Streetbeat News

Revenues

IYK

PG

VDC

Goldman Sachs has lowered its Q1 forecast for Procter & Gamble (PG) due to global challenges, particularly in international markets. The price target is reduced to $164 with a Neutral rating. Despite resilience in the U.S., international issues and FX headwinds are expected to result in flat net sales growth. PG's organic sales growth has decelerated, and investor expectations have shifted lower.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 6:04 pm

VSTO

Vista Outdoor (NYSE:VSTO) has received mixed analyst ratings over the past three months, with all four analysts maintaining a neutral or hold stance. The average 12-month price target has slightly increased to $41.25. Despite a recent revenue decline, Vista Outdoor shows strong financial health with high net margins, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:01 pm

BMY

Analysts have mixed views on Bristol-Myers Squibb (NYSE:BMY) with recent evaluations showing a range of sentiments. The average 12-month price target has increased slightly to $48.0. The company's financial health shows strong net margins and ROA, but challenges in ROE and revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

SYF

Analysts have shared mixed views on Synchrony Financial (NYSE:SYF) over the past three months, with a range of ratings from bullish to indifferent. The average 12-month price target has increased to $54.4, with a high of $60.00 and a low of $41.00. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting dynamic market conditions and company performance. Synchrony Financial has shown strong financial performance with a 12.69% revenue growth rate and a net margin of 16.81%, although its return on assets lags behind industry averages.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years with an average annual return of 10.39%, resulting in a $1000 investment growing to $7,279.14. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

BRO

Brown & Brown (NYSE:BRO) has significantly outperformed the market over the past 5 years, with an annualized return of 23.16%. A $100 investment in BRO 5 years ago would now be worth $284.17, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

CIEN

IYZ

XTL

Ciena Corporation (NYSE:CIEN) was downgraded by JP Morgan due to concerns over telco spending and margin pressures. The analyst highlighted limited EPS upside and a muted capex growth outlook for U.S. telcos. Ciena's telecom revenues are below pre-pandemic levels, and the company has authorized a share repurchase program starting in 2025. CIEN shares fell 3.93% following the downgrade.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:52 pm

BUL

LULU

VFQY

Analysts are optimistic about Lululemon's international growth, particularly in China, despite mixed trends in the US market. JP Morgan and Goldman Sachs analysts have differing views on the company's short-term prospects, with a focus on the upcoming Shanghai Analyst Meeting.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:48 pm

XYL

Xylem Inc. (NYSE:XYL) is trading at $133.65 with a P/E ratio of 41.19, higher than the Machinery industry's average of 28.81. This suggests potential overvaluation or expected future performance. Investors should consider other metrics alongside the P/E ratio for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:45 pm

DEO

STZ

Constellation Brands reported mixed results for its latest quarter, with strong beer sales offsetting declines in its wine and spirits business. The company posted a 3% YoY increase in net sales, driven by its beer brands, while wine and spirits sales fell by 12%. Constellation expects beer sales to grow, but wine and spirits to decline further. Diageo, another major player in the spirits market, also reported weak results but remains optimistic about future growth.

Portfolio Pulse from Upwallstreet

October 07, 2024 | 5:41 pm