Truist Securities lowered Elevance Health (NYSE:ELV) price target from $610 to $580
Truist Securities analyst Tobey Sommer maintains Elevance Health (NYSE:ELV) with a Buy and lowers the price target from $610 to $580.
News & Forecast & Price target & Analyst Ratings & Estimates
Truist Securities analyst Tobey Sommer maintains Elevance Health (NYSE:ELV) with a Buy and lowers the price target from $610 to $580.
Truist Financial Analysts Increased NVIDIA (NASDAQ:NVDA) Price Target to $289.00 from $266.00 with a buy rating.
Truist analyst Youssef Squali will raise its price target on Meta Platforms (NASDAQ:META) to $230 from $215 and maintain a buy rating on the stock. The analyst noted that the company’s second round of layoffs, which affects 10,000 jobs, will result in annualized cost savings of $2.5 billion to $3.5 billion and should start having a positive impact on profitability in the second half of the year. The analyst added that the move was welcome given that growth has slowed sharply and future visibility remains uncertain.
Truist: Raised its price target on Broadcom (NASDAQ:AVGO) to $700 from $659.
Truist: Raised its Salesforce (NYSE:CRM) price target from $210 to $250
Truist Securities analyst Naved Khan raised Etsy’s (Nasdaq:ETSY) price target to $150 from $125 and maintained a buy rating on the stock. The company posted stronger-than-expected fourth-quarter results and provided a further normalized first-quarter outlook. The analyst added that Etsy’s guidance is also “more conservative” given the potential risks to consumer spending from high inflation, rising interest rates, macro weakness and currency headwinds.
Truist Securities: Maintains Intel (NASDAQ:INTC) hold rating and $29 price target.
Truist Securities Lowers Home Depot (NYSE:HD) Price Target to $352 From $382, Maintains Buy Rating Truist lowered its price target on Home Depot (NYSE:HD) to $352 from $382, but maintained its buy rating on the stock. The analyst told investors in a research note that Home Depot’s fourth-quarter sales trend remained solid and the Pro business continued to drive growth; But its outlook was slightly lower than expected, mainly due to increased investment in wages. The analyst added that Home Depot’s sales growth in fiscal 2023 will be broadly flat as fundamentals remain stable in a difficult environment, and he remains bullish on the stock given the overall resilience of the home improvement business.
Truist analyst Neal Dingmann raised its price target on Chevron (NYSE:CVX) to $179 from $169, but maintained its hold rating on the stock. The analyst told investors in a research note that the company continues to make headlines with its buybacks, disclosing a $75 billion buyback authorization last week, but the announcement was more of a “catch-up” move that brought Chevron’s shareholder return program more in line with the larger independent exploration and production companies. He added that it became “a little cautious” about Chevron’s overall upstream operations plans given its hints that production growth was declining in the Permian.
Truist: Raised Spotify (NYSE:SPOT) price target from $115 to $132.