Streetbeat News

Analyst Ratings

NUE

Nucor's (NYSE:NUE) short percent of float has risen 5.73% since its last report, with 5.51 million shares sold short, which is 2.95% of all regular shares available for trading. It would take traders 4.15 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Nucor's peer group average for short interest as a percentage of float is 3.75%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

PHR

Raymond James has maintained its Outperform rating for Phreesia (NYSE:PHR) but lowered its price target from $40.00 to $30.00. Phreesia's shares are currently trading up 1.6% at $22.25 per share. A move to the new price target would represent a 34.83% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

CNX

Over the past 3 months, 5 analysts have published their opinion on CNX Resources (NYSE:CNX) stock. The average 12-month price target for CNX Resources has increased by 13.79% from the previous average price target of $17.40 to $19.8. The analysts' opinions are mixed with 3 being indifferent and 2 somewhat bearish.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

AMP

Ameriprise Financial's (NYSE:AMP) short percent of float has risen 20.31% since its last report, with 685 thousand shares sold short, which is 0.77% of all regular shares available for trading. It would take traders 1.8 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Ameriprise's short interest as a percentage of float is less than its peer group average of 3.12%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

ENB

CIBC has maintained its Outperformer rating for Enbridge (NYSE:ENB) and raised its price target from $63.00 to $64.00. Enbridge's shares are currently trading up 1.07% at $33.90 per share. A move to $64.00 would represent an 88.79% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

BROS

Dutch Bros (NYSE:BROS) has received one somewhat bullish and four indifferent analyst ratings in the last quarter. The average price target is $33.0, implying an upside from the current price of $26.8692. The average has not changed from the previous quarter.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

RRC

Truist Securities has maintained its Hold rating for Range Resources (NYSE:RRC) and increased its price target from $29.00 to $32.00. Range Resources' shares are currently trading down 1.88% at $31.88 per share. A move to $32.00 would represent a 0.38% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:00 pm

BAC

RJF

Bank of America Global Securities has expressed bullish sentiment on Raymond James Financial, citing its diversified profit model and resilience in fluctuating rate environments. Analyst Mark McLaughlin initiated Raymond James at a Buy with a $122 price target. Despite potential pitfalls such as broker migrations to the RIA channel, Bank of America sees a strong value proposition for Raymond James, including a wide range of products, services, and a competitive technology stack.

Portfolio Pulse from AJ Fabino

September 11, 2023 | 4:58 pm

TSX:MEG

RBC Capital analyst Greg Pardy maintains MEG Energy with a Sector Perform and raises the price target from C$24 to C$27.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:46 pm

AZO

AutoZone's (NYSE:AZO) short percent of float has risen 10.56% since its last report, with 360 thousand shares sold short, which is 1.99% of all regular shares available for trading. It would take traders 2.89 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. AutoZone's peer group average for short interest as a percentage of float is 12.38%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 4:45 pm