $182.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:33 pm

STNG

Stifel analyst Benjamin Nolan has maintained a 'Buy' rating on Scorpio Tankers (NYSE:STNG) but lowered the price target from $77 to $71.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:33 pm

PNR

Stifel analyst Nathan Jones maintains a Buy rating on Pentair (NYSE:PNR) and raises the price target from $71 to $81.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:32 pm