Streetbeat News

Analyst Ratings

ZS

Zscaler's stock price is trading higher following Morgan Stanley's decision to raise its price target on the stock to $155.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 7:59 pm

DELL

A significant bullish stance has been taken on Dell Technologies (NYSE:DELL) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 61% bullish and 38% bearish. The targeted price range for Dell Technologies over the last 3 months has been from $57.5 to $75.0. The current price of DELL is up 1.17% at $69.3. Citigroup, UBS, Wells Fargo, and Daiwa Capital maintain a Buy or Overweight rating on Dell, with price targets ranging from $69 to $80.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 7:46 pm

BTI

British American Tobacco's (NYSE:BTI) short percent of float has fallen 23.53% since its last report, with 2.94 million shares sold short, which is 0.13% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, BTI has less short interest as a percentage of float, with an average of 2.38%.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 7:30 pm

TJX

TJX Companies' short percent of float has risen 7.89% since its last report, with 9.34 million shares sold short, which is 0.82% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, TJX Companies has less short interest as a percentage of float, with an average of 15.87%.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 7:30 pm

DXCM

DexCom's (NYSE:DXCM) short percent of float has fallen 5.26% since its last report, with 16.03 million shares sold short, which is 4.68% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, DexCom's short interest as a percentage of float is higher than its peer group average of 3.09%.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 7:30 pm

JBL

Stifel analyst Matthew Sheerin reiterated a Buy rating on Jabil Inc. (NYSE:JBL), raising the price target to $135 from $120. Jabil's Q4 FY23 revenue was $8.46 billion, slightly below the consensus estimate. The company's FY24 outlook includes growth in key segments such as auto/transport, industrial, healthcare, and cloud. Jabil plans to spend $2.5 billion in share repurchases, which is expected to drive double-digit EPS growth in FY24 and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 7:09 pm

CBOE

CME

Piper Sandler analyst Patrick Moley has reiterated an Overweight rating on Cboe Global Markets, Inc. (CBOE) and raised the price target to $174 from $160. The analyst expects CBOE to report its 5th consecutive record quarter for index options volumes and the 10th consecutive QoQ increase in volumes. CBOE shares are up 3.1% since the former CEO resigned, and the analyst suspects this is due to investors pricing in greater odds of a potential sale following the CEO's departure. CME Group Inc (CME) is considered the most likely acquirer if a sale occurs.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 7:07 pm

INGR

Oppenheimer analyst Kristen Owen initiated coverage on Ingredion Inc (NYSE:INGR) with an Outperform rating and a price target of $120. The analyst believes Ingredion's investments in health-conscious products will drive growth and revenue diversification. Owen expects the company's volume recovery to lag modestly but sees near-term affordability alignment facilitating margin expansion. The analyst estimates revenue and adjusted EPS of $8.4 billion and $8.91 for FY23, $8.7 billion and $9.60 for FY24, and $8.9 billion and $10.24 for FY25, respectively.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 7:04 pm

DFIN

Needham analyst Kyle Peterson has reiterated a Buy rating on Donnelley Financial Solutions, Inc. (DFIN), raising the price target to $65 from $56. Peterson applauds DFIN's transition from print to software, which has boosted margins and efficiency. Despite margin compression due to weaker capital markets activity, Peterson expects margins to improve steadily in FY24 and beyond. The analyst also raised FY23 and FY24 revenue estimates for DFIN.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 7:01 pm

AGCO

TRMB

Raymond James analyst Brian Gesuale upgraded Trimble Inc (TRMB) to Outperform from Market Perform, maintaining a price target of $65. The upgrade follows Trimble's joint venture deal with AGCO Corp to sell 85% interest in its Ag assets and technologies portfolio for $2.0 billion. The deal is expected to reduce Trimble's debt and enable a buyback capacity of about $700 million. The analyst also raised adjusted EPS and revenue estimates for FY23 and FY24.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 6:54 pm