Streetbeat News

Analyst Ratings

GIS

Mizuho Securities analyst John Baumgartner has reiterated a Neutral rating on General Mills Inc (NYSE:GIS) and lowered the price target from $80 to $70. Despite challenges, the analyst believes GIS is on track for FY24 guidance due to modest revenue and profit upside and reduced corporate expenses. However, the analyst expects real momentum in FY25 due to strong reinvestment, on-trend innovation, and optimized promo campaigns. The EPS estimate for FY24 has been lowered to $4.49 from $4.52.

Portfolio Pulse from Shivani Kumaresan

September 21, 2023 | 6:58 pm

CELH

Roth MKM analyst Sean McGowan reiterated a Buy rating on Celsius Holdings, Inc. (NASDAQ:CELH), raising the price target to $220 from $180. Despite a recent drop in share price, McGowan sees no fundamental reason for the pullback. He notes that retail sales of Celsius's products have remained strong, growing more than 160% YoY. The analyst expects international sales to be the next big growth driver for the company, predicting more than 10% of total revenue in 2025 from outside the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 6:55 pm

GRNT

Zacks Inside Trader has picked Granite Ridge Resources (GRNT) as a stock to watch.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:54 pm

ORCL

Oracle's (NYSE:ORCL) short percent of float has risen 17.86% since its last report, with 15.45 million shares sold short, which is 0.99% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Oracle's short interest as a percentage of float is less than its peer group average of 5.26%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:45 pm

PRU

Prudential Financial's (NYSE:PRU) short percent of float has fallen 10.22% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.46 million shares sold short, which is 1.23% of all regular shares available for trading. Compared to its peers, Prudential Financial has less short interest.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:45 pm

NKE

Nike Inc (NYSE:NKE) is set to release its Q1 earnings for FY2024 on Sept. 28, with Wall Street expecting earnings of 74 cents per share on revenues of $12.99 billion. Despite shares being down nearly 22% this year, analysts from Oppenheimer and Stifel are optimistic about the company's future performance. Oppenheimer analyst Brian Nagel reiterated an Outperform rating on Nike with a $150 price target, while Stifel analyst Jim Duffy maintained a Buy rating with a $13 price target.

Portfolio Pulse from AJ Fabino

September 21, 2023 | 6:41 pm

LVS

A significant bullish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor, as indicated by a big position in the company's options. The sentiment among these big-money traders is split, with 54% bullish and 45% bearish. The whales have been targeting a price range from $28.0 to $55.0 for Las Vegas Sands over the last 3 months. Morgan Stanley has maintained their Overweight rating on Las Vegas Sands, with a price target of $68.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:32 pm

ANET

Arista Networks's (NYSE:ANET) short percent of float has risen 15.45% since its last report, with 3.56 million shares sold short, which is 1.42% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Arista Networks has less short interest as a percentage of float, with an average of 6.81%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:15 pm

GILD

Gilead Sciences's (NYSE:GILD) short percent of float has fallen 6.82% since its last report, indicating a more bullish sentiment towards the stock. The company has 18.25 million shares sold short, which is 1.64% of all regular shares available for trading. Compared to its peers, Gilead Sciences has less short interest.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:15 pm

BUD

Anheuser-Busch InBev's (NYSE:BUD) short percent of float has fallen 7.41% since its last report, with 4.29 million shares sold short, which is 0.25% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the company. Compared to its peers, Anheuser-Busch InBev has less short interest.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:15 pm