Streetbeat News

Analyst Ratings

NOV

Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on NOV (NYSE:NOV) and raised the price target from $18 to $20.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 3:47 pm

ACGL

Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on Arch Capital Group (NASDAQ:ACGL) and raises the price target from $90 to $92.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 3:46 pm

PPG

PPG Industries' (NYSE:PPG) short percent of float has risen 63.64% since its last report, with 2.11 million shares sold short, representing 0.9% of all regular shares available for trading. It would take traders 1.6 days on average to cover their short positions. The company's short interest is less than its peer group average of 3.77%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:45 pm

MPLX

The short percent of float for MPLX (NYSE:MPLX) has risen by 30.95% since its last report, with 11.63 million shares sold short, representing 3.3% of all regular shares available for trading. This could take traders 7.21 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, MPLX's short interest as a percentage of float is less than its peer group average of 3.50%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:45 pm

STM

STMicroelectronics's (NYSE:STM) short percent of float has risen 31.71% since its last report, with 4.84 million shares sold short, which is 0.54% of all regular shares available for trading. An increase in short interest can signal that investors have become more bearish. However, STMicroelectronics's peer group average for short interest as a percentage of float is 4.90%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:45 pm

CHDN

Wells Fargo analyst Daniel Politzer has maintained an Overweight rating on Churchill Downs (NASDAQ:CHDN) but lowered the price target from $150 to $139.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 3:40 pm

BAX

Wells Fargo analyst Larry Biegelsen has maintained an Equal-Weight rating on Baxter Intl (NYSE:BAX) and lowered the price target from $46 to $44.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 3:40 pm

HUBG

Wells Fargo analyst Allison Poliniak maintains an Overweight rating on Hub Group (NASDAQ:HUBG) and raises the price target from $90 to $100.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 3:38 pm

GM

Tigress Financial analyst Ivan Feinseth has reiterated a Strong Buy rating on General Motors (NYSE:GM) and maintained an $86 price target.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:38 pm

LYV

Shares of Live Nation Entertainment Inc (NYSE:LYV) rose after the company reported record-breaking quarterly results. The company is expected to benefit from strong concert demand continuing into 2024, according to Oppenheimer. Analyst Jed Kelly maintained an Outperform rating for Live Nation Entertainment while raising the price target from $110 to $115. The company's 2024 event pipeline is up from what the 2023 pipeline looked like last year. Live Nation Entertainment's deferred revenue has also accelerated to +37% year-on-year.

Portfolio Pulse from Priya Nigam

July 28, 2023 | 3:38 pm