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Analyst Ratings

AAPL

Apple Inc. (AAPL) shares are recovering from recent losses, despite being down 8% over the last thirty days. The 9th District U.S. Circuit Court of Appeals rejected an appeal in a case accusing Apple of sabotaging the performance of older iPhone models, clearing the way for a settlement estimated between $310 million and $500 million. Wedbush analyst Daniel Ives reiterated an Outperform rating and maintained a $230 price target on AAPL.

Portfolio Pulse from Erica Kollmann

August 18, 2023 | 7:25 pm

TENB

Stephens analyst Brian Colley initiated coverage on Tenable Holdings Inc (NASDAQ:TENB) with an Outperform rating and a price target of $60. Colley expects TENB to see continued growth due to its best-of-breed strategy, rising Tenable One adoption, asset coverage growth, OT security, cloud, and identity. He also sees attractive re-acceleration in topline growth above consensus expectations and solid valuation support given management's commitment to 2024 underlying FCF of $240 million-$250 million.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 7:25 pm

LEN

A large investor has taken a bullish stance on Lennar (NYSE:LEN), with 26 uncommon options trades spotted for the company. The sentiment of these big-money traders is split 50% bullish and 50% bearish. The trades include 18 puts for a total of $1,244,572 and 8 calls for a total of $580,859. The whales have been targeting a price range from $95.0 to $125.0 for Lennar over the last 3 months. The price of LEN is currently down -0.25% at $116.76.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:15 pm

IBM

A significant amount of bearish options activity has been observed for IBM (NYSE:IBM), with 75% of investors opening trades with bearish expectations. The targeted price range for IBM over the last 3 months has been $120.0 to $155.0. The current price of IBM is $141.12, up 0.33%. Analysts have mixed opinions, with price targets ranging from $135 to $160.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:15 pm

WFC

A significant bearish stance has been taken on Wells Fargo (NYSE:WFC) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $25.0 to $50.0 for Wells Fargo over the last 3 months. The current price of WFC is down -0.28% at $42.35. Morgan Stanley and Atlantic Equities have maintained their Overweight rating on Wells Fargo, with a price target of $52.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:15 pm

AMZN

ROST

TJX

BMO Capital Markets analyst Simeon Siegel reiterated an Outperform rating on Ross Stores, Inc. (ROST), raising the price target to $127 from $113. Siegel notes that ROST has been a prime beneficiary of the shift from department stores to off-price, and has proven insulated from Amazon's threat to retail. ROST recently reported Q2 sales up 5% YoY. The analyst raised FY23 and FY24 adjusted EPS and revenue estimates for ROST.

Portfolio Pulse from Nabaparna Bhattacharya

August 18, 2023 | 7:05 pm

WSM

Telsey Advisory Group analyst Cristina Fernández reiterated an Outperform rating on Williams-Sonoma, Inc. (NYSE:WSM), raising the price target to $146 from $135. The analyst expects a further softening in demand for home furnishings during Williams-Sonoma's 2Q23, with a predicted decline in comparable brand sales. However, the company's diverse product range could offset this dip. The analyst also expects the gross margin in 2Q23 to be significantly pressured by high supply chain costs.

Portfolio Pulse from Nabaparna Bhattacharya

August 18, 2023 | 7:01 pm

BILI

Analysts have provided various ratings for Bilibili (NASDAQ:BILI) within the last quarter, with 7 bullish, 4 indifferent, and no bearish ratings. The average price target for Bilibili is $33.18, representing a 20.74% decrease from the previous average price target of $41.86.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:00 pm

AMCX

Analysts have given AMC Networks (NASDAQ:AMCX) four somewhat bearish ratings in the last quarter. The average 12-month price target for the company has decreased by 28.12% from $16.00 to $11.5.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:00 pm

BHF

In the last quarter, Brighthouse Finl (NASDAQ:BHF) received indifferent ratings from 7 analysts. The company's average 12-month price target is $52.0, an increase of 4.29% from the previous average price target of $49.86.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:00 pm