Streetbeat News

Analyst Ratings

GOOGL

Evercore ISI Group analyst Mark Mahaney maintains an Outperform rating on Alphabet (NASDAQ:GOOGL) and raises the price target from $130 to $160.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:54 pm

SPWR

Evercore ISI Group analyst Sean Morgan has maintained an 'Outperform' rating on SunPower (NASDAQ:SPWR), but lowered the price target from $22 to $13.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:52 pm

FAST

Fastenal's (NYSE:FAST) short percent of float has risen 5.46% since its last report, with 15.45 million shares sold short, which is 3.09% of all regular shares available for trading. It would take traders 3.96 days to cover their short positions on average. Fastenal's peer group average for short interest as a percentage of float is 5.20%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:45 pm

RMD

ResMed's (NYSE:RMD) short percent of float has risen 11.96% since its last report, with 1.33 million shares sold short, which is 1.03% of all regular shares available for trading. It would take traders 2.34 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, ResMed's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:45 pm

IBM

IBM's short percent of float has decreased by 4.73% since its last report, with 25.61 million shares sold short, representing 2.82% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards IBM. Compared to its peers, IBM has less short interest as a percentage of float, with an average of 4.48%.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:45 pm

ST

Truist Securities analyst William Stein maintains a 'Hold' rating on Sensata Technologies (NYSE:ST) and lowers the price target from $52 to $48.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:45 pm

GE

Argus Research analyst John Eade maintains a 'Buy' rating on General Electric (NYSE:GE) and raises the price target from $112 to $130.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:43 pm

TXN

Texas Instruments Inc (NASDAQ:TXN) shares dropped after the company reported Q2 results. Analysts from Susquehanna, BMO Capital Markets, Oppenheimer, and KeyBanc Capital Markets provided their insights. While Q2 results were better due to strong auto chip sales, Q3 is expected to be flat. Analysts noted potential gross margin weakness and sluggish end-markets, except for auto. The company's shares declined by 5.30% to $176.21.

Portfolio Pulse from Priya Nigam

July 26, 2023 | 4:40 pm

HD

Argus Research analyst Chris Graja maintains a 'Buy' rating on Home Depot (NYSE:HD) but has lowered the price target from $400 to $350.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:36 pm

CF

HSBC analyst Santhosh Seshadri maintains a 'Hold' rating on CF Industries Holdings (NYSE:CF) and lowers the price target from $85 to $83.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:32 pm