Streetbeat News

Stock Prices

CURLF

MSOS

Boris Jordan highlighted Curaleaf's potential in Europe following Germany's decision to remove cannabis from the narcotic list, viewing it as a major catalyst. The first two weeks have shown positive signs from telemedicine platforms.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:10 pm

JD

Benchmark analyst Fawne Jiang maintains a Buy rating on JD.Com, Inc (NASDAQ:JD) with a price target of $55, citing disciplined cost management and healthy GMV growth. The first quarter revenue projection remains unchanged at +6% y/y, with a raised non-GAAP NPM estimate to 2.8%. For FY24, GMV and revenue are expected to grow above China's retail growth rate with a stable profit year over year. The current estimates do not factor in potential stimulus policies from China's government, which could provide an upside to JD's stock.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 6:10 pm

WIRE

Sidoti & Co. analyst Julio Romero downgraded Encore Wire (NASDAQ:WIRE) from Buy to Neutral and set a price target of $290.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:10 pm

CROX

Williams Trading analyst Sam Poser downgrades Crocs (NASDAQ:CROX) from Buy to Hold and lowers the price target from $135 to $125, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:07 pm

UNH

UnitedHealth Group (NYSE:UNH) reported Q1 earnings with better-than-expected revenue and earnings, despite a cyberattack on its subsidiary Change Healthcare. Adjusted EPS was $6.91, up from $6.26 a year ago, with revenues increasing to $99.8 billion. The company maintained its adjusted EPS guidance of $27.50-$28.00. Goldman Sachs reaffirmed a Buy rating on UNH with a price target of $593, citing a positive medical cost update and prudent outlook. UNH shares rose 5.10% to $468.35.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 6:03 pm

MTB

In the last three months, 16 analysts have evaluated M&T Bank (NYSE:MTB), showing a shift towards more bullish and neutral stances compared to previous months. The average 12-month price target for MTB has been raised to $162.38, indicating a positive sentiment shift. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to M&T Bank's market conditions and performance. Despite a negative revenue trend and challenges in net margin, M&T Bank's ROE and ROA outperform industry averages, suggesting strong financial management.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:02 pm

SFM

Analysts have mixed views on Sprouts Farmers Market (NASDAQ:SFM), with recent ratings ranging from bullish to indifferent. The average 12-month price target for SFM has been raised to $60.5, indicating an 8.04% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $50.00 to $71.00. Sprouts Farmers Market showcases strong financial performance with a notable revenue growth rate, exceptional net margin, and above-average ROE and ROA, positioning it well in the specialty grocery market.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:02 pm

IBM

Financial analysts have observed unusual options activity on IBM, indicating a bullish sentiment among significant investors. Analysis of trades shows a preference for calls over puts, with a notable price range target of $155.0 to $230.0 for IBM in the coming three months. The article details specific trades and provides insights into IBM's market position, highlighting its extensive involvement in global IT services and its impact on various sectors. IBM's stock price is currently up 1.62% at $184.19, with an upcoming earnings release in 8 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:01 pm

TSCO

A comprehensive review of 17 analyst recommendations for Tractor Supply (NASDAQ: TSCO) reveals a diverse range of opinions, with a shift towards more bullish sentiments in recent months. The average 12-month price target has risen to $255.94, indicating a 7.9% increase from the previous target. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with several raising their expectations. Tractor Supply, a leading retail farm and ranch store operator in the US, has shown strong financial health despite a revenue decline of -8.65% in the last quarter of 2023.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:01 pm

AFG

American Finl Gr (NYSE:AFG) has delivered an average annual return of 9.65% over the past 20 years, outperforming the market by 1.94% annually. With a current market cap of $10.62 billion, a $100 investment in AFG 20 years ago would be worth $627.54 today.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:00 pm