Streetbeat News

Analyst Ratings

FTS

Credit Suisse analyst Andrew Kuske has maintained a Neutral rating on Fortis (NYSE:FTS) and lowered the price target from C$61.5 to C$60.5.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:07 pm

ARKF

ARKK

ARKW

BLK

COIN

GBTC

Ark Invest Founder Cathie Wood believes that the price of Bitcoin will rise and could hit $1 million by 2030. She suggests that the approval of Bitcoin ETFs could increase demand for Bitcoin. Coinbase Global Inc is a top holding in the Ark Innovation ETF, Ark Next Generation Internet ETF, and the Ark Fintech Innovation. Wood also highlighted the importance of Coinbase’s partnership with BlackRock Inc for the cryptocurrency sector. The Grayscale Bitcoin Trust is also a top holding in the Ark Next Generation Internet ETF.

Portfolio Pulse from Chris Katje

August 24, 2023 | 7:07 pm

ALAR

Alliance Global Partners analyst Brian Kinstlinger has maintained a 'Buy' rating on Alarum Technologies (NASDAQ:ALAR) and raised the price target from $6.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:03 pm

XOM

Exxon Mobil's (NYSE:XOM) short percent of float has risen 18.31% since its last report, with 33.53 million shares sold short, which is 0.84% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Exxon Mobil's peer group average for short interest as a percentage of float is 1.59%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm

APD

Air Products & Chemicals's (NYSE:APD) short percent of float has fallen 7.37% since its last report, with 1.96 million shares sold short, which is 0.88% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, APD has less short interest.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm

LHX

L3Harris Technologies's (NYSE:LHX) short percent of float has risen 12.09% since its last report, with 1.93 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 1.42 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. L3Harris Technologies's peer group average for short interest as a percentage of float is 3.03%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm

INSP

Analysts have provided bullish ratings for Inspire Medical Systems (NYSE:INSP) within the last quarter. The average price target of $346.17 implies an upside from the current price of $216.845. This average has increased by 5.89% from the previous average price target of $326.90.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm

WSM

RBC Capital analyst Steven Shemesh has maintained an 'Outperform' rating on Williams-Sonoma (NYSE:WSM) and raised the price target from $143 to $150.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:59 pm

AGEEF

CGC

A new report by IMARC Group projects a 20.12% CAGR growth for the medical cannabis market in Africa from 2023 to 2028. The growth is driven by legalization, increased awareness, a rising elderly population, and research initiatives. Key players in the market include AgriPharma Pty LTD., Bophelo Bioscience & Wellness (Pty) Ltd., Halo Labs Inc., and Canopy Growth Corporation.

Portfolio Pulse from Joana Scopel

August 24, 2023 | 6:57 pm

FL

Guggenheim analyst Robert Drbul maintains a Buy rating on Foot Locker (NYSE:FL) but lowers the price target from $50 to $23.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:57 pm