Streetbeat News

Price Targets

MOD

DA Davidson analyst Matt J. Summerville reiterated a Buy rating on Modine Manufacturing Company (NYSE:MOD) and raised the price target to $43 from $38. The analyst is bullish on the company's growth in data center and EV component markets, with targeted 5-year organic growth CAGRs of 15%-25% and 40%-50%, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

June 23, 2023 | 5:52 pm

CMG

KeyBanc Capital Markets analyst Eric Gonzalez reiterated an Overweight rating on Chipotle Mexican Grill, Inc. (NYSE:CMG) and raised the price target to $2,300 from $2,050. The analyst cites strong premium digital capabilities, unit returns, and sustained traffic momentum as reasons for optimism. Gonzalez also raised the 2Q23 SSS growth estimate from 7% to 7.5% and the full-year SSS growth estimate from 7% to 7.4%.

Portfolio Pulse from Nabaparna Bhattacharya

June 23, 2023 | 5:51 pm

AEIS

KeyBanc Capital Markets analyst Steve Barger raised the price target of Advanced Energy Industries Inc (NASDAQ:AEIS) to $125 from $105 and reiterated an Overweight rating. Barger expects growth and diversification in the near term from the company's focus on Industrial and Medical end markets, and a substantial cyclical recovery in its semi-focused business. AI is also believed to facilitate data center growth in the long term.

Portfolio Pulse from Lekha Gupta

June 23, 2023 | 5:16 pm

AZN

A large investor has taken a bullish stance on AstraZeneca (NASDAQ:AZN), with Benzinga's options scanner spotting 12 uncommon options trades. The sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range of $67.5 to $80.0 for AstraZeneca over the last 3 months. Argus Research maintains a Buy rating on AstraZeneca with a price target of $80.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 5:07 pm

DRI

BMO Capital has maintained its Market Perform rating for Darden Restaurants (NYSE:DRI) and raised its price target from $150.00 to $160.00. Darden Restaurants' shares are trading up 1.07% at $163.86 per share.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 5:02 pm

GMS

RBC Capital has maintained its Sector Perform rating for GMS (NYSE:GMS) and raised its price target from $55.00 to $68.00. GMS shares are currently trading at $69.50, up 2.07% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 5:01 pm

EXAS

Canaccord Genuity has maintained its Buy rating for Exact Sciences (NASDAQ:EXAS) and raised its price target from $92.00 to $115.00. Exact Sciences provides cancer screening and diagnostic test products, including Cologuard and Oncotype DX.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 5:01 pm

ED

Morgan Stanley maintains its Underweight rating for Consolidated Edison (NYSE:ED) and lowers its price target from $75.00 to $73.00. Shares of ED are trading down 0.97% at $91.23 per share.

Portfolio Pulse from Benzinga Insights

June 23, 2023 | 5:01 pm

CLH

Stifel analyst Michael Hoffman maintains a Buy rating on Clean Harbors (NYSE:CLH) and raises the price target from $160 to $180.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:51 pm

EMLAF

CIBC analyst Mark Petrie maintains an Outperformer rating on Empire Co (OTC:EMLAF) and raises the price target from C$41 to C$43.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:49 pm