Streetbeat News

Analyst Ratings

GE

A significant bullish stance has been taken on General Electric (NYSE:GE) by a large investor, as evidenced by a large position in GE's options. The sentiment among these big-money traders is 90% bullish and 9% bearish. The whales have been targeting a price range from $80.0 to $115.0 for GE over the last 3 months. Wells Fargo maintains an Equal-Weight rating on GE with a price target of $105, while Citