Streetbeat News

Analyst Ratings

SHEL

Shell's (NYSE:SHEL) short percent of float has risen 90.0% since its last report, with 6.15 million shares sold short, which is 0.19% of all regular shares available for trading. It would take traders 1.38 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Shell's peer group average for short interest as a percentage of float is 1.72%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 2:30 pm

FSLR

UBS analyst Brian Reynolds maintains a Buy rating on First Solar (NASDAQ:FSLR) but lowers the price target from $280 to $270.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 2:29 pm

GATO

KR

LTRX

SMAR

Several US stocks traded higher on Friday, with Lantronix, Smartsheet, Smith & Wesson Brands, Gatos Silver, Guidewire Software, CymaBay Therapeutics, Seneca Foods, IonQ, Lifezone Metals, Aclaris Therapeutics, STAAR Surgical, Precision Drilling, and The Kroger Co. all recording gains. Notable movements include Lantronix's 26.3% jump following better-than-expected quarterly sales, Smartsheet's 14.1% rise after a Q2 earnings beat and strong guidance, and Gatos Silver's 13% increase after an upgrade from Canaccord Genuity. The Kroger Co. rose 4% following quarterly results and reaching an opioid settlement agreement.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 2:29 pm

ABM

UBS analyst Joshua Chan has maintained a Neutral rating on ABM Industries (NYSE:ABM) and lowered the price target from $50 to $42.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 2:27 pm

HHH

BWS Financial analyst Hamed Khorsand has maintained a 'Buy' rating on Howard Hughes Holdings (NYSE:HHH) but lowered the price target from $150 to $110.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 2:27 pm

ICE

UBS analyst Alex Kramm maintains a Buy rating on Intercontinental Exchange (NYSE:ICE) and raises the price target from $135 to $140.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 2:26 pm

AAPL

GS

QQQ

SPY

WMT

Walmart is reportedly cutting starting pay for new hires and not giving raises this year. This news has led to a breakout in Walmart's stock. Goldman Sachs is planning another round of job cuts, affecting up to 5% of employees. There is complacency about Apple becoming a pawn in U.S.-China geopolitics, and a chip breakthrough in China could pose a challenge to Apple. Early trade money flows are positive in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, as well as in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

September 08, 2023 | 2:25 pm

GIII

UBS analyst Mauricio Serna maintains a Neutral rating on G-III Apparel Group and raises the price target from $21 to $25.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 2:25 pm

FRSH

UBS analyst Taylor McGinnis maintains a Buy rating on Freshworks (NASDAQ:FRSH) and raises the price target from $23 to $27.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 2:23 pm

DOCU

UBS analyst Karl Keirstead maintains a 'Sell' rating on DocuSign (NASDAQ:DOCU) and raises the price target from $44 to $48.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 2:22 pm