Streetbeat News

Analyst Ratings

GM

A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 53% of investors opening trades with bearish expectations. The majority of spotted trades are puts, totaling $874,800, while calls total $69,214. Whales have been targeting a price range from $26.0 to $45.0 for GM over the last 3 months. UBS has upgraded its action to Buy with a price target of $44.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

OHI

Over the past three months, eight analysts have published their opinions on Omega Healthcare Invts (NYSE:OHI) stock. The average price target is $34.06, which is higher than the current price of $33.23. The current average has increased by 5.61% from the previous average price target of $32.25.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

DVN

A significant bearish stance has been taken on Devon Energy (NYSE:DVN) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish. The whales have been targeting a price range from $46.5 to $60.0 for Devon Energy over the last 3 months. Citigroup, Wells Fargo, and Mizuho have maintained their Buy and Equal-Weight ratings on Devon Energy, with price targets of $55, $51, and $62 respectively.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

RBC

Over the past 3 months, 6 analysts have published their opinion on RBC Bearings (NYSE:RBC) stock. The average 12-month price target for RBC Bearings is $263.5, with a high of $294.00 and a low of $235.00. The average price target has increased by 3.01% over the past month.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

CFG

Over the past 3 months, 15 analysts have published their opinion on Citizens Financial Group (NYSE:CFG) stock. The average price target is $33.27, implying an upside from the current price of $25.97. This average has decreased by 0.69% from the previous average price target of $33.50.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

COLB

In the last quarter, 6 analysts have provided ratings for Columbia Banking System (NASDAQ:COLB), with 1 bullish, 2 somewhat bullish, and 3 indifferent. The company has an average 12-month price target of $24.83, a decrease of 6.3% from the previous average price target of $26.50.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

CADE

Over the past 3 months, 8 analysts have published their opinion on Cadence Bank (NYSE:CADE) stock. The analysts have an average price target of $24.5 versus the current price of Cadence Bank at $21.12, implying an upside. The current average has increased by 0.86% from the previous average price target of $24.29.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

RKLB

Stifel analyst Erik Rasmussen has reiterated a Buy rating on Rocket Lab USA, Inc. (RKLB) but lowered the price target to $10 from $11 following a recent satellite mission mishap. The company has reduced its Q3 FY23 financial outlook, with revenues expected to be impacted by roughly $22.5 million in 2023. Despite this, the analyst is encouraged by the limited impact on gross margins and ongoing cost optimization efforts.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 7:00 pm

MSFT

WEC

RBC Capital Markets analyst Shelby Tucker initiated coverage of WEC Energy Group Inc with a Sector Perform rating and a price target of $95. The analyst sees growth opportunities in Wisconsin, led by the push for electrification and decarbonization. Microsoft Corp's investment in data centers in Wisconsin is expected to offer incremental investment opportunities for WEC over the medium term. However, WEC's increased usage of parent debt to ~30% could weigh on the FFO/debt ratio.

Portfolio Pulse from Lekha Gupta

September 27, 2023 | 6:58 pm

FOX

FOXA

Former Vice President Mike Pence, a Republican candidate for the 2024 presidential race, has criticized the Federal Reserve and its Chairman Jerome Powell. Pence stated that if elected, he would replace Powell, who has been Chairman since 2018 and was recently reappointed by President Joe Biden for a term until May 2026. Pence criticized the Fed's policies and blamed them for the current inflation rate of 17%. He also stated that he would end the dual mandate of the Federal Reserve, focusing it solely on protecting the integrity of the dollar.

Portfolio Pulse from Chris Katje

September 27, 2023 | 6:54 pm