Streetbeat News

Analyst Ratings

BAC

SPY

Bank of America's CFO has stated that the two major factors influencing the bank's performance in the upcoming quarter will be the markets and trading.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:16 pm

DELL

Evercore ISI has maintained an Outperform rating on Dell Technologies and raised its price target from $70 to $80. This has resulted in Dell's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:08 pm

MRNA

A whale investor has taken a bullish stance on Moderna (NASDAQ:MRNA), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $80.0 to $150.0 for Moderna over the last 3 months. The mean open interest for Moderna options trades today is 1422.43 with a total volume of 1,882.00. The price of MRNA is down -0.92% at $106.64.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 7:01 pm

EXPE

GEO

GNRC

Citron Research and Michael Burry have both shown interest in Geo Group Inc (NYSE:GEO), a company that owns and operates private prisons and mental health facilities. Citron expects GEO to benefit from the current migration challenges in the US. GEO's stock rose by over 5% following Citron's tweet. Burry, known for shorting stocks, is also long on GEO, with 600,000 shares in his holdings. Citron's investment thesis on GEO is based on the company's app 'SmartLINK', used by the US government to track immigrants.

Portfolio Pulse from Aaron Bry

September 11, 2023 | 6:34 pm

AZN

GMAB

JNJ

MRUS

AstraZeneca's Phase 3 FLAURA2 results for Tagrisso plus chemotherapy as a first-line treatment for EGFR mutant lung cancer showed significant benefits, setting a high bar for Johnson & Johnson's MARIPOSA Phase 3 trial. Genmab, which receives royalties on Rybrevant sales, and Merus, which has potential benefits from the development of petosemtamab, are also impacted by these developments.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 6:31 pm

WMT

A significant investor has taken a bearish stance on Walmart (NYSE:WMT), with 53% of recent trades being bearish and 46% bullish. The targeted price range for Walmart over the last 3 months has been $80.0 to $175.0. The current price of WMT is $164.0, up 0.14%, and RSI indicators suggest the stock may be approaching overbought. Analysts from Truist Securities, Citigroup, Stifel, Baird, and Goldman Sachs have maintained their ratings on Walmart, with price targets ranging from $167 to $182.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 6:31 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range from $470.0 to $580.0 for UnitedHealth Group over the last 3 months. HSBC has downgraded its action to Hold with a price target of $540.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 6:31 pm

JPM

JPMorgan Chase & Co. CEO Jamie Dimon has warned against overly optimistic projections for the U.S. economy, citing potential risks such as the withdrawal of central banks’ liquidity programs, the ongoing Ukraine conflict, and excessive global government spending. Despite the U.S. economy's resilience, Dimon voiced concerns and noted that JPMorgan has been buying back shares at a reduced pace, a trend that might persist into 2024.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 6:27 pm

BCYC

Bicycle Therapeutics announced an expedited development plan for BT8009, leading to a rise in its share prices. B. Riley Securities upgraded the stock from Neutral to Buy.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 6:24 pm

SMRT

SmartRent, Inc. (NYSE:SMRT) has responded to a recent short-seller report, calling it inaccurate and misleading. The report made negative conclusions based on RET Ventures' reduced holdings of SmartRent stock, which the company clarified was due to a series of pro rata, in-kind distributions typical of private venture funds. SmartRent maintains a close business relationship with RET and its limited partners remain SmartRent customers. The company stands by the security of its products and the value provided to property owners, managers, and residents.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 6:18 pm