Streetbeat News

Analyst Ratings

PG

A significant bullish stance has been taken on Procter & Gamble (NYSE:PG) by a large investor or institution, as evidenced by a large position in the company's options. The sentiment among these big-money traders is split, with 54% bullish and 45% bearish. The targeted price range for Procter & Gamble over the last 3 months has been between $100.0 and $155.0. Citigroup has downgraded its action to Buy with a price target of $177, while Barclays maintains an Overweight rating with a price target of $160.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:47 pm

BLK

A significant bearish stance has been taken on BlackRock (NYSE:BLK) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $730.0 to $820.0 for BlackRock over the last 3 months. Several financial institutions including Morgan Stanley, Deutsche Bank, Citigroup, and JP Morgan have maintained their positive ratings on BlackRock.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:46 pm

HAL

Susquehanna analyst Charles P. Minervino has reiterated a Positive rating on Halliburton Company (NYSE:HAL), raising the price target to $44 from $42. Halliburton reported a 14.3% YoY revenue growth for Q2 FY23, reaching $5.798 billion. The results were driven by improved U.S. drilling activity, frac pricing, and margin expansion. Despite a moderate downtick in North American activity, robust international performance offset the losses. The analyst expects the international business to grow revenue and expand margins over the next few years due to global spending expectations and HAL's favorable market positioning.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 6:44 pm

ALLY

Ally Financial Inc (ALLY) reported mixed Q2 2023 earnings with revenues of $2.066 billion, missing the consensus of $2.090 billion, and adjusted EPS of $0.96, beating the consensus of $0.92. Several analysts adjusted their price targets and EPS estimates for the company. ALLY shares are trading lower by 2.55% at $28.91.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 6:42 pm

PANW

Palo Alto Networks's (NYSE:PANW) short percent of float has risen 9.4% since its last report, with 22.58 million shares sold short, which is 7.68% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 5.13%. Short interest can act as an indicator of market sentiment towards a particular stock.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:30 pm

IDXX

IDEXX Laboratories's (NYSE:IDXX) short percent of float has risen 6.16% since its last report, with 2.28 million shares sold short, which is 3.1% of all regular shares available for trading. It would take traders 4.93 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.25%.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:30 pm

TM

Toyota Motor's (NYSE:TM) short percent of float has risen 14.29% since its last report, with 1.10 million shares sold short, which is 0.08% of all regular shares available for trading. It would take traders 2.91 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Toyota Motor's peer group average for short interest as a percentage of float is 10.79%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:30 pm

DFLI

Chardan Research analyst Brian Dobson reiterated a Buy rating on Dragonfly Energy Holdings Corp (NASDAQ:DFLI) with a price target of $10. Dragonfly Energy has completed the pilot phase of a domestic production line for lithium-ion batteries, capable of producing 150 MWh of LiFePO4 battery cells per annum at 70 percent efficiency. The company's flexibility to construct solidstate batteries in the future and eligibility for government grants and subsidies are seen as positives. The company's technology is expected to disrupt legacy RV, maritime, and off-the-grid markets.

Portfolio Pulse from Shivani Kumaresan

July 20, 2023 | 6:08 pm

NVX

Zacks Small Cap Research has given Novonix a price valuation of $14.

Portfolio Pulse from Charles Gross

July 20, 2023 | 6:03 pm

BABA

A significant amount of unusual options activity has been observed for Alibaba Group Holding (NYSE:BABA), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is from $35.0 to $180.0. Several financial institutions have downgraded their ratings for Alibaba, with price targets ranging from $98 to $180. The company's next earnings report is expected in 14 days.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:02 pm