Streetbeat News

Analyst Ratings

BXMT

Keefe, Bruyette & Woods analyst Jade Rahmani maintains a 'Market Perform' rating on Blackstone Mortgage Trust (BXMT) and raises the price target from $20.5 to $22.5.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:37 pm

BUSE

Keefe, Bruyette & Woods analyst Damon Delmonte maintains an Outperform rating on First Busey (NASDAQ:BUSE) and raises the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:35 pm

VZ

A 'whale' investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale trades have targeted a price range from $25.0 to $80.0 for Verizon over the last 3 months. The price of VZ is currently down -1.67% at $33.77. Analysts from Citigroup, Goldman Sachs, Wells Fargo, Raymond James, and Morgan Stanley have maintained their ratings on Verizon, with price targets ranging from $36 to $44.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 6:32 pm

PANW

A significant bearish stance has been taken on Palo Alto Networks (NASDAQ:PANW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range from $100.0 to $260.0 for Palo Alto Networks over the last 3 months. Several financial institutions have maintained their positive ratings on PANW, with price targets ranging from $254 to $305.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 6:17 pm

EYE

National Vision Holdings announced that its partnership with Walmart will end in 2024. Following this announcement, several firms downgraded the stock and lowered their price targets.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:16 pm

LAD

Lithia Motors Inc (NYSE:LAD) reported Q2 FY23 sales growth of 12% YoY to $8.11 billion, surpassing the analyst consensus of $7.92 billion, and adjusted EPS of $10.91, beating the analyst consensus of $9.26. Following the results, Benchmark and Citigroup analysts raised their price targets and EPS estimates for 2023 and 2024. Despite the positive news, LAD shares are trading lower by 3.1% at $310.55.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 6:10 pm

SPOT

Oppenheimer analyst Jed Kelly maintained a Perform rating on Spotify Technology S.A. (NYSE:SPOT), citing bearish sentiment but highlighting strong Monthly Active Users (MAUs) and positive podcasting growth. Spotify's 2Q22 ARPU was 2% below Street due to product/markets mix-shift, but announced global pricing increases. The analyst sees potential growth despite challenges from large platforms like TikTok. Podcasting growth reaccelerated to 30%+ and is tracking towards break-even. Kelly increased 4QE ARPU by 7% Q/Q, and FY24E revenue by 1%. SPOT shares traded lower by 3.04% at $144.59 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 6:08 pm

T

AT&T (T) reported solid 2Q results with revenue of $29.9 billion, up 0.9% Y/Y, and EBITDA of $11.1 billion, beating estimates. The company hit its $6 billion run rate of annual savings ahead of schedule and plans to add an incremental $2 billion in the next three years. Analysts from Raymond James, Oppenheimer, and Goldman Sachs provided their ratings and price targets, with Raymond James reiterating a Strong Buy with a price target of $25, Oppenheimer maintaining a Perform rating, and Goldman Sachs maintaining a Buy but lowering the price target from $23 to $20.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 6:04 pm

CLDT

Chatham Lodging (NYSE:CLDT) has received various analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 1 indifferent. Over the past 3 months, 4 analysts have offered 12-month price targets for Chatham Lodging, with an average price target of $13.75, a decrease of 10.31% from the previous average price target of $15.33.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 6:01 pm

CNI

Over the past 3 months, 7 analysts have published indifferent opinions on Canadian National Railway (NYSE:CNI) stock. The company has an average price target of $130.71, representing a 3.28% decrease from the previous average price target of $135.14.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 6:01 pm