Streetbeat News

Analyst Ratings

VSCO

B of A Securities analyst Lorraine Hutchinson maintains a Buy rating on Victoria's Secret (NYSE:VSCO) but lowers the price target from $30 to $25.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:52 pm

VEEV

B of A Securities analyst Brad Sills maintains a Neutral rating on Veeva Systems (VEEV) and raises the price target from $200 to $220.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:51 pm

ARKF

ARKW

DIS

DKNG

GENI

PDYPY

PENN

Cathie Wood, CEO of Ark Invest, has shared her views on the sports betting industry, particularly focusing on DraftKings Inc (DKNG) and Penn Entertainment (PENN). Wood believes that the ESPN Bet sportsbook, a result of a licensing deal between PENN and The Walt Disney Company (DIS), will not take significant market share from DraftKings or FanDuel, owned by Flutter Entertainment (PDYPY). Ark Invest holds stakes in DraftKings and Genius Sports (GENI), both of which are significant positions in Ark's ETFs, ARKF and ARKW.

Portfolio Pulse from Chris Katje

August 31, 2023 | 3:50 pm

FIVE

Truist Securities analyst Scot Ciccarelli has maintained a 'Buy' rating on Five Below (NASDAQ:FIVE) but lowered the price target from $222 to $201.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:48 pm

MCFT

Truist Securities analyst Michael Swartz has maintained a 'Hold' rating on MasterCraft Boat Hldgs (NASDAQ:MCFT) but lowered the price target from $28 to $23.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:48 pm

JNJ

A significant number of investors have taken a bearish stance on Johnson & Johnson (NYSE:JNJ), with 83% of recent trades indicating bearish expectations. The majority of these trades are puts, totaling $1,617,367, compared to $105,534 in calls. The targeted price range for JNJ over the last 3 months is $120.0 to $210.0. The current price of JNJ is down -1.26% at $161.67. Analysts from Morgan Stanley, Cantor Fitzgerald, Atlantic Equities, and Wells Fargo have maintained their ratings on JNJ, with price targets ranging from $170 to $215.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 3:48 pm

SQ

A large investor has taken a bullish stance on Block (NYSE:SQ), with 10 uncommon options trades spotted. The sentiment of these traders is split 50% bullish and 50% bearish. The trades include 5 puts totaling $203,321 and 5 calls totaling $346,062. Whales have been targeting a price range from $45.0 to $310.0 for Block over the last 3 months. Several financial institutions have downgraded their ratings on Block, but maintain price targets above the current price of $58.06.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 3:47 pm

CRM

Truist Securities analyst Terry Tillman maintains a 'Buy' rating on Salesforce (NYSE:CRM) and raises the price target from $250 to $275.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:47 pm

CTLT

B of A Securities analyst Derik De Bruin maintains an 'Underperform' rating on Catalent (NYSE:CTLT) and raises the price target from $39 to $46.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:45 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight, despite raising its price target from $8 to $9. Palantir CEO, Alexander Karp, also sold $10.99 million worth of Palantir stock options recently. The stock is down more than 8% at $14.92.

Portfolio Pulse from Erica Kollmann

August 31, 2023 | 3:43 pm