Streetbeat News

Analyst Ratings

EXPD

Over the last quarter, Expeditors Intl (NASDAQ:EXPD) has received 3 indifferent and 3 somewhat bearish ratings from analysts. The average 12-month price target for the company has increased by 9.19% to $104.17, with a high of $115.00 and a low of $84.00.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 8:00 pm

MAXN

SEDG

SPWR

Maxeon Solar Technologies (NASDAQ:MAXN) reported mixed Q2 results and issued Q3 and full-year 2023 revenue guidance below estimates. Despite beating analyst consensus on quarterly losses, the company missed on sales. Following the report, several analysts lowered their price targets on the stock. The company's stock had been trading lower, along with other solar stocks, due to weak preliminary Q2 results from Sunpower (NASDAQ:SPWR) and weak guidance from SolarEdge (NASDAQ:SEDG).

Portfolio Pulse from Ryan Gustafson

August 14, 2023 | 7:59 pm

BABA

A significant bearish stance has been taken on Alibaba Group Holding (NYSE:BABA) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $70.0 to $265.0 for Alibaba over the last 3 months. The price of BABA is currently down -2.12% at $93.7. Analysts from Citigroup, Baird, and Bernstein have maintained their ratings while Benchmark and Baird have downgraded their actions.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:46 pm

BHP

A whale investor has taken a bullish stance on BHP Group (NYSE:BHP), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $42.5 to $60.0 for BHP Group over the last 3 months. The price of BHP is currently down -2.06% at $57.74, and RSI indicators suggest that the stock may be approaching oversold. BHP's next earnings are expected to be released in 11 days.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:46 pm

DE

A whale investor has taken a bullish stance on Deere (NYSE:DE), with 66% of the investors opening trades with bullish expectations and 33% with bearish. The whale has been targeting a price range from $410.0 to $450.0 for Deere over the last 3 months. The price of DE is up 0.5% at $437.25. DA Davidson, Deutsche Bank, and Citigroup have maintained their Buy, Hold, and Buy ratings on Deere, respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:46 pm

BHR

B. Riley Securities analyst Bryan Maher downgraded Braemar Hotels & Resorts Inc. (NYSE:BHR) to Neutral from Buy, lowering the price target from $7.00 to $3.50. The downgrade is due to concerns about the company's prolonged RevPAR softness at many of its luxury resort hotels and uncertainty surrounding its remaining 2024 debt maturities. The analyst also lowered FY23, FY24, and FY25 adjusted EBITDA estimates.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2023 | 7:43 pm

BA

A significant number of investors have taken a bearish stance on Boeing (NYSE:BA), with 65% of detected trades being bearish and 35% bullish. The targeted price range for Boeing over the last 3 months is $210.0 to $310.0. Wells Fargo, Jefferies, JP Morgan, and Citigroup maintain positive ratings on Boeing with price targets ranging from $245 to $285, while RBC Capital downgraded its rating to 'Sector Perform' with a price target of $225.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:33 pm

DAL

A significant investor has taken a bearish stance on Delta Air Lines (NYSE:DAL), with 70% of recent trades being bearish and 30% bullish. The price target for Delta Air Lines over the last 3 months has been between $37.0 and $57.5. The current price of DAL is down -0.34% at $44.02. B of A Securities and Citigroup have maintained their Buy rating on Delta Air Lines, with price targets of $53 and $67 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:33 pm

JPM

A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $80.0 to $170.0 for JPMorgan Chase over the last 3 months. Several financial institutions have maintained their positive ratings on JPMorgan Chase, with price targets ranging from $160 to $227.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:33 pm

ASO

Telsey Advisory Group analyst Cristina Fernández initiated coverage on Academy Sports and Outdoors Inc (NASDAQ:ASO) with an Outperform rating and a price target of $72. The rating is based on a P/E multiple of ~9.0x applied to the projected 2024 EPS estimate of $8.00. The analyst views ASO as a growth story driven by market share gains as the company expands in existing and new markets. The stock's low valuation reflects the negative comp trend that began in 1Q22, expected to persist until 4Q23. However, the analyst expects a return to growth and stable profitability in 2024.

Portfolio Pulse from Shivani Kumaresan

August 14, 2023 | 7:32 pm