Today’s most important price target changes

© Reuters

By Davit Kirakosyan

Cowen cut its price target on Costco Wholesale (NASDAQ:COST) to $600.00 from $650.00 while maintaining an Outperform rating.

The company continues to be Cowen’s “best idea in 2023” due to its low-priced and curated assortment amid inflation, sticky membership model, and consistent positive traffic frequency, However, the firm mentioned that if lower gas price trends continue from current rates, this could have an impact to EPS of (40c)-(50c) or a (2%)-(4%) headwind. The firm estimates gas revenues to decline 9% year-over-year while gross profit dollars decline 12% year-over-year.

Shares closed more than 2% higher today.

Deutsche Bank raised the price target on Estee Lauder (NYSE:EL) to $290.00 from $266.00 while maintaining a Buy rating. Shares rose more than 2% today.

Benchmark raised the price target on Boeing (NYSE:BA) to $250.00 from $200.00 while maintaining a Buy rating as it believes "the current environment, where passenger air traffic continues to outpace expectations, coupled with a constrained but improving supply chain, benefits BA’s FCF profile."

The firm took a positive stance on Boeing's large number of built but undelivered planes, noting "the ability to deliver built but undelivered 737-MAX’s and 787’s provides a smoothing FCF effect while supply chains recover."

Deutsche Bank lowered the price target on Nexstar Media Group Inc (NASDAQ:NXST) to $218.00 from $225.00 while maintaining a Buy rating.

Piper Sandler raised the price target on Ally Financial (NYSE:ALLY) to $33.00 from $28.00 while maintaining a Neutral rating. Shares rose more than 2% today. The company’s shares jumped 20% on Friday after the company reported a Q4 beat.

JPMorgan raised the price target on Comerica (NYSE:CMA) to $75.00 from $72.00 while maintaining an Overweight rating following the company’s reported Q4 EPS beat last week. Shares surged more than 4% today.

Deutsche Bank raised the price target on Verisk Analytics (NASDAQ:VRSK) to $208.00 from $195.00 while maintaining a Buy rating. Shares were up more than 2% today.

Truist Securities raised the price target on SVB Financial Group (NASDAQ:SIVB) to $269.00 from $250.00 while maintaining a Buy rating. Shares closed more than 2% higher today.

Stifel raised the price target on IBM (NYSE:IBM) to $158.00 from $140.00 while maintaining a Buy rating.

DA Davidson raised the price target on Tractor Supply Company (NASDAQ:TSCO) to $219.00 from $215.00 while maintaining a Neutral rating.

JPMorgan raised the price target on The Carlyle Group LP (NASDAQ:CG) to $46.00 from $41.00 while maintaining an Overweight rating. Shares gained more than 2% today.

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