Streetbeat News

Analyst Ratings

FCX

A significant bearish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The targeted price range for FCX over the last 3 months is $34.0 to $47.0. The current price of FCX is down -3.77% at $37.23. Morgan Stanley maintains an Equal-Weight rating on FCX with a price target of $44.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:31 pm

WMG

Warner Music Group (WMG) shares declined following Bertelsmann's decision to end its music distribution agreement with WMG's subsidiary, Alternative Distribution Alliance (ADA). Despite this, J.P. Morgan analyst Sebastiano Petti reiterated an Overweight rating on WMG with a price target of $40, and Truist analyst Matthew Thornton reiterated a Buy rating with a price target of $37. Both analysts are bullish on WMG's long-term growth prospects, citing factors such as paid streaming adoption, streaming price increases, and improved Emerging Streaming Platform monetization.

Portfolio Pulse from Anusuya Lahiri

September 21, 2023 | 8:31 pm

AMT

A significant bearish stance has been taken on American Tower (NYSE:AMT) with 93% of investors opening trades with bearish expectations. Of the total trades, 14 are puts amounting to $1,151,780 and 2 are calls amounting to $68,400. Whales have been targeting a price range from $155.0 to $220.0 for American Tower over the last 3 months. The price of AMT is down -4.56% at $169.32. Morgan Stanley maintains their Equal-Weight rating on American Tower with a price target of $212.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:17 pm

HUM

A significant amount of unusual options activity has been observed for Humana (NYSE:HUM), with a bearish stance being taken by a majority of investors. Of the 12 strange trades detected, 33% were bullish and 66% were bearish. The total amount for puts was $309,457 and for calls was $420,320. Whales have been targeting a price range from $445.0 to $620.0 for Humana over the last 3 months. Cantor Fitzgerald downgraded its action to Overweight with a price target of $597, while Morgan Stanley maintained their Overweight rating with a price target of $624.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:17 pm

INTU

A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $300.0 to $570.0 for Intuit over the last 3 months. The current price of INTU is down -3.67% at $504.37. Several financial institutions have maintained their ratings on Intuit, with price targets ranging from $528 to $575.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:17 pm

WDAY

Workday (NASDAQ:WDAY) has seen unusual options activity, with a majority of investors taking a bearish stance. Of the 11 strange trades detected, 72% were bearish and 27% bullish. The total amount for puts was $1,012,310 and for calls, $290,620. Whales have been targeting a price range from $175.0 to $270.0 for Workday over the last 3 months. The current price of WDAY is down -3.07% at $230.51. Analysts from DA Davidson, Loop Capital, Citigroup, Guggenheim, and Needham have maintained their ratings on Workday.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:03 pm

EOG

A whale investor has taken a bullish stance on EOG Resources (NYSE:EOG), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $55.0 to $134.2 for EOG Resources over the last 3 months. The price of EOG is currently down -2.39% at $122.5. Citigroup, Wells Fargo, Jefferies, and Mizuho have all maintained their Buy or Overweight ratings on EOG Resources, with price targets ranging from $144 to $157.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:02 pm

RACE

A significant bearish stance has been taken on Ferrari (NYSE:RACE) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. The targeted price range for Ferrari over the last 3 months has been $260.0 to $320.0. The current price of RACE is down -3.35% at $292.77. UBS maintains a Buy rating on Ferrari with a price target of $375, while Jefferies maintains a Hold rating with a price target of $300.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 7:46 pm

SBUX

A 'whale' investor has taken a bullish stance on Starbucks (NASDAQ:SBUX), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $70.0 to $100.0 for Starbucks over the last 3 months. The price of SBUX is currently down -1.7% at $93.55. TD Cowen has downgraded its action to Market Perform with a price target of $107.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 7:46 pm

SPRY

The FDA has issued a Complete Response Letter regarding ARS Pharmaceuticals Inc's New Drug Application for neffy, an EpiPen alternative. This has delayed the approval and launch of neffy in the U.S. Wedbush analysts remain bullish on the stock, but have cut the price target from $15 to $5. William Blair downgraded the stock to a Market Perform rating due to extended timelines and heightened risk.

Portfolio Pulse from Vandana Singh

September 21, 2023 | 7:38 pm