Streetbeat News

Analyst Ratings

AU

RBC Capital analyst Josh Wolfson has reiterated a 'Sector Perform' rating on Anglogold Ashanti (NYSE:AU) and maintained a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:59 pm

ADT

RBC Capital analyst Ashish Sabadra has reiterated a 'Sector Perform' rating on ADT (NYSE:ADT) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:58 pm

JBL

B of A Securities analyst Ruplu Bhattacharya maintains a Buy rating on Jabil (NYSE:JBL) and raises the price target from $126 to $130.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:55 pm

FL

NKE

URBN

Analyst Corey Tarlowe has downgraded the ratings for Urban Outfitters, Foot Locker, and Nike to a Hold, predicting sales headwinds due to potential curtailment of consumer spending in the U.S., particularly in apparel & footwear. Tarlowe also reduced the price targets for all three companies, citing various reasons such as top-line headwinds, slower than anticipated business turnaround, and macro headwinds in China.

Portfolio Pulse from Priya Nigam

September 25, 2023 | 3:53 pm

AMZN

COST

KR

TGT

Costco Wholesale Corporation (NASDAQ:COST) is expected to issue Q4 earnings of $4.79 on revenues of $77.86 billion. Analyst Joseph Feldman reiterated an Outperform rating on the stock with a $575 price target. Feldman is bullish about the transformative potential tech holds for the grocery sector, including advancements in in-store technologies, unified commerce, and supply chain automation. Costco, like Amazon.com, Inc (NASDAQ:AMZN), Kroger Co (NYSE:KR), and Target Corp (NYSE:TGT), is leveraging data and tech to monetize shopping insights, which is expected to be a multi-year source of profitability.

Portfolio Pulse from AJ Fabino

September 25, 2023 | 3:46 pm

INFY

Infosys's (NYSE:INFY) short percent of float has risen 14.74% since its last report, with 45.33 million shares sold short, which is 1.09% of all regular shares available for trading. It would take traders 7.63 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 2.26%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:45 pm

WFC

Wells Fargo's (NYSE:WFC) short percent of float has risen 7.5% since its last report, with 31.46 million shares sold short, which is 0.86% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 0.78%. Short interest can act as an indicator of market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:45 pm

TSX:ISV

RBC Capital analyst Paul Treiber has reiterated a 'Sector Perform' rating on Info Servs (TSX:ISV) and maintained a price target of C$25.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:45 pm

ABBV

AbbVie's (NYSE:ABBV) short percent of float has fallen 5.33% since its last report, indicating a decrease in bearish sentiment. The company has 12.45 million shares sold short, which is 0.71% of all regular shares available for trading. Compared to its peers, AbbVie has less short interest as a percentage of float, with an average of 3.63%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:45 pm

TSX:BTE

RBC Capital analyst Greg Pardy has reiterated an 'Outperform' rating on Baytex Energy (TSX:BTE) and maintained a C$8 price target.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:43 pm