Streetbeat News

Revenues

PCAR

Analysts have provided varied ratings for PACCAR (NASDAQ:PCAR) over the last quarter, with recent updates showing a shift towards more positive evaluations. The average 12-month price target for PCAR has increased to $107.67, reflecting a 15.03% rise from the previous target of $93.60. This change is based on updates from analysts at firms including Evercore ISI Group, UBS, Goldman Sachs, B of A Securities, JP Morgan, and Morgan Stanley, who have adjusted their price targets and ratings in response to PACCAR's market performance and financial indicators. PACCAR, known for its medium- and heavy-duty trucks, has shown a revenue growth rate of 4.37% and a net margin of 15.61%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:00 pm

TRUP

Four analysts have recently evaluated Trupanion (NASDAQ:TRUP), showing a mix of opinions with one somewhat bullish and three indifferent. The average 12-month price target for TRUP is now $31.0, reflecting a 2.48% increase from the previous target of $30.25. Analysts' actions include both raises and lowers in ratings and price targets, indicating a nuanced view of Trupanion's performance and potential. Trupanion, a provider of specialty insurance products for pets, has shown a revenue growth of 3.5% as of December 31, 2023, but lags behind industry peers and faces challenges in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:00 pm

BYDDF

FAURY

TSLA

Auto parts giant Forvia SE is restructuring its workforce, planning to cut up to 10,000 jobs to save around €500 million annually by 2028. This move is in response to the shift towards electric vehicles (EVs), influenced by EU policies, declining European car sales, and competition from Chinese EV manufacturers. Forvia reported a 10.9% year-over-year increase in 2023 sales, reaching €27.25 billion. The company aims to improve profitability in Europe and reduce reliance on the Chinese market, amidst the automotive industry's challenges in transitioning to EVs. Notably, BYD Co Ltd has overtaken Tesla Inc as the leading global EV seller.

Portfolio Pulse from Vandana Singh

February 20, 2024 | 5:00 pm

MPW

Medical Properties Trust (NYSE:MPW) has received mixed analyst ratings over the past three months, with a recent shift towards a more bearish outlook. The average 12-month price target is now $4.75, a significant decrease from the previous $8.33. Analysts from RBC Capital, Deutsche Bank, Mizuho, and JP Morgan have adjusted their ratings and price targets, reflecting concerns over the company's revenue decline, market capitalization, and financial performance despite its strong net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:00 pm

HSY

At the Cagny Conference, a Hershey Co executive discussed cocoa prices, stating the company remains committed to adjusting pricing to cover inflation.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:58 pm

ETN

Eaton Corp (NYSE:ETN) has received diverse analyst ratings over the past quarter, with recent updates showing a positive shift in sentiment and price targets. Analysts from Evercore ISI Group, RBC Capital, Citigroup, UBS, and Wells Fargo have raised their price targets for ETN, reflecting optimism about the company's performance and market position. The average 12-month price target for ETN now stands at $285.2, marking a significant increase from the previous average. Eaton's financials indicate strong revenue growth, exceptional net margin, and efficient asset and equity management, positioning it favorably in the industrials sector.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:01 pm

ESAB

Four analysts have recently updated their ratings on ESAB (NYSE:ESAB), showing a mix of bullish and indifferent sentiments. The average 12-month price target for ESAB is now $99.75, up 8.13% from the previous $92.25, indicating a positive outlook. Analysts from Evercore ISI Group, Stifel, and Baird have raised their price targets, reflecting optimism about ESAB's market performance. ESAB, a leader in welding equipment, reported a revenue growth of 9.79% for the quarter ending September 30, 2023, outperforming industry averages despite challenges in profitability and financial leverage.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:00 pm

COIN

20 analysts have recently updated their ratings on Coinbase Global (NASDAQ:COIN), showing a diverse range of opinions from bullish to bearish. The average 12-month price target is now $153.4, up 36.26% from the previous $112.58, indicating a positive sentiment shift. Analysts from firms like Goldman Sachs, JMP Securities, and HC Wainwright & Co. have raised their price targets, reflecting optimism about Coinbase's market position and financial performance, including a notable revenue growth rate and strong profitability metrics.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:00 pm

AAL

American Airlines has announced an increase in checked baggage fees, the first in over five years, and introduced restrictions on earning frequent flyer miles for tickets purchased through third-party travel agencies. The new fees are $35 for the first checked bag on domestic flights when booked online in advance, up from $30, and $45 for a second checked bag. The airline is also reducing fees for slightly overweight bags and will only allow frequent flyer miles for basic economy tickets booked on its website or through preferred travel agencies.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:25 pm

TDY

Teledyne FLIR, a subsidiary of Teledyne Technologies Incorporated, has secured a contract to supply the Canadian government with over 800 drones, valued at CAD$95 million, for use by Ukraine. This donation complements the unmanned systems and counter-drone technology that Ukraine forces are currently utilizing.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 3:11 pm