Streetbeat News

Analyst Ratings

FOUR

Piper Sandler analyst Clarke Jeffries has reiterated an Overweight rating on Shift4 Payments (NYSE:FOUR) and maintained a price target of $85.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 10:42 am

SEVN

JonesTrading analyst Jason Stewart has reiterated a 'Buy' rating on Seven Hills Realty Trust (NASDAQ:SEVN) and maintained a price target of $15.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 10:41 am

FMS

Fresenius Medical Care reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.24 by 33.33%. The company's quarterly sales of $5.26 billion also surpassed the analyst consensus estimate of $5.19 billion by 1.33%. However, this represents a 21.95% decrease in earnings and a 3.73% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:41 am

CRNT

Needham analyst Alex Henderson has reiterated a 'Buy' rating on Ceragon Networks (NASDAQ:CRNT) and maintained a price target of $5.25.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 10:41 am

YUM

Yum! Brands, Inc. (NYSE:YUM) is expected to report higher Q2 earnings at $1.24 per share, up from $1.05 a year ago, with revenues of $1.75 billion. The company's shares fell 1% to close at $136.36 on Tuesday. Several analysts have recently updated their price targets for the company, with the highest target set at $179 by Citigroup.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 10:41 am

ESPR

Needham analyst Serge Belanger has maintained a 'Buy' rating on Esperion Therapeutics (NASDAQ:ESPR) but lowered the price target from $10 to $9.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 10:41 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has been facing economic worries impacting demand for its vehicles, leading to a series of price cuts early this year. However, the average price of a used Tesla vehicle has fallen by over $25,000 from its peak last July, a 37% decline. This has led to concerns about the efficacy of the price cuts and margin worries. Tesla's price cuts have also led to gross margin erosion since the fourth quarter of 2022. The company's stock ended Tuesday's session down 2.38% at $261.07.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 10:41 am

COIN

FTTUSD

Igor Igamberdiev, head of research at Wintermute, has suggested a possible connection between the Bald memecoin and Alameda Research, a cryptocurrency trading firm. His analysis of blockchain data indicates that the person who launched the Bald memecoin could be associated with Alameda Research. However, he ruled out the possibility that the person is an insider at Coinbase, even though their address is listed as the largest holder on DeFi governance forums.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 10:40 am

AVDX

IOVA

IRDM

ISRG

PINS

Ark Invest, led by Cathie Wood, made several trades including a significant purchase of shares in AvidXchange Holdings Inc (AVDX) and an increase in exposure to Iridium Communications Inc (IRDM). Other trades included buying shares of Pinterest Inc (PINS) and selling shares of Iovance Biotherapeutics Inc (IOVA) and Intuitive Surgical Inc (ISRG).

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 10:38 am

META

Instagram CEO Adam Mosseri is prioritizing products for teens and creators, with a focus on messaging and Reels. Reels now account for nearly 50% of time spent on Instagram. JMP Securities analyst Andrew Boone reiterated Meta Platforms Inc (NASDAQ:META) with a Market Outperform and a $380 price target. Boone views Meta's willingness to adapt and evolve as helping to make the business more defensible.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 10:37 am