Streetbeat News

Analyst Ratings

MCD

Guggenheim analyst Gregory Francfort maintains a Buy rating on McDonald's (NYSE:MCD) and raises the price target from $325 to $330.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 4:38 pm

SPSC

Northland Capital Markets analyst Nehal Chokshi maintains a 'Market Perform' rating on SPS Commerce (NASDAQ:SPSC) and raises the price target from $151 to $175.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 4:36 pm

TW

Morgan Stanley analyst Michael Cyprys has maintained an Overweight rating on Tradeweb Markets (NASDAQ:TW) and raised the price target from $87 to $94.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 4:36 pm

KLAC

Stifel analyst Brian Chin maintains a 'Buy' rating on KLA (NASDAQ:KLAC) and raises the price target from $450 to $535.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 4:34 pm

SHYF

Shares of The Shyft Group are trading lower following downgrades and lowered price targets from multiple firms.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:32 pm

MAS

RBC Capital analyst Mike Dahl maintains an Outperform rating on Masco (NYSE:MAS) and raises the price target from $59 to $68.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 4:28 pm

LHX

RBC Capital analyst Ken Herbert has maintained an 'Outperform' rating on L3Harris Technologies (NYSE:LHX) but lowered the price target from $250 to $240.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 4:25 pm

BAC

SHY

VIXY

Bank of America's Global Equity Derivatives Research team has noted that market hedging costs are at a historic low, making it a sensible time to buy long-dated S&P 500 put options. The team highlighted that the current low cost of protection is particularly notable given the current climate of 3-4% inflation, a potential recession, and high stock-market valuations despite elevated interest rates. The iShares 1-3 Year Treasury Bond ETF (NYSE:SHY) and the Proshares Trust VIX Short-Term Futures ETF (NYSE:VIXY) were mentioned as other ways to hedge against market downturns.

Portfolio Pulse from Piero Cingari

July 28, 2023 | 4:23 pm

BFH

RBC Capital analyst Jon Arfstrom has maintained an Outperform rating on Bread Finl Hldgs (NYSE:BFH) and raised the price target from $40 to $46.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 4:22 pm

RCEL

Avita Medical's stock is trading higher after Bank of America Securities maintained a Buy rating on the stock and increased its price target from $18 to $27.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:22 pm