Streetbeat News

Analyst Ratings

OC

Owens Corning Inc's Q2 FY23 results beat expectations, leading RBC Capital Markets analyst Mike Dahl to upgrade the company's rating to Outperform from Sector Perform and raise the price target from $135 to $168. Despite a 1.5% YoY decrease in net sales to $2.56 billion, the figure surpassed the consensus of $2.54 billion. Adjusted EPS was $4.22, above the consensus of $3.23. Dahl sees a more resilient Owens Corning going forward, with price/cost tailwinds in Roofing/Insulation and improved volume outlooks. He also raised FY23 and FY24 sales estimates.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 7:37 pm

ENVX

Craig-Hallum analyst Anthony Stoss maintains a 'Buy' rating on Enovix (NASDAQ:ENVX) and raises the price target from $15 to $28.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:37 pm

INTC

Intel Corporation (NASDAQ:INTC) is set to report its Q2 earnings after the market close. The company is expected to report a loss of three cents per share and revenue of $10.97 billion. Rosenblatt analyst Hans Mosesmann reiterated Intel with a Sell and maintained the $17 price target. Shares of INTC were up 0.3% at $34.37 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 27, 2023 | 7:35 pm

META

Truist Securities analyst Youssef Squali maintains a Buy rating on Meta Platforms and raises the price target from $340 to $390.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:35 pm

BOKF

Truist Securities analyst Brandon King maintains a 'Hold' rating on BOK Financial (NASDAQ:BOKF) and raises the price target from $86 to $96.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:33 pm

NOW

Stifel analyst Brad Reback maintains a Buy rating on ServiceNow (NYSE:NOW) and raises the price target from $600 to $640.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:32 pm

CMG

Truist Securities analyst Jake Bartlett has maintained a 'Buy' rating on Chipotle Mexican Grill (NYSE:CMG) but lowered the price target from $2310 to $2230.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:31 pm

AMGN

A large investor has taken a bearish stance on Amgen (NASDAQ:AMGN), with 60% of big-money traders also showing bearish sentiment. The whale's activity was noticed through publicly available options history. The whale and other big-money traders have been targeting a price range from $200.0 to $300.0 for Amgen over the last 3 months. Barclays, Oppenheimer, and Credit Suisse have maintained their ratings on Amgen, with price targets of $210, $280, and $200 respectively.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 7:31 pm

ODFL

A significant bullish stance has been taken on Old Dominion Freight Line (NASDAQ:ODFL) by an unknown entity, possibly an institution or a wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $340.0 to $470.0 for ODFL over the last 3 months. The current price of ODFL is down -1.82% at $413.11. Several financial institutions have maintained or upgraded their ratings on ODFL.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 7:31 pm

EOSE

Shares of Eos Energy Enterprises Inc (NASDAQ:EOSE) fell more than 50% following a short report from Iceberg Research. The report alleges that a majority of Eos's backlog is from financially distressed Bridgelink, whose assets were foreclosed in May. Iceberg claims that Eos failed to inform investors about this, stating that 62% of Eos's backlog is attributable to Bridgelink.

Portfolio Pulse from Aaron Bry

July 27, 2023 | 7:31 pm