Streetbeat News

Analyst Ratings

BAC

Unusual options activity has been observed for Bank of America (NYSE:BAC), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 48 uncommon trades, with a sentiment split of 66% bullish and 33% bearish. The whales have been targeting a price range from $20.0 to $40.0 for Bank of America over the last 3 months. HSBC, Piper Sandler, and RBC Capital have given their expert opinions on the bank's stock.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

LEN

Lennar Corporation (NYSE:LEN) has seen unusual options activity, with a significant number of investors taking a bearish stance. Of the 21 strange trades detected, 52% were bearish and 47% bullish. The total amount for puts was $607,471 and for calls, $294,607. Whales have been targeting a price range from $110.0 to $120.0 for Lennar over the last 3 months. The current price of LEN is $113.0, down -0.12%. Analysts from BTIG, UBS, JP Morgan, Citigroup, and RBC Capital have maintained their ratings on Lennar.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

SQ

A significant bearish stance has been taken on Block (NYSE:SQ) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The price of SQ is down -1.64% at $44.87. Several financial institutions have downgraded their ratings on Block, with price targets ranging from $65 to $90. The next earnings are expected to be released in 41 days.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

H

Stifel analyst Simon Yarmak reiterated a Hold rating on Hyatt Hotels Corporation (NYSE:H), lowering the price target to $115 from $119. Hyatt has transformed into an asset-lite company and aims to reduce owned and leased real estate to 20% by late 2024. The company has multiple growth levers with a quality portfolio of brands and the largest relative pipeline. Group revenue for Q2 rose by around 14% YoY, aligning closely with 2Q19 figures. However, net debt to EV of 19.8% is slightly above the industry average of 19.2%. The analyst also lowered the EPS estimates for FY23, FY24, and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 6:39 pm

AMP

Ameriprise Finl Inc. (NYSE:AMP) shares are currently trading at $334.09, after a 0.93% decrease. Over the past month, the stock decreased by 0.01%, but over the past year, it spiked by 31.97%. The company's P/E ratio is 15.33, lower than the Capital Markets industry average of 42.11, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:30 pm

SBLK

Star Bulk Carriers Corp (SBLK) has entered into a Repurchase Agreement with OCM XL Holdings, LP (Oaktree Shareholders) to buy back 10 million of its shares at $18.50 per share. This will reduce Oaktree's holding from 25.2% to 17.2% and its Board representation from three seats to two. The deal is funded primarily with proceeds from prior ship sales. Jefferies analyst Omar Nokta reiterated a Buy rating on SBLK with a price target of $22 and raised 4Q23 and 2024 EPS estimates.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 6:21 pm

IKNA

Wedbush has initiated coverage on Ikena Oncology Inc (NASDAQ:IKNA) with an Outperform rating and a price target of $11. The company's lead asset, IK-930, a selective inhibitor of the transcriptional enhanced associate domain (TEAD), is currently being evaluated in a Phase 1 monotherapy study. Another promising asset is IK-595, a RAS pathway inhibitor. IKNA shares are up 12.14% at $4.6650.

Portfolio Pulse from Vandana Singh

September 22, 2023 | 6:16 pm

HWM

10 analysts have given their ratings on Howmet Aerospace (NYSE:HWM) over the last quarter. The average price target is $54.1, compared to the current price of $45.81, implying an upside. The average price target has increased by 10.41% over the past month.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:01 pm

UDR

UDR (NYSE:UDR) has received five somewhat bullish ratings, one indifferent rating, and no bearish ratings from analysts in the last quarter. The average price target is $44.42, representing an upside from the current price of $36.475. This average price target is a 2.91% decrease from the previous average price target of $45.75.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:00 pm

BKH

Black Hills (NYSE:BKH) has received two indifferent and two somewhat bearish ratings from analysts in the last quarter. The average price target is $58.0, which is higher than the current price of $53.8116. However, this average has decreased by 7.2% from the previous average price target of $62.50.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:00 pm