Streetbeat News

Revenues

WAT

Analysts have updated their ratings and price targets for Waters Corporation (NYSE:WAT), showing a positive shift in sentiment. Over the past quarter, 4 analysts have provided diverse opinions, with recent updates indicating a move towards more favorable views. The average 12-month price target for WAT has increased to $301.25, up 13.68% from the previous $265.00. This change reflects analysts' responses to market dynamics and Waters's performance, including its strong financial indicators such as revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:00 pm

OWL

Blue Owl Cap (NYSE:OWL) has been evaluated by 4 analysts over the last three months, showing a shift towards a more bullish outlook. The average 12-month price target is now $17.56, marking a 10.58% increase from the previous target. Analysts from Goldman Sachs, TD Cowen, Piper Sandler, and Evercore ISI Group have adjusted their ratings and price targets, reflecting optimism about the company's market position. Blue Owl Cap's financials indicate strong revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:00 pm

NBIX

TEVA

Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) rose after analysts, including Piper Sandler's David Amsellem, upgraded the stock from Neutral to Overweight and increased the price target from $12 to $19, citing potential growth from the Austedo franchise, improved U.S. generics business, and better capital structure. The Austedo franchise is expected to significantly contribute to Teva's revenues, growing from 10% in 2024 to 18% by 2032, with high gross margins and the ability to drive corporate EBITDA stability.

Portfolio Pulse from Priya Nigam

February 12, 2024 | 4:53 pm

SHAK

Shake Shack (NYSE:SHAK) received mixed analyst ratings in the latest quarter with 6 analysts offering views ranging from bullish to indifferent. The average 12-month price target for SHAK has been raised to $82.00 from $79.00, indicating a positive sentiment shift. Analysts from firms like UBS, Truist Securities, and Oppenheimer have updated their ratings and price targets, reflecting various perspectives on the company's performance and market position. Shake Shack's financials show a positive revenue trend with a growth rate of 21.24% and an exceptional net margin of 2.76%, although its ROE and ROA are below industry averages.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 4:01 pm

DTE

Recent analyst ratings for DTE Energy (NYSE:DTE) show a mix of perspectives, with 2 somewhat bullish and 3 indifferent ratings in the last three months. The average 12-month price target is $113.2, indicating a 4.33% increase from the previous target of $108.50. Analysts from BMO Capital, Guggenheim, Keybanc, and Evercore ISI Group have adjusted their ratings and price targets, reflecting their views on DTE Energy's market position. Despite a negative revenue trend of -24.17% over 3 months, DTE Energy exhibits strong financial health with a net margin of 12.32%, an ROE of 3.82%, and an ROA of 0.94%.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 4:00 pm

SPY

The National Association for Business Economics (NABE) survey reveals growing unease among economists towards the Federal Reserve's restrictive monetary policies, with a 59% chance of a rate cut by May. Financial markets anticipate up to five rate cuts by end of 2024, buoying the U.S. stock market to record highs, as evidenced by the SPDR S&P 500 ETF Trust (SPY) surpassing the 5,000-point mark. Despite recession fears, the U.S. economy's resilience has delayed downturn risks, with a mixed outlook on recession timing among economists.

Portfolio Pulse from Piero Cingari

February 12, 2024 | 3:41 pm

BDC

New York Governor Kathy Hochul announced $2.4 million in grants and tax credits to Belden Inc. (NYSE:BDC) for operational expansion in Syracuse, NY. The incentives aim to boost fiber production at Belden's primary Broadband Solutions location. The funding includes a $1.2 million Empire State Development grant and a $1.2 million Excelsior Jobs tax credit. This move is part of a broader initiative to drive economic growth and innovation in New York, with Belden playing a key role in the broadband manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:31 pm

BTC-USD

DOGE-USD

ETH-USD

GT

WM

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance as analysts predict significant movements, including a potential Dogecoin pump. US markets see cautious optimism with Nasdaq and S&P futures flatlining ahead of key data, while Waste Management and Goodyear Tire are stocks to watch. Political and economic developments, including US-China tensions and EU climate policy shifts, alongside tech and EV sector updates, including Apple, Google, and Tesla, highlight the global landscape. Elon Musk's activities, from SpaceX Mars plans to Tesla's challenges, also draw attention.

Portfolio Pulse from Akanksha Bakshi

February 12, 2024 | 2:21 pm

VUZI

Vuzix Corp (NASDAQ:VUZI) shares dropped after announcing a mixed shelf offering of up to $300 million. The offering may include common stock, preferred stock, warrants, or a combination, sold directly or through agents, underwriters, or dealers. Despite Wall Street's overall 'Buy' rating, the stock has fallen 36.48% in the past three months, with revenue also down 36.39% over the past year.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:18 pm

CEI

Camber Energy, Inc. (CEI) announced a significant advancement in carbon-capture technology through its subsidiary's licensing of the ESG Clean Energy System, which includes nine patents. This system, proven to exceed expectations in recent tests, offers a cost-effective and energy-efficient solution for carbon dioxide capture. With exclusive rights in Canada and multiple U.S. locations, Camber aims to leverage this technology alongside its subsidiary, Simson-Maxwell Ltd., to address the growing carbon capture market, projected to reach $12.9 billion by 2030. The technology aligns with Canada's increasing carbon tax, offering a pragmatic solution for reducing carbon footprints and generating revenue.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:06 pm