Streetbeat News

Analyst Ratings

MMM

A significant bullish stance has been taken on 3M (NYSE:MMM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 75% bullish and 25% bearish. The price target for 3M over the last three months, based on Volume and Open Interest, ranges from $70.0 to $170.0. The current price of MMM is up 1.9% at $111.92. Analysts from Citigroup, Morgan Stanley, and Barclays have maintained their ratings on 3M.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:31 pm

PG

A large bearish position has been taken on Procter & Gamble (NYSE:PG), with 70% of big-money traders showing a bearish sentiment. The price target for PG over the last 3 months has been between $145.0 to $165.0. Morgan Stanley, Citigroup, and Barclays have all given positive ratings to PG, with price targets of $174, $177, and $160 respectively. The next earnings are expected to be released in 2 days.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:31 pm

LVLU

Telsey Advisory Group analyst Dana Telsey has downgraded Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) from Outperform to Market Perform, lowering the price target to $3 from $4. The downgrade follows the company's preliminary Q2 results, which showed a decline in net revenue of approximately 20.5%-19.4% compared to last year. The company's struggles are attributed to a challenging macro environment, volatile consumer spending patterns, and exposure to a slow wedding event cycle.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 6:28 pm

AZPN

KeyBanc Capital Market analyst Jason Celino has downgraded Aspen Technology Inc (NASDAQ:AZPN) to Sector Weight from Overweight due to expected challenges in the chemicals business. The analyst predicts difficulties in achieving over 9% annual spending growth in Heritage AspenTech in Q4. The FY24 revenue outlook has been lowered to $1.154 billion from $1.174 billion. AZPN shares are currently trading lower by 1.18%.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 6:25 pm

ALK

Susquehanna analyst Christopher N. Stathoulopoulos has reiterated a positive rating on Alaska Air Group, Inc. (NYSE:ALK), but lowered the price target to $58 from $65. The analyst noted concerns about softening U.S. domestic fares, growing U.S. domestic capacity, and some slippage in the company's internal expense forecasting. Alaska Air's Q2 FY23 operating revenue growth was 7% YoY to $2.84 billion, beating the consensus of $2.77 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 6:22 pm

RTX

Susquehanna analyst Charles P. Minervino has reiterated a positive rating on RTX Corporation, despite lowering the price target from $117 to $110. RTX reported a 12% YoY sales growth in Q2 FY23, beating consensus. The company has also increased its FY23 sales expectations. However, due to an issue with Pratt's engine, the analyst has lowered estimates for EPS and FCF for 3Q23/2023. Despite this, Minervino remains confident in RTX's position in the recovering commercial aerospace market.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 6:21 pm

TDOC

Teladoc Health Inc reported better-than-expected Q2 financial results, with a 10% YoY increase in revenue to $652.4 million, beating the consensus estimate of $649.19 million. Despite the positive results, analysts from William Blair, Needham, and Credit Suisse maintain their neutral ratings due to lack of clarity on the company's organic growth outlook and macro and consumer-related trends.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 6:18 pm

AMC

CMCSA

DIS

NFLX

PARA

Needham analyst Laura Martin reiterated a Hold on Netflix Inc (NASDAQ:NFLX) after its recent earnings report, highlighting key concerns raised by bears. These include higher customer acquisition costs, potential slowdown in 2024, weak ARPU, reliance on price increases for revenue growth, and the possibility of NFLX acquiring other content companies like Paramount Global (NASDAQ:PARA), AMC Entertainment Holdings, Inc (NYSE:AMC), Lionsgate, or a broadcaster. NFLX shares traded lower by 1.54% at $421.22 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 6:13 pm

RNR

RenaissanceRe Holdings (NYSE:RNR) has received 7 analyst ratings in the last quarter, with 5 being somewhat bullish and 2 indifferent. The company has an average 12-month price target of $243.0, with a high of $260.00 and a low of $216.00. The average price target has increased by 1.04% over the past month.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:01 pm

EXP

Eagle Materials (NYSE:EXP) has received various analyst ratings in the last quarter, with 6 bullish, 3 somewhat bullish, 2 indifferent, and 1 somewhat bearish. The average 12-month price target for the company has increased by 18.16% from the previous average, now standing at $199.0.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 6:01 pm