Streetbeat News

Analyst Ratings

ETN

Eaton Corp's (NYSE:ETN) short percent of float has fallen 8.82% since its last report, with 3.72 million shares sold short, which is 0.93% 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, Eaton Corp has less short interest as a percentage of float, with an average of 10.97%.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 8:00 pm

ADI

A significant bearish stance has been taken on Analog Devices (NASDAQ:ADI) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 22% bullish and 77% bearish. The whales have been targeting a price range from $150.0 to $210.0 for Analog Devices over the last 3 months. The current price of ADI is $182.04, up 0.26%. Analysts from Morgan Stanley, UBS, Susquehanna, Raymond James, and Goldman Sachs have maintained their ratings on ADI with price targets ranging from $185 to $215.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:33 pm

ABCL

LLY

Benchmark analyst Robert Wasserman has reiterated a Buy rating on AbCellera Biologics Inc. (ABCL), but lowered the price target to $12 due to reduced valuations for other drug discovery stocks. AbCellera's shares have declined recently as royalties from sales of R&D partner Eli Lilly And Company's (LLY) COVID-19 antibody therapeutics have disappeared. However, the analyst notes that AbCellera has seven molecules in the clinical pipeline and the long-term prospects for new partnerships and royalty revenues look positive.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 7:18 pm

VEEV

A significant investor has taken a bearish stance on Veeva Systems (VEEV), with 80% of recent trades being bearish. The trades range from $195.0 to $230.0. The price of VEEV is up 8.05% at $208.09, but RSI indicators suggest it may be overbought. Analysts from Baird, UBS, RBC Capital, Raymond James, and Citigroup have maintained their ratings, with price targets ranging from $205 to $242.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:18 pm

ISRG

A significant bearish stance has been taken on Intuitive Surgical (NASDAQ:ISRG) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $200.0 to $350.0 for Intuitive Surgical over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $360.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:18 pm

WMS

Oppenheimer analyst Bryan F. Blair has reiterated an Outperform rating on Advanced Drainage Systems, Inc. (NYSE:WMS), raising the price target to $148 from $140. Blair highlighted the company's expanding partnerships and relationships with top homebuilders, broadening economic moats, and substantial earnings potential. The analyst expects revenues of $2.8 billion and an adjusted EPS of $5.72 for FY24, and revenues of $3 billion and an adjusted EPS of $6.30 for FY25.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 7:03 pm

COP

A significant investor has taken a bearish stance on ConocoPhillips (NYSE:COP), with 80% of recent trades being bearish. The whales have been targeting a price range from $105.0 to $125.0 for ConocoPhillips over the last 3 months. The current price of COP is $119.23, up 0.45%. RBC Capital, Truist Securities, Mizuho, Wells Fargo, and Jefferies have all provided their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:02 pm

TTD

Unusual options activity has been observed for Trade Desk (NASDAQ:TTD), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $40.0 to $90.0 for Trade Desk over the last 3 months. Several financial institutions have maintained their positive ratings on Trade Desk, with price targets ranging from $91 to $100.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:02 pm

THG

BMO Capital Markets analyst Michael Zaremski has upgraded The Hanover Insurance Group Inc (NYSE:THG) to Outperform from Market Perform rating with a price target of $126.00. The analyst expects the company's ROE to revert closer to 13% following a series of disappointing quarters. Zaremski also expects THG to witness a decline in policy growth in the coming 18 months. The analyst raised the EPS estimate to $11.53 for FY24 and $13.25 for FY25.

Portfolio Pulse from Lekha Gupta

August 31, 2023 | 7:00 pm

CHWY

Chewy Inc's Q2 FY23 results beat analyst estimates with sales growth of 14.3% YoY to $2.78 billion and an EPS of $0.15. However, several analysts lowered the price target on the company due to concerns about net add growth and a more price-conscious consumer. The stock is expected to remain range-bound until the investor day later this year. Despite these concerns, the company's Net Sales Per Active Customers (NSPAC) remains a strong growth driver.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 6:41 pm