Streetbeat News

Analyst Ratings

CHRW

Credit Suisse analyst Ariel Rosa has maintained an 'Underperform' rating on C.H. Robinson Worldwide (NASDAQ:CHRW) and lowered the price target from $93 to $92.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 12:30 pm

PSFE

Credit Suisse analyst Timothy Chiodo has maintained an 'Underperform' rating on Paysafe (NYSE:PSFE) and raised the price target from $14.5 to $15.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 12:29 pm

FOA

Credit Suisse analyst Douglas Harter has reinstated Finance of America (NYSE:FOA) with a Neutral rating and announced a $2 price target.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 12:28 pm

CAH

Cardinal Health Inc (NYSE:CAH) reported better-than-expected Q4 earnings and raised its FY24 guidance. The company's Q4 adjusted EPS was $1.55, up 48% Y/Y, beating the consensus of $1.48. Sales increased 13% to $53.45 billion, beating the consensus of $52.41 billion. Following the earnings announcement, Mizuho and Baird analysts increased their price targets on Cardinal Health.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:27 pm

CHPT

CVS

NEE

OPEN

VLRS

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', expressed his views on several stocks. He mentioned that Opendoor Technologies is not making any money and he can't support it. He noted that money is moving from NextEra Energy to Constellation Energy Corp, but he expects this to reverse. He commented that CVS Health Corporation is fine but not great due to shrinkage and pilferage. He also mentioned that ChargePoint Holdings is losing too much money and he doesn't want to touch it. Lastly, he expressed his disinterest in Controladora Vuela Compañía de Aviación due to its big run and the retreat of most airlines.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:24 pm

A

Agilent Technologies reported better-than-expected Q3 earnings but lowered its full-year guidance. The company's shares lost 2.6% in pre-market trading. Analysts from Barclays, Credit Suisse, and Baird have revised their price targets for Agilent following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:13 pm

BA

EADSY

Boeing Co has appointed Alvin Liu, a Chinese-born executive, as the head of its China unit amidst ongoing Sino-US tensions. This move is significant as China accounts for about a quarter of global aircraft imports. Liu joined Boeing in 2022 from the auto industry. Boeing estimates that China will require 8,500 new airplanes and $550 billion in commercial services in the next 20 years. Both Boeing and Airbus SE now have China-born top executives for the region.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 12:11 pm

FTNT

MAR

PYPL

Josh Brown of Ritholtz Wealth Management advised against investing in PayPal Holdings, Inc. (NASDAQ:PYPL), calling it a 'huge value trap'. Stephanie Link of Hightower recommended buying Fortinet, Inc. (NASDAQ:FTNT) shares, despite the company's weak guidance. Joseph Terranova of Virtus Investment Partners disagreed with the recent downgrade of Marriott International, Inc. (NASDAQ:MAR) and recommended it as his final trade.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:09 pm

NVTS

Baird analyst Tristan Gerra maintains an Outperform rating on Navitas Semiconductor (NASDAQ:NVTS) and raises the price target from $10 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:07 pm

TGT

Telsey Advisory Group analyst Joseph Feldman has reiterated an 'Outperform' rating on Target (NYSE:TGT) and maintained a price target of $165.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 12:06 pm