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The Latest Breaking News from RBC Capital

RBC Capital Initiates Raytheon Technologies At Outperform

Raytheon Technologies Corp (NYSE:RTX) coverage was initiated with an Outperform and a price target of $125 (an upside of 24.5%) by RBC Capital analyst Ken Herbert. The analyst believes that at 65% Defense and 35% Aero, RTX is setting a new standard for end-market exposure that will benefit from stronger defense fundamentals and the commercial…

Benzinga's Top Ratings Upgrades, Downgrades For April 7, 2022

Benzinga's Top Ratings Upgrades, Downgrades For April 7, 2022

Read How Analysts Reacted To Core & Main's Q4 Results

Read How Analysts Reacted To Core & Main's Q4 Results

Core & Main Inc (NYSE:CNM) has been upgraded to Overweight from Equal Weight by Barclays analyst Matthew Bouley. The analyst also raised the price target to $34 (an upside of 42%) from $32. The analyst shifted to a more defensive posture amidst interest rates likely rising more than anticipated under a prior favorable view of…

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CrowdStrike Holdings Whale Trades For March 29

Someone with a lot of money to spend has taken a bearish stance on CrowdStrike Holdings (NASDAQ:CRWD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga's Top Ratings Upgrades, Downgrades For March 28, 2022

What Are Whales Doing With Rivian Automotive

Someone with a lot of money to spend has taken a bearish stance on Rivian Automotive (NASDAQ:RIVN). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga's Top Ratings Upgrades, Downgrades For March 25, 2022

Upgrades For Aris Water Solutions Inc (NYSE:ARIS), Capital One upgraded the previous rating of Equal-Weight to Overweight. The stock has a 52-week-high of $19.16 and a 52-week-low of $10.06. At the end of the last trading period, Aris Water Solutions closed at $18.55.

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Analysts Bump Up AAR's Price Target Post Q3 Results

Analysts Bump Up AAR's Price Target Post Q3 Results

AAR Corp's (NYSE:AIR) price target has been raised to $56 (an upside of 12%) from $50 by RBC Capital analyst Ken Herbert while maintaining his Outperform rating on the shares. The analyst notes AAR's Q3 results showed steady improvement, with aviation sales up just under 3% Q/Q. Herbert specifies that AAR faced some softness early…

Read Why RBC Capital Slashed Price Targets Of Uber, Lyft

Read Why RBC Capital Slashed Price Targets Of Uber, Lyft

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform. Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform. Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

PagerDuty Shares Soar As Analysts Foresee Sharp Upside Post Q4

PagerDuty Shares Soar As Analysts Foresee Sharp Upside Post Q4

Analysts continue to see sharp upside in PagerDuty Inc (NYSE:PD) post Q4 beat. Monness Crespi analyst Brian White raised the price target to $44 from $40 (64% upside) and kept a Buy. PagerDuty has a significant opportunity in the real-time digital operations market but a more modest valuation than other next-gen software vendors, White said.…

Truist, RBC Capital Cut VSE's Price Target Post Q4 Results

Truist, RBC Capital Cut VSE's Price Target Post Q4 Results

Truist analyst Michael Ciarmoli maintained the Buy rating on the shares of VSE Corp (NYSE:VSEC) and lowered the price target to $65 from $73. Ciarmoli remains optimistic about the company. RBC Capital analyst Ken Herbert lowered the price target on VSE to $65 (an upside of 47%) from $70 and kept an Outperform rating on the shares.…

CrowdStrike Shares Soar Premarket As Analysts Paint Huge Upsides Post Q4

CrowdStrike Shares Soar Premarket As Analysts Paint Huge Upsides Post Q4

Analysts painted a sharp upside to CrowdStrike Holdings Inc (NASDAQ:CRWD) after it reported a stronger than expected Q4 and initial FY23 growth outlook. ARR rose 65% Y/Y and grew to $1.73 billion, of which $216.9 million was net new ARR added in Q4. BTIG analyst Gray Powell upgraded to Buy from Neutral with a $257 PT (51.4%…

