Streetbeat News

Analyst Ratings

MO

Altria Group's (NYSE:MO) short percent of float has fallen 5.06% since its last report, with 13.33 million shares sold short, which is 0.75% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Altria Group's short interest as a percentage of float is less than its peer group average of 2.00%.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:30 pm

MCK

McKesson's (NYSE:MCK) short percent of float has risen 8.47% since its last report, with 1.73 million shares sold short, which is 1.28% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, McKesson's short interest as a percentage of float is less, with an average of 6.69%.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:30 pm

PGR

The short percent of float for Progressive (NYSE:PGR) has increased by 5.63% since its last report, with 4.38 million shares sold short, representing 0.75% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards Progressive. However, compared to its peers, Progressive has less short interest as a percentage of float, with the average being 1.65%.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:30 pm

TSVT

Guggenheim analyst Kelsey Goodwin has downgraded 2seventy bio (NASDAQ:TSVT) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:29 pm

TSVT

Traders are circulating a note from Guggenheim that downgrades the stock of 2seventy Bio.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:28 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) shares are trading lower, pulling back from recent strength. The stock had moved higher following NVIDIA's earnings report, but fell over 4% ahead of Adobe's Q3 earnings report. Analysts from BMO Capital and Wells Fargo raised their price targets on Adobe to $640 and $625 respectively.

Portfolio Pulse from Ryan Gustafson

September 12, 2023 | 7:23 pm

JNJ

Unusual options activity has been observed for Johnson & Johnson (NYSE:JNJ), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 69% bullish and 30% bearish. The whales have been targeting a price range from $135.0 to $195.0 for Johnson & Johnson over the last 3 months. The price of JNJ is up 0.51% at $163.49. Cantor Fitzgerald and Morgan Stanley have given an Overweight and Equal-Weight rating respectively, with price targets of $215 and $172.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:15 pm

VLO

Valero Energy (NYSE:VLO) has seen unusual options activity, with a significant bearish stance taken by a whale investor. Of the 13 strange trades detected, 38% were bullish and 61% were bearish. The total amount for puts was $139,180 and for calls was $1,099,040. The targeted price range for Valero Energy over the last 3 months has been $85.0 to $170.0. The current price of VLO is up 1.76% at $146.27. Wells Fargo, Mizuho, Goldman Sachs, and B of A Securities have maintained their ratings on Valero Energy.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:15 pm

AU

BMO Capital Markets analyst Raj Ray has upgraded AngloGold Ashanti Limited (NYSE:AU) to Outperform from Market Perform, raising the price target to $22 from $19. The analyst is optimistic about the company's corporate reorganization and new portfolio rationalization techniques. AngloGold's share price is down ~41% from its May 2023 peak, which presents a more attractive entry point. The analyst also raised FY23 and FY24 EPS estimates.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 7:09 pm

IAG

RBC Capital Markets analyst Wayne Lam has upgraded Iamgold Corporation (NYSE:IAG) to Sector Perform from Underperform, raising the price target to $2.75 from $1.75. The upgrade reflects improved near-term SCF and increased gold price forecasts. The Côté Gold project is expected to transform Iamgold's production profile, providing lower-cost output in Ontario. The analyst anticipates a 30%+ production growth into 2024 at ~15% lower AISC.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 7:05 pm