Streetbeat News

Analyst Ratings

BC

Truist Securities and KeyBanc Capital Markets analysts have reiterated their ratings on Brunswick Corporation (NYSE:BC) following the company's investors' day. Truist's Michael A. Swartz maintains a Buy rating with a $100 price target, despite lowering 2023/2024 EPS estimates due to market volatility and uncertainty around 2024 earnings. KeyBanc's Noah Zatzkin maintains a Sector Weight rating, also lowering EPS estimates for 2023/2024 due to persistent marine channel pressures and weaker engine/Navico orders. BC shares are trading higher by 1.99% to $77.79.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 6:40 pm

HL

Roth MKM analyst Joe Reagor has reiterated a Neutral rating on Hecla Mining Company (HL), lowering the price target from $4.50 to $4.00 due to the greater than expected damage caused by a fire at the Lucky Friday Mine. The mine will not resume production this year, and all production from August to the end of 2023 has been removed from the model. The company has $50 million in property insurance to cover the damage and business interruption. FY23 revenue estimates have been cut to $711.5 million from $770.2 million.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 6:32 pm

SYK

Stryker's (NYSE:SYK) short percent of float has risen 18.18% since its last report, with 3.23 million shares sold short, which is 0.91% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Stryker has less short interest as a percentage of float (3.35%).

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:30 pm

ED

Consolidated Edison's (NYSE:ED) short percent of float has fallen 7.87% since its last report, with 5.99 million shares sold short, which is 2.34% of all regular shares available for trading. This decrease in short interest could indicate a more bullish sentiment towards the stock. However, compared to its peers, Consolidated Edison has a higher short interest as a percentage of float (1.99%).

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:30 pm

APD

Air Products & Chemicals's (NYSE:APD) short percent of float has fallen 6.82% since its last report, with 1.83 million shares sold short, which is 0.82% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards APD. Compared to its peers, APD has less short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:30 pm

CART

Instacart (NASDAQ:CART) made its public debut with shares opening at $42, 40% above its IPO pricing of $30 per share. The company was valued at $14 billion, up from its previous valuation of $10 billion. However, Josh Brown from Ritholtz Wealth Management suggests investors sell on the pop, anticipating a lot of selling pressure in the short term.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 6:27 pm

KNTE

Kinnate Biopharma Inc (NASDAQ:KNTE) has prioritized its exarafenib combination, KIN-8741, and discovery efforts around its CDK4 selective program, while also implementing a corporate restructuring that reduces its workforce by 70%. Piper Sandler downgraded the stock from Overweight to Neutral with a price target of $4, down from $20. Wedbush also downgraded the stock to Neutral and cut the price target from $14 to $2. Despite these setbacks, William Blair maintains an Outperform rating, citing the company's promising platform for small-molecule kinase inhibitors in precision oncology.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 6:20 pm

GMED

Stifel analyst Mathew Blackman has upgraded Globus Medical, Inc. (GMED) to Buy from Hold, lowering the price target to $61 from $65. Despite the pessimistic market sentiment following the NUVA transaction, Blackman believes GMED is a 'best-in-class' Spine company and should get more credit. He also raised the revenue estimate for FY23 and FY24. GMED shares are trading higher by 3.03%.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 6:16 pm

TTE

TotalEnergies's (NYSE:TTE) short percent of float has fallen 7.14% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.13 million shares sold short, which is 0.13% of all regular shares available for trading. Compared to its peers, TotalEnergies has less short interest.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:15 pm

ASML

ASML Holding's short percent of float has risen 11.43% since its last report, with 1.55 million shares sold short, which is 0.39% of all regular shares available for trading. It would take traders 1.8 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. ASML Holding's peer group average for short interest as a percentage of float is 6.51%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:15 pm