Streetbeat News

Analyst Ratings

DHI

Over the past 3 months, 15 analysts have published their opinion on D.R. Horton (NYSE:DHI) stock. The average price target is $142.73, implying an upside from the current price of $118.87. The current average has increased by 11.18% from the previous average price target of $128.38.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 6:00 pm

BCYC

B. Riley Securities analyst Kalpit Patel has upgraded Bicycle Therapeutics (NASDAQ:BCYC) from Neutral to Buy, while maintaining the price target at $33.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:58 pm

FDX

UPS

Morgan Stanley analyst Ravi Shanker has reiterated an Equal-weight rating on FedEx Corp (FDX) shares and raised the price target from $186 to $200. The analyst expects F1Q24 to come in just above consensus at the EBIT level and estimated an adjusted EPS of $3.69. The analyst believes FedEx will benefit from disruptive events in the quarter, such as UPS labor negotiations and the Yellow Chapter 11 filing. However, the analyst does not believe the parcel environment has accelerated materially.

Portfolio Pulse from Shivani Kumaresan

September 11, 2023 | 5:49 pm

BX

A significant amount of unusual options activity has been observed for Blackstone (NYSE:BX), with a majority of investors taking a bearish stance. The targeted price range for Blackstone over the last 3 months has been between $70.0 and $200.0. The current price of BX is up 1.54% at $114.41, with RSI indicators suggesting the stock may be overbought. Morgan Stanley has downgraded its action to Overweight with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:46 pm

TEVA

Teva Pharmaceutical's shares are trading higher after the company's presentation at the Morgan Stanley 21st Annual Global Healthcare Conference 2023.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 5:34 pm

CMG

A significant amount of unusual options activity has been observed for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance taken by a whale investor. Of the 21 strange trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $1,099,330 and for calls was $429,492. The targeted price range for the last 3 months was from $1040.0 to $2320.0. The current price of CMG is down -0.19% at $1941.4. Wedbush has downgraded its action to Outperform with a price target of $2200.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:31 pm

MELI

A significant number of investors have taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 68% of detected trades showing bearish expectations. The targeted price range for MELI over the last 3 months is from $940.0 to $1800.0. The current price of MELI is down -1.23% at $1410.64. New Street Research, UBS, and Wedbush have given price targets of $1650, $1700, and $1500 respectively.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:31 pm

JPM

SPY

JP Morgan's CEO has expressed a more cautious outlook on the economic environment than others. He also suggested that the lower level of stock buybacks could continue until the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:28 pm

XOM

Exxon Mobil's (NYSE:XOM) short percent of float has risen 3.57% since its last report, with 34.65 million shares sold short, which is 0.87% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Exxon Mobil's peer group average for short interest as a percentage of float is 1.62%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:15 pm

TJX

TJX Companies's short percent of float has risen 29.51% since its last report, with 9.11 million shares sold short, which is 0.79% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, TJX Companies's peer group average for short interest as a percentage of float is 14.41%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:15 pm