Streetbeat News

Analyst Ratings

MSFT

Oppenheimer analyst Timothy Horan has reiterated an 'Outperform' rating on Microsoft (NASDAQ:MSFT) and maintained a price target of $410.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:19 pm

PEGA

DA Davidson analyst Gil Luria maintains a Neutral rating on Pegasystems (NASDAQ:PEGA) and raises the price target from $48 to $52.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 5:19 pm

DTIL

BTIG analyst Thomas Shrader maintains a Buy rating on Precision BioSciences (NASDAQ:DTIL) but lowers the price target from $6 to $2.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 5:17 pm

CSCO

A significant amount of unusual options activity has been detected for Cisco Systems (NASDAQ:CSCO), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $45.0 to $55.0 for Cisco Systems over the last 3 months. The company's stock price is currently down by 1.77% at $52.06. Analysts have mixed opinions, with JP Morgan upgrading its action to Overweight with a price target of $62, while B of A Securities, Citigroup, and Exane BNP Paribas have downgraded their actions.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:15 pm

UPS

A significant bullish stance has been taken on United Parcel Service (NYSE:UPS) as evidenced by unusual options activity. The options scanner at Benzinga spotted 12 uncommon trades, split evenly between bullish and bearish sentiment. The trades included 4 puts amounting to $326,060 and 8 calls amounting to $2,875,317. The targeted price range for UPS over the last 3 months has been $175.0 to $200.0. Meanwhile, Morgan Stanley has downgraded UPS to Underweight with a price target of $100.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:15 pm

GWW

Morgan Stanley analyst Stephen Grambling maintains an Underweight rating on W.W. Grainger (NYSE:GWW) and raises the price target from $647 to $653.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 5:15 pm

TRP

TD Securities has downgraded TC Energy (NYSE:TRP) from Buy to Hold and lowered the price target from $62 to $50. The downgrade was announced by analyst Linda Ezergailis.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:14 pm

DECK

TD Cowen analyst John Kernan maintains an Outperform rating on Deckers Outdoor (NYSE:DECK) but lowers the price target from $575 to $564.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 5:14 pm

TREE

LendingTree's stock is trading higher after Needham maintained a Buy rating on the stock and increased the price target from $20 to $27.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:14 pm

DLR

TPG

Digital Realty Trust Inc (DLR) reported better-than-expected Q2 2023 revenue of $1.37 billion, a 20% Y/Y growth. However, the company lowered its guidance for core FFO per share. DLR also announced a joint venture deal with TPG Inc's TPG Real Estate to sell its 80% stake in three data center buildings for about $1.3 billion. Following the results, BNP Paribas upgraded DLR's stock to Outperform from Neutral.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 5:11 pm