Streetbeat News

Analyst Ratings

Boeing's (NYSE:BA) short percent of float has fallen 3.15% since its last report, with 7.40 million shares sold short, which is 1.23% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Boeing. Compared to its peers, Boeing has less short interest as a percentage of float, with an average of 2.60%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:45 pm

ABT

A significant investor has taken a bearish stance on Abbott Laboratories (NYSE:ABT), with 60% of recent trades being bearish and 40% bullish. The trades indicate a target price range of $95.0 to $115.0 for Abbott Laboratories over the last 3 months. The current price of ABT is $100.62, down -0.05%. Next earnings are expected in 28 days.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:33 pm

MPC

A significant bearish stance has been observed in Marathon Petroleum's (NYSE:MPC) options trading. Out of 12 unusual trades, 91% were bearish. The total amount for puts was $295,863 and for calls, $157,134. Whales have been targeting a price range from $125.0 to $165.0 for Marathon Petroleum over the last 3 months. The current price of MPC is $153.68, up 1.01%. Analysts from Raymond James, B of A Securities, Wells Fargo, and Mizuho have maintained their ratings on Marathon Petroleum.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:33 pm

AMZN

Amazon plans to hire 250,000 logistics employees in the U.S. ahead of the holiday season, a 67% increase from 2022, signaling strong consumer demand. BofA Securities analyst Justin Post reiterated a Buy rating on Amazon with a price target of 174. The increased labor costs could represent $2.25 billion in Q4, up $1 billion from a year ago. Despite this, Post expects Amazon's Q4'23 gross profit to be up $12 billion Y/Y vs. Q4'22, more than enough to absorb the incremental labor costs.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 7:18 pm

SCHW

A significant investor has taken a bearish stance on Charles Schwab (NYSE:SCHW), with 53% of investors opening trades with bearish expectations. The whales have been targeting a price range from $40.0 to $65.0 for Charles Schwab over the last 3 months. Barclays and Raymond James have maintained their Equal-Weight and Outperform ratings on Charles Schwab, respectively, with price targets of $64 and $72.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:18 pm

LMT

A 'whale' investor has taken a bullish stance on Lockheed Martin (NYSE:LMT), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $400.0 to $500.0 for Lockheed Martin over the last 3 months. The price of LMT is up 1.11% at $430.01. Wells Fargo upgraded its action to Equal-Weight with a price target of $440.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:01 pm

MDB

A significant amount of bearish options activity has been observed for MongoDB (NASDAQ:MDB), with 76% of investors opening trades with bearish expectations. The targeted price range for MongoDB over the last 3 months is from $270.0 to $620.0. The current price of MDB is up 0.73% at $358.21. RBC Capital, Morgan Stanley, Argus Research, Piper Sandler, and Guggenheim have all provided their ratings and price targets for MongoDB.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:01 pm

IIPR

ISPR

JUSHF

LFLY

ROMJF

SBIG

SNDL

TRSSF

VFF

VRNOF

The second annual Benzinga Cannabis Awards finalists have been announced, with winners to be revealed at the Benzinga Cannabis Capital Conference in Chicago on September 27-28. The awards recognize leaders in the cannabis industry across various categories. Notable finalists include Rubicon Organics (OTC:ROMJF), SNDL (NASDAQ:SNDL), Village Farms (NASDAQ:VFF), Innovative Industrial Properties (NYSE:IIPR), TerrAscend (OTC:TRSSF), Verano Holdings (OTC:VRNOF), iSpire Technology (NASDAQ:ISPR), Jushi Holdings (OTC:JUSHF), Leafly Holdings (NASDAQ:LFLY), and Springbig (OTC:SBIG).

Portfolio Pulse from Javier Hasse

September 20, 2023 | 6:48 pm

AZO

AutoZone Inc (NYSE:AZO) reported better-than-expected Q4 FY23 earnings, with sales growth of 6.4% YoY to $5.69 billion, beating the consensus of $5.61 billion. EPS of $46.46 also beat the consensus of $45.12. Following the announcement, several analysts revised their price targets on AutoZone, with most raising their targets. AutoZone shares gained 4% to trade at $2,575.11 on Wednesday.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 6:30 pm

RVNC

Needham analyst Serge Belanger has reiterated a Buy rating on Revance Therapeutics, Inc. (RVNC), but lowered the price target from $40 to $35. This is due to RVNC discontinuing the Opul business, which is expected to lead to a non-cash impairment charge of $80 million-$100 million. The analyst also lowered the revenue estimate for FY23 and FY24. Despite this, Belanger expects Daxxify to be a blockbuster product with peak sales of $500MM in both aesthetics and therapeutics.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2023 | 6:29 pm