Streetbeat News

Analyst Ratings

PCG

UBS Securities analyst Gregg Orrill has upgraded Pacific Gas & Electric Co (PCG) from Neutral to Buy, raising the price target to $21 from $19. The upgrade is based on the company's top quartile EPS growth of 9%, improving credit metrics, and better wildfire risk mitigation. PCG expects to increase cap-ex spending per year beyond 2027 to $13 billion from $9 billion currently. PCG shares are trading higher by 2.5% to $17.51.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2023 | 5:31 pm

MCHP

A significant bearish stance has been taken on Microchip Technology (NASDAQ:MCHP) with unusual options activity. Benzinga's options scanner spotted 15 options trades for Microchip Technology, with 93% bearish sentiment. Whales have been targeting a price range from $75.0 to $80.0 for Microchip Technology over the last 3 months. The price of MCHP is up 0.48% at $83.86. Several experts have maintained their positive ratings on Microchip Technology with price targets ranging from $100 to $110.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 5:30 pm

XOM

A whale investor has taken a bullish stance on Exxon Mobil (NYSE:XOM), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $90.0 to $120.0 for Exxon Mobil over the last 3 months. RBC Capital downgraded its action to Sector Perform with a price target of $125, while Morgan Stanley and Truist Securities maintained their Overweight and Hold ratings respectively, with price targets of $121 and $110.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 5:30 pm

PWR

DA Davidson analyst Brent Thielman maintains a Neutral rating on Quanta Services (NYSE:PWR) and raises the price target from $170 to $190.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 5:28 pm

COLD

Evercore ISI Group analyst Samir Khanal maintains an Outperform rating on Americold Realty Trust (NYSE:COLD) and raises the price target from $35 to $37.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 5:20 pm

AMRX

Amneal Pharmaceuticals' stock price is expected to rise as Truist Securities and Barclays have increased their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 5:19 pm

MNST

RBC Capital analyst Nik Modi has reiterated an Outperform rating on Monster Beverage (NASDAQ:MNST) and maintained a $60 price target.

Portfolio Pulse from richadhand@benzinga.com

August 07, 2023 | 5:19 pm

FSR

RF Lafferty analyst Jamie Perez maintains a 'Buy' rating on Fisker (NYSE:FSR) but lowers the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 5:18 pm

ACA

DA Davidson analyst Brent Thielman maintains a Buy rating on Arcosa (NYSE:ACA) and raises the price target from $85 to $90.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 5:17 pm

DE

A 'whale' investor has taken a bullish stance on Deere (NYSE:DE), with 54% of investors opening trades with bullish expectations. The whale has been targeting a price range from $370.0 to $460.0 for Deere over the last 3 months. The price of DE is up 1.52% at $430.5. DA Davidson and Citigroup have maintained their Buy rating on Deere, with price targets of $510 and $475 respectively.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 5:15 pm