Streetbeat News

Analyst Ratings

GM

General Motors (NYSE:GM) has received a mix of analyst ratings in the last quarter, with 5 bullish, 5 somewhat bullish, 3 indifferent, and 2 somewhat bearish. The average 12-month price target for GM over the last 3 months is $54.6, an increase of 10.19% from the previous average of $49.55.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:00 pm

BAND

In the last quarter, Bandwidth (NASDAQ:BAND) received 2 somewhat bullish and 4 indifferent analyst ratings. Over the past 3 months, 6 analysts have offered 12-month price targets for Bandwidth, with an average price target of $18.33, a decrease of 6.48% from the previous average price target of $19.60.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:00 pm

EMN

Over the last quarter, Eastman Chemical (NYSE:EMN) has received a mix of bullish and indifferent ratings from analysts. In the last 3 months, 10 analysts have offered 12-month price targets for Eastman Chemical, with an average price target of $96.5. This average price target has increased by 3.21% over the past month.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:00 pm

MDLZ

Mondelez International (NASDAQ:MDLZ) has received positive analyst ratings in the last quarter, with 2 bullish and 3 somewhat bullish ratings. The average 12-month price target for the company has increased by 6.08% from the previous average of $79.00 to $83.8.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:00 pm

MMC

Marsh & McLennan's (NYSE:MMC) short percent of float has fallen 20.34% since its last report, with 2.31 million shares sold short, which is 0.47% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:45 pm

NSC

Norfolk Southern's (NYSE:NSC) short percent of float has risen 13.83% since its last report, with 2.44 million shares sold short, which is 1.07% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Norfolk Southern's peer group average for short interest as a percentage of float is 0.78%, which means the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:45 pm

JNPR

Needham analyst Alex Henderson reiterated a Buy rating on Juniper Networks, Inc. (JNPR) but lowered the price target to $33 from $41. Despite Q2 2023 revenue growth of 13% Y/Y to $1.43 billion, concerns were raised about the company's spending priorities due to a weak Cloud segment and duress in Service Provider. The analyst expects these sectors to remain a headwind in 2H but sees potential in the Enterprise sector. The FY24 forecast was cut to 1.5% growth from 6.1%.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 7:23 pm

TGT

A significant bearish stance has been taken on Target (NYSE:TGT) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The whales have been targeting a price range from $90.0 to $180.0 for Target over the last 3 months. The price of TGT is up 0.44% at $135.09, with RSI indicators hinting that the stock may be approaching overbought. Target's next earnings are expected to be released in 19 days.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:15 pm

LLAP

LMT

H.C. Wainwright analyst Scott Buck initiated coverage on Terran Orbital Corporation (NYSE:LLAP) with a Buy rating and a price target of $5. The analyst anticipates a significant increase in revenue from 2H23 through 2025 due to an existing backlog of $2.6 billion, a strong customer base, and increased manufacturing capacity. The company is expected to achieve quarterly profitability as early as 4Q23. The analyst also highlighted the company's partnership with Lockheed Martin Corporation (NYSE:LMT) as a potential driver for new contract wins.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 7:14 pm

ODFL

Barclays has maintained an Equal-Weight rating on Old Dominion Freight Line's stock and increased its price target from $375 to $410. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:08 pm