Streetbeat News

Analyst Ratings

DOOO

RBC Capital analyst Sabahat Khan maintains an Outperform rating on BRP (TSX:DOO) and raises the price target from C$141 to C$147.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:44 pm

ENB

CIBC analyst Robert Catellier has maintained an 'Outperformer' rating on Enbridge (TSX:ENB) and raised the price target from C$63 to C$64.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:43 pm

TSX:EMP

National Bank Financial Inc has maintained an 'Outperform' rating on Empire Co and raised the price target from C$41 to C$42.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:39 pm

RENT

Rent the Runway Inc (NASDAQ:RENT) shares continue to decline, losing almost 70% year to date. Despite reporting Q2 adjusted EBITDA above expectations, the company's revenue and subscriber growth disappointed. Analyst Dana Telsey downgraded the rating to Market Perform and cut the price target from $4 to $1. The company's low subscriber retention is attributed to a lack of inventory depth. The company plans to reduce promotional activity, pull back on marketing, drive cost efficiencies, and focus on rebuilding the higher-margin reserve business, which is expected to impact customer acquisition.

Portfolio Pulse from Priya Nigam

September 11, 2023 | 4:38 pm

EQX

National Bank Financial Inc's analyst Mike Parkin maintains a 'Sector Perform' rating on Equinox Gold (TSX:EQX) and lowers the price target from C$8.75 to C$8.5.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 4:37 pm

CNC

Centene's (NYSE:CNC) short percent of float has risen 4.03% since its last report, with 6.14 million shares sold short, which is 1.29% 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, Centene has less short interest as a percentage of float (3.27%).

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 4:30 pm

DEO

Diageo's (NYSE:DEO) short percent of float has fallen 9.09% since its last report, indicating a more bullish sentiment towards the stock. The company has 1.14 million shares sold short, which is 0.2% of all regular shares available for trading. Compared to its peers, Diageo has less short interest as a percentage of float, with an average of 3.74%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 4:30 pm

NVO

Novo Nordisk's (NYSE:NVO) short percent of float has risen 100.0% since its last report, with 2.05 million shares sold short, which is 0.12% 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, Novo Nordisk has less short interest as a percentage of float, which is 4.55% on average.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 4:30 pm

VLO

A significant amount of unusual options activity has been observed for Valero Energy (NYSE:VLO), with a predominantly bearish stance. Of the 23 strange trades detected, 30% were bullish and 69% were bearish. The total amount for puts was $78,730 and for calls was $6,296,383. Whales have been targeting a price range from $120.0 to $155.0 for Valero Energy over the last 3 months. Analysts have mixed ratings on the company, with price targets ranging from $128 to $162.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 4:16 pm

CSCO

A significant bearish stance has been taken on Cisco Systems (NASDAQ:CSCO) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $45.0 to $65.0 for Cisco Systems over the last 3 months. The current price of CSCO is $56.51, down by 0.28%. Various financial institutions have maintained their ratings on Cisco Systems with price targets ranging from $56 to $63.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 4:16 pm