Streetbeat News

Analyst Ratings

CCL

RCL

Cruise line operators have been under pressure due to rising operating expenses from soaring oil prices. However, Truist Securities analyst Patrick Scholes predicts a strong outlook for the industry in 2024 and 2025. Scholes upgraded the rating for Royal Caribbean Cruises Ltd (RCL) from Hold to Buy and raised the price target from $115 to $137. He also upgraded Carnival Corp (CCL) from Sell to Hold and lifted the price target from $16 to $17.

Portfolio Pulse from Priya Nigam

September 19, 2023 | 3:53 pm

CVNA

Carvana Co (NYSE:CVNA) shares are trading lower by 8.5% to $47.54. The shares are pulling back after gaining Monday when Wedbush upgraded the stock from Underperform to Neutral and raised its price target from $40 to $48. The ongoing United Auto Workers (UAW) strike is causing volatility in Carvana shares. The strike could potentially drive used car prices higher, benefiting Carvana's sales and revenues.

Portfolio Pulse from Henry Khederian

September 19, 2023 | 3:52 pm

BL

Truist Securities analyst Joe Meares has reiterated a 'Hold' rating on BlackLine (NASDAQ:BL) and maintained a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:52 pm

MRCY

Truist Securities analyst Michael Ciarmoli has reiterated a 'Buy' rating on Mercury Systems (NASDAQ:MRCY), maintaining a price target of $48.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:51 pm

MEOH

Raymond James has upgraded Methanex's stock from Market Perform to Outperform and raised its price target from $50 to $60. This has resulted in Methanex shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:51 pm

TEAM

Atlassian's (NYSE:TEAM) short percent of float has fallen 13.91% since its last report, with 3.08 million shares sold short, which is 2.29% of all regular shares available for trading. It would take traders 2.74 days to cover their short positions on average. The decrease in short interest could signal a more bullish sentiment towards the stock. Atlassian's short interest as a percentage of float is less than its peer group average of 3.26%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:45 pm

ETN

Eaton Corp's (NYSE:ETN) short percent of float has risen 22.58% since its last report, with 4.54 million shares sold short. This represents 1.14% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Eaton Corp's short interest as a percentage of float is less than its peer group average of 11.70%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:45 pm

ADI

Analog Devices's (NYSE:ADI) short percent of float has risen 17.31% since its last report, with 6.07 million shares sold short, which is 1.22% of all regular shares available for trading. This does not necessarily mean that the stock will fall in the near-term. Compared to its peers, Analog Devices has less short interest as a percentage of float, with an average of 3.57%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:45 pm

TSXV:SLI

Canaccord Genuity analyst Katie Lachapelle maintains a Speculative Buy rating on Standard Lithium (TSXV:SLI) but lowers the price target from C$8.5 to C$8.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:43 pm

TSX:CSH

National Bank Financial Inc's analyst Tal Woolley maintains an Outperform rating on Chartwell Retirement (TSX:CSH) and raises the price target from C$11.5 to C$12.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:41 pm