Streetbeat News

Analyst Ratings

PODD

Baird analyst Jeff Johnson has downgraded Insulet (NASDAQ:PODD) from Outperform to Neutral and lowered the price target from $320 to $219.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 9:05 am

GOLF

Jefferies analyst Randal Konik has upgraded Acushnet Hldgs (NYSE:GOLF) from Hold to Buy and raised the price target from $61 to $84.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 8:55 am

CCOI

Goldman Sachs analyst Brett Feldman has upgraded Cogent Comms Hldgs (NASDAQ:CCOI) from Sell to Neutral and raised the price target from $43 to $64.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 8:45 am

NVDA

Keybanc analyst John Vinh maintains an Overweight rating on NVIDIA (NASDAQ:NVDA) and raises the price target from $550 to $620.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 8:17 am

WST

Keybanc analyst Paul Knight maintains an Overweight rating on West Pharmaceutical Servs (NYSE:WST) and raises the price target from $385 to $415.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 8:12 am

WMS

Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Advanced Drainage Systems (NYSE:WMS) and raises the price target from $150 to $160.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 8:03 am

NVDA

SOXX

KeyBanc Capital Markets analyst John Vinh is optimistic about Nvidia Corp.'s (NASDAQ:NVDA) Q2 results, citing the company's unique position in monetizing AI trends and limited competitive risks. Vinh reiterated an 'overweight' rating and set a $620 price target for Nvidia. He expects the company's growth to continue in the second half, driven by accelerating AI demand trends and increased supply for high-performance chips. Vinh also anticipates limited impact from potential China export restrictions on data center GPUs. Nvidia's shares ended Friday's session down 0.10% at $432.99.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 7:36 am

MCHI

Former Treasury Secretary Larry Summers has warned that China's economic slowdown could pose a threat to the U.S. He believes that China, facing demographic challenges and stalling export growth, is unlikely to surpass the U.S. economy. The iShares MSCI China ETF (NASDAQ:MCHI) ended Friday’s session down 2.39% at $43.32.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 6:42 am

NDSN

Nordson Corporation (NASDAQ:NDSN) is expected to report lower Q3 earnings at $2.32 per share, down from $2.49 per share a year ago. The company's revenue might be $665.65 million, slightly up from $662.13 million in the year-ago period. Nordson shares fell 0.5% to close at $232.33 on Friday. Several analysts have recently updated their price targets for the company, with most maintaining positive ratings.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 4:23 am

BRK

COF

DHI

GOOGL

LEN

NVDA

NVR

OXY

Recent filings with the Securities and Exchange Commission reveal strategic shifts in the portfolios of Warren Buffett, Michael Burry, and Bill Ackman. Buffett's Berkshire Hathaway has invested in the housing industry, including Lennar Corp, NVR Inc, and DR Horton Inc, and expanded its footprint in Capital One and Occidental Petroleum. Michael Burry has taken a defensive stance on the S&P 500 and Nasdaq-100 indices, holding bearish put options valued at $1.6 billion. Bill Ackman has increased his focus on AI, with his Pershing Square fund acquiring a significant chunk of Alphabet Inc. Class C shares.

Portfolio Pulse from Bibhu Pattnaik

August 19, 2023 | 5:16 pm