Analysts Continue To See Sharp Upside In Bumble Post Q4

Analysts Continue To See Sharp Upside In Bumble Post Q4

Analysts continue to see sharp upside in Bumble Inc (NASDAQ:BMBL) despite cutting their price targets post Q4 results. BMO Capital analyst Daniel Salmon upgraded to Outperform from Market Perform with an unchanged price target of $48 (103% upside). Online dating is poised to outperform the internet sector. Cowen analyst John Blackledge raised the price target to $38…

Read How Analysts Reacted To AeroVironment's Q3 Earnings Report

Read How Analysts Reacted To AeroVironment's Q3 Earnings Report

RBC Capital analyst Ken Herbert raised the price target on AeroVironment, Inc. (NASDAQ:AVAV) to $70 (4% downside) from $65 and maintained a Sector Perform rating on the shares after its Q3 earnings. The analyst states that while fundamentals appear to be improving for the company, the results also highlighted continued budget and supply chain risk,…

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Analysts Slice Down This Pizza Chain's Price Targets

Analysts lowered their price target on Domino's Pizza Inc (NYSE:DPZ) following the company's Q4 results. Citi analyst Sergio Matsumoto lowered the price target to $480 (18% upside) from $540 and kept a Neutral rating on the shares. The analyst cited forecast decreases and market conditions for the reduced price target. Barclays analyst Jeffrey Bernstein lowered…

Benzinga's Top Ratings Upgrades, Downgrades For February 18, 2022

Here's Why RBC Capital Sees Sharp Upside In GitLab

RBC Capital analyst Matthew Hedberg upgraded GitLab Inc (NASDAQ:GTLB) to Outperform from Sector Perform with an unchanged $90 price target, suggesting a 35% upside. The analyst cites the stock's "more reasonable valuation" after a pullback in price. Hedberg adds that he remains bullish on GitLab taking a significant share in the estimated $40 billion DevSecOps…

RBC Capital Upgrades Equifax To Outperform, Sees Sharp Upside

RBC Capital analyst Ashish Sabadra upgraded Equifax Inc. (NYSE:EFX) to Outperform from Sector Perform and raised the price target to $300 (an upside of 25%), from $294. The analyst notes that the company's mortgage exposure has now been baked into investor expectations following the stock's relative underperformance compared to peers. Related: Baird Upgrades Equifax, Views Current…

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Benzinga's Top Ratings Upgrades, Downgrades For January 28, 2022

RBC Capital Cuts Meta Platforms Price Target By 3.6% - Read Why

RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $400 from $415 but reiterated an Outperform rating on the shares. The price target implies an upside of 32%. The analyst says the data with 26 agency and ad network channel contacts related to overall spending trends are "mixed." Erickson…

RBC Capital Sees 'Attractive Entry-Point' In Charter Communications

RBC Capital analyst Kutgun Maral upgraded Charter Communications Inc (NASDAQ:CHTR) to Outperform from Sector Perform with a price target of $690, down from $770, implying an upside of 20%. The analyst contends that the competitive threats to cable operators across broadband with telco fiber and fixed wireless assigned by the Street's negativity has become "too…

Comcast Shares Gain On RBC Capital Rating Upgrade

RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp (NASDAQ:CMCSA) to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18%. Cahall stated that the recent 19% sell-off since early August is overdone. "While we acknowledge that telco fiber and fixed wireless will pressure Comcast's fundamentals, our analysis…

RBC Capital Upgrades This Multinational Corporation

RBC Capital analyst Sebastian Kuenne upgraded ABB Ltd (NYSE:ABB) to Outperform from Sector Perform with a price target of CHF 41, up from CHF 30. The "leaner" company is in "far better position" to capture value in the electrification of transport and in the automation of industries, mentions the analyst. Kuenne adds that while Q4…

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