Streetbeat News

Analyst Ratings

BABA

A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a bearish stance being taken by a majority of investors. Of the 93 unusual trades detected, 60% were bearish and 39% bullish. The total amount for puts was $4,817,476 and for calls was $1,870,425. Whales have been targeting a price range from $30.0 to $265.0 for Alibaba over the last 3 months. Susquehanna has downgraded its action to Positive with a price target of $160.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:15 pm

CRM

Salesforce has been recruiting back former executives to help reignite growth. The company has brought back at least eight executives this year, including Ariel Kelman, former marketing executive at Amazon Web Services and Oracle, and Miguel Milano, who led sales in major international markets for Salesforce. The company is revamping its strategy around sales and marketing after cutting 10% of its workforce this year. Salesforce's stock has risen 62% this year, double the gains for the Nasdaq, despite a challenging economy and slowing growth.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:14 pm

MUR

Murphy Oil (NYSE:MUR) has received various analyst ratings in the last quarter, with 2 bullish, 3 somewhat bullish, and 4 indifferent. Over the past 3 months, 9 analysts have offered 12-month price targets for Murphy Oil, with an average price target of $49.11, an increase of 7.34% from the previous average price target of $45.75.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:01 pm

OXY

Over the last quarter, Occidental Petroleum (NYSE:OXY) has received various analyst ratings. The average price target is $69.6, compared to its current price of $66.165, implying an upside. However, this average represents a 0.57% decrease from the previous average price target of $70.00.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:00 pm

SCHW

Analysts have provided various ratings for Charles Schwab (NYSE:SCHW) within the last quarter, with a majority leaning towards bullish or somewhat bullish. The average 12-month price target for Charles Schwab is $71.75, which has increased by 5.41% over the past month.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:00 pm

SM

SM Energy (NYSE:SM) has received a mix of bullish and indifferent ratings from analysts in the last quarter. The average price target set by these analysts is $45.43, which is higher than the current price of $39.53, implying an upside. The average price target has increased by 8.92% over the past month.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:00 pm

BN

Brookfield's (NYSE:BN) short percent of float has risen 11.67% since its last report, with 19.82 million shares sold short, which is 1.34% 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, Brookfield has less short interest as a percentage of float, which is 3.01% on average.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:00 pm

AEP

American Electric Power (NASDAQ:AEP) has received 9 bullish and no bearish ratings from analysts in the last quarter. The company's average 12-month price target is $95.33, a 6.19% decrease from the previous average of $101.62.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:00 pm

KVUE

Kenvue's (NYSE:KVUE) short percent of float has fallen 78.25% since its last report, with 20.42 million shares sold short, which is 10.28% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, Kenvue's short interest as a percentage of float is higher than its peer group average of 6.58%.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:00 pm

NSC

Norfolk Southern's (NYSE:NSC) short percent of float has risen 3.57% since its last report, with 2.63 million shares sold short, which is 1.16% of all regular shares available for trading. It would take traders 2.61 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Norfolk Southern's peer group average for short interest as a percentage of float is 0.82%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 8:00 pm