Streetbeat News

Analyst Ratings

ROST

Ross Stores's (NYSE:ROST) short percent of float has fallen 5.98% since its last report, with 3.14 million shares sold short, which is 1.1% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Ross Stores's short interest as a percentage of float is lower than its peer group average of 14.80%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 3:15 pm

ANET

Arista Networks (NYSE:ANET) has seen a 21.66% decrease in its short percent of float since its last report, with 3.09 million shares sold short, representing 1.23% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the company. Compared to its peers, Arista Networks has less short interest, with the average for its peer group being 6.70%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 3:15 pm

OTIS

Otis Worldwide's (NYSE:OTIS) short percent of float has fallen 12.38% since its last report, with 3.78 million shares sold short, which is 0.92% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Otis Worldwide has less short interest as a percentage of float, with an average of 3.30%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 3:15 pm

AAPL

ACHR

TSLA

Ark Invest CEO Cathie Wood reaffirmed her $2,000 price target for Tesla Inc (NASDAQ:TSLA) by 2027, hinting at a potential future increase. Wood's confidence in Tesla's autonomous technology has grown, and she is impressed with the company's software upgrades. Despite Ark's bullish stance on Tesla, the firm has sold some Tesla shares to take profits and move funds to other companies, such as Archer Aviation (NYSE:ACHR). Wood also compared Tesla's decision to design its own chip for autonomous driving to Apple Inc's (NASDAQ:AAPL) strategy.

Portfolio Pulse from Chris Katje

September 05, 2023 | 3:15 pm

CBRL

CL King analyst Andrew Wolf maintains a 'Buy' rating on Cracker Barrel Old (NASDAQ:CBRL) but lowers the price target from $115 to $105.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 3:14 pm

ORCL

Oracle's stock has been upgraded from Equal-Weight to Overweight by Barclays, which also raised its price target from $126 to $150. This has resulted in Oracle shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 3:12 pm

XYL

Spruce Point Capital has reiterated its strong sell recommendation on Xylem, predicting a 30%-45% downside risk ($58.00-$74.00 per share) and expecting Xylem to underperform the S&P 500.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:09 pm

GRNT

Zacks Under $10 Newsletter has mentioned Granite Ridge Resources (GRNT) as a buy recommendation.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:06 pm

CXT

IEX

XYL

Xylem Inc. (NYSE:XYL) announced that CEO Patrick Decker will retire at the end of 2023 and will be succeeded by COO Matthew Pine from January 1, 2024. William Grogan, former CFO of IDEX Corporation, will take over as CFO from Sandra Rowland, effective October 1, 2023. The company reaffirmed its Q3 and full-year 2023 guidance.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:04 pm

PAYX

Over the past 3 months, 9 analysts have published their opinion on Paychex (NASDAQ:PAYX) stock. The average price target is $123.67, implying an upside from the current price of $121.46. The ratings are mixed with 2 somewhat bullish, 4 indifferent, and 3 somewhat bearish. The average price target has increased by 1.16% over the past month.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 3:01 pm