Streetbeat News

Analyst Ratings

AVGO

A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 42% bullish and 57% bearish. The whales have been targeting a price range from $370.0 to $1000.0 for Broadcom over the last 3 months. Several experts have given their ratings on Broadcom, with price targets ranging from $900 to $1000.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:30 pm

DHI

A significant bearish stance has been taken on D.R. Horton (NYSE:DHI) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 90% bearish and 10% bullish. The targeted price range for D.R. Horton over the last 3 months is from $110.0 to $125.0. The current price of DHI is down -5.06% at $114.1.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:30 pm

GE

A significant bearish stance has been taken on General Electric (NYSE:GE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $95.0 to $125.0 for GE over the last 3 months. Morgan Stanley maintains an Overweight rating on GE with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:30 pm

TOST

Toast Inc (NYSE:TOST) announced a management transition plan where CEO Chris Comparato will transition to a board role in January 2024, and current COO and Co-Founder Aman Narang will become CEO. Mark Hawkins will become Chairman of the Board. Piper Sandler analyst Brent Bracelin reiterated Toast with an Overweight and a $27 price target, stating that he does not expect investor sentiment on Toast to be meaningfully affected by the transition.

Portfolio Pulse from Anusuya Lahiri

September 05, 2023 | 5:30 pm

AXP

BFH

COF

DFS

SYF

RBC Capital Markets analyst Jon G. Arfstrom revised ratings and price targets for several credit card companies due to a changed near-term view of the industry. American Express Co (AXP) was upgraded to Outperform from Sector Perform with a price target of $200, up from $197. Synchrony Financial (SYF) and Bread Financial Holdings Inc (BFH) were downgraded to Sector Perform from Outperform with reduced price targets of $37 and $43, respectively. Price targets for Capital One Financial Corp (COF) and Discover Financial Services (DFS) were also cut. The analyst sees near-term risks from the CFPB's late fee proposal and potential sentiment risk from ongoing normalization of credit quality and spending trends.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 5:20 pm

ED

Mizuho analyst Anthony Crowdell has reiterated a Neutral rating on Consolidated Edison, Inc. (NYSE:ED), lowering the price target to $89 from $95. The company has entered into a joint proposal for its steam business, which includes a new weather normalization mechanism expected to stabilize ED's earnings. Crowdell expects the company's EPS to be $4.86 for FY23, $5.15 for FY24, and $5.44 for FY25.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2023 | 5:15 pm

DIS

Wells Fargo analyst Steven Cahall has maintained an Overweight rating on Walt Disney (NYSE:DIS) but lowered the price target from $146 to $110.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:07 pm

GS

HYG

LQD

Goldman Sachs' U.S. economist, Jan Hatzius, has reduced the U.S. recession risk to 15%, down 5 percentage points from their previous estimate. The bank's optimism is based on several factors including anticipated resurgence in household real disposable income by 2024, robust job growth, and increasing real wages. Goldman Sachs also expects the Federal Reserve to take a measured approach with a gradual rate cut cycle starting in Q2 2024. The bank's equity and credit strategists suggest that both investment-grade (IG) and high-yield (HY) bonds will offer excess returns in the upcoming period.

Portfolio Pulse from Piero Cingari

September 05, 2023 | 5:06 pm

SYK

Shares of Stryker Corp (NYSE:SYK) continued to rise after ending last week with gains. BofA Securities is optimistic about the company's margins and sees an opportunity for upside in 2024. Analyst Travis Steed upgraded Stryker from Neutral to Buy and raised the price target from $310 to $315. The company has several product launches planned which could boost its revenue growth by 100-200 basis points.

Portfolio Pulse from Priya Nigam

September 05, 2023 | 5:03 pm

BXP

JP Morgan analyst Anthony Paolone maintains an Underweight rating on Boston Properties (NYSE:BXP) and raises the price target from $62 to $66.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:03 pm