Streetbeat News

Analyst Ratings

RJF

Morgan Stanley analyst Manan Gosalia maintains an Equal-Weight rating on Raymond James Financial (NYSE:RJF) and lowers the price target from $112 to $110.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:33 am

PB

Morgan Stanley analyst Manan Gosalia has reiterated an 'Underweight' rating on Prosperity Bancshares (NYSE:PB) and maintained a $60 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:33 am

WDC

Shares of Western Digital Corp (NASDAQ:WDC) were trading lower despite reporting upbeat earnings for its fiscal fourth quarter. Analysts from Wedbush, Mizuho Securities, and Benchmark provided their takeaways from the earnings release. While revenues were ahead of expectations, the company's guidance for the fiscal first quarter was short of consensus estimates. Analysts noted improvements in consumer/client demand, but softer enterprise conditions. The company's NAND gross margins continue to be impacted by underutilization, and cloud/enterprise demand remains weak.

Portfolio Pulse from Priya Nigam

August 04, 2023 | 9:33 am

PG

Morgan Stanley analyst Dara Mohsenian has reiterated an Overweight rating on Procter & Gamble (NYSE:PG) and maintained a price target of $174.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:32 am

PHVS

Morgan Stanley analyst Matthew Harrison has reiterated an Equal-Weight rating on Pharvaris (NASDAQ:PHVS) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:32 am

IT

Gartner's (NYSE:IT) short percent of float has fallen 4.19% since its last report, with 1.24 million shares sold short, which is 1.83% of all regular shares available for trading. It would take traders 4.05 days to cover their short positions on average. Gartner's peer group average for short interest as a percentage of float is 4.59%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:32 am

TJX

TJX Companies's short percent of float has fallen 9.09% since its last report, with 6.92 million shares sold short, which is 0.6% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards TJX. Compared to its peers, TJX has less short interest, with an average of 15.22% for its peer group.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:32 am

PRM

Morgan Stanley analyst Connor Lynagh has reiterated an Overweight rating on Perimeter Solutions (NYSE:PRM) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:32 am

PTEN

Morgan Stanley analyst Connor Lynagh has reiterated an Overweight rating on Patterson-UTI Energy (NASDAQ:PTEN) and maintained a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:31 am

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MDTKF

QCOM

Qualcomm Inc (NASDAQ:QCOM) is set to issue Q3 fiscal 2023 earnings, with expectations of $1.81 per share on revenues of $8.51 billion. Despite concerns of chip excess and potential decrease in chip prices, JPMorgan analysts predict a brighter outlook for Qualcomm, citing early signs of recovery in the smartphone sector. They expect the company to issue earnings of $1.88 per share on revenues of $8.6 billion, beating the consensus estimate.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 9:31 am