Streetbeat News

Analyst Ratings

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

TFC

Truist Finl's (NYSE:TFC) short percent of float has fallen 27.7% since its last report, with 20.42 million shares sold short, which is 1.54% of all regular shares available for trading. It would take traders 1.92 days to cover their short positions on average. Compared to its peers, Truist Finl has less short interest as a percentage of float, which is 4.80% on average.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 6:30 pm

DVN

Devon Energy's (NYSE:DVN) short percent of float has fallen 3.88% since its last report, with 13.85 million shares sold short, which is 2.48% of all regular shares available for trading. It would take traders 1.47 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 6.40% for its peer group.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 6:30 pm

TTE

TotalEnergies's (NYSE:TTE) short percent of float has risen 7.69% since its last report, with 3.29 million shares sold short, which is 0.14% of all regular shares available for trading. It would take traders 2.58 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. TotalEnergies's peer group average for short interest as a percentage of float is 1.73%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 6:30 pm

DBI

NKE

Telsey Advisory Group analyst Dana Telsey reiterated the Market Perform rating on Designer Brands Inc. (DBI) with a price target of $8. DBI is expected to report Q2 results on September 7. The analyst anticipates a total sales decline of 6.8% Y/Y to $801 million, driven by same-store sales contraction of 6.8%. The reintroduction of Nike, Inc. (NKE) products is expected to drive incremental revenue beginning in Q4.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 6:27 pm

COO

Cooper Companies (NYSE:COO) reported Q3 adjusted EPS of $3.35, slightly ahead of the consensus of $3.34, and Q3 sales of $930.20 million, up 10% Y/Y, beating the consensus of $899.75 million. The company sees FY24 adjusted EPS of $12.72-$12.90 compared to the consensus of $12.82, and revenue of $3.578-$3.595 billion versus the consensus of $3.55 billion. Analysts from William Blair and Needham expressed confidence in the company's potential for significant organic revenue growth.

Portfolio Pulse from Vandana Singh

August 31, 2023 | 6:19 pm

WEC

WEC Energy Group's short percent of float has risen 17.76% since its last report, with 4.36 million shares sold short, which is 1.79% of all regular shares available for trading. It would take traders 3.08 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. WEC Energy Group's peer group average for short interest as a percentage of float is 1.86%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 6:15 pm

PEG

Public Service Enterprise's (NYSE:PEG) short percent of float has risen 9.21% since its last report, with 7.34 million shares sold short, which is 1.66% of all regular shares available for trading. It would take traders 3.1 days to cover their short positions on average. The company's short interest is less than its peer group average of 1.87%.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 6:15 pm