Streetbeat News

Analyst Ratings

DIN

Truist Securities analyst Jake Bartlett has reiterated a Buy rating on Dine Brands Global, Inc. (DIN), but lowered the price target from $90 to $78. Despite Q2 earnings beating estimates, sluggishness and downgraded adjusted EBITDA estimates for FY23 and FY24 have been noted. IHOP's performance is solid, but Applebee's growth has decelerated. The analyst views DIN shares as attractive, trading at 7.6x their '24E EBITDA.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 6:52 pm

PRLD

Morgan Stanley analyst Jeffrey Hung has reiterated an Equal-Weight rating on Prelude Therapeutics (NASDAQ:PRLD) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:46 pm

AMGN

Amgen's (NYSE:AMGN) short percent of float has risen 3.08% since its last report, with 7.18 million shares sold short, which is 1.34% of all regular shares available for trading. It would take traders 3.21 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Amgen's peer group average for short interest as a percentage of float is 3.53%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:45 pm

IR

Ingersoll Rand's (NYSE:IR) short percent of float has fallen 8.64% since its last report, with 4.55 million shares sold short, which is 1.48% of all regular shares available for trading. It would take traders 3.36 days to cover their short positions on average. Compared to its peers, Ingersoll Rand has less short interest as a percentage of float, with an average of 4.21%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:45 pm

MDLZ

Mondelez International's (NYSE:MDLZ) short percent of float has risen 17.05% since its last report, with 14.00 million shares sold short, which is 1.03% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.48%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:45 pm

PTLO

Morgan Stanley analyst Brian Harbour has maintained an Overweight rating on Portillos (NASDAQ:PTLO) but lowered the price target from $28 to $26.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:45 pm

PLNT

Morgan Stanley analyst Kristine Liwag maintains an Overweight rating on Planet Fitness (NYSE:PLNT) but lowers the price target from $88 to $84.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:44 pm

DIS

FOXA

PARA

WBD

Warner Bros. Discovery, Inc (WBD) reported strong 2Q23 results, with revenue and EBITDA ahead of estimates, driven by outperformance at DTC due to licensing deals timing and higher ARPU following Max relaunch. The company's FCF was $1.722 billion, significantly ahead of estimates. Credit Suisse analyst Douglas Mitchelson reiterated an Outperform rating on WBD with a price target of $32. KeyBanc analyst Brandon Nispel reiterated a Sector Weight on the stock, while Needham analyst Laura Martin maintained a Hold rating.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 6:41 pm

AEO

Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on American Eagle Outfitters Inc (AEO) and raised the price target from $12 to $15. This follows the announcement of the departure of AEO's Chief Operations Officer, Michael Rempell. The company now expects Q2 revenue to be flat Y/Y, better than the previous outlook. The Q2 sales estimate has been raised to $1.198 billion, up from $1.173 billion, and Q2 EPS of $0.14, up from $0.11.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 6:40 pm

RL

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Ralph Lauren Corporation (NYSE:RL), raising the price target to $155 from $140. The analyst expects Q1 EPS of $2.09, net revenue to be down 0.5% Y/Y to $1.48 billion, and a flat operating margin of 12.7%. Telsey applauds RL's recent developments, including expansion in underpenetrated categories, and expects these to deliver accelerated topline growth.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 6:37 pm