From The Street of Dreams
$KKR: UBS lowered the firm’s price target on KKR to $122 from $123 and keeps a Buy rating on the shares.
$BX: UBS analyst Michael Brown lowered the firm’s price target on Blackstone to $116 from $122 and keeps a Neutral rating on the shares.
$APO: UBS lowered the firm’s price target on Apollo Global to $163 from $172 and keeps a Buy rating on the shares.
$WGO: Citi analyst James Hardiman lowered the firm’s price target on Winnebago to $24 from $29 and keeps a Neutral rating on the shares. The firm lowered estimates in the recreational vehicle group as part of a Q3 earnings preview. Retail weakness amid higher interest rates and gas prices will weigh on demand going into 2027, the analyst tells investors in a research note.
$FRPT: TD Cowen lowered the firm’s price target on Freshpet to $80 from $85 and keeps a Buy rating on the shares. The firm adjusted targets in the food, beverage and personal care space, saying that despite many large cap staples stocks trading close to five-year lows, the risk/rewards remain unfavorable. Big food sales have stabilized, but lack a clear path back to growth, the analyst tells investors in a research note. TD raised its non-alcoholic beverage sales forecast but says alcohol volumes remained weak through the summer.
$META: Truist analyst Youssef Squali raised the firm’s price target on Meta Platforms to $1,000 from $763 and keeps a Buy rating on the shares. The firm is adjusting its model with a rollover to its discounted cash flow derived valuation to FY27 from FY26 and also reflecting the expected contribution of Muse, offset by higher capital expenditure view, the analyst tells investors in a research note. Truist adds that it remains constructive on Meta heading into earnings, expecting results at the higher-end of guidance/consensus thanks to the company’s monetization and strong user engagement.
Positions: Short KKR S BX S APO S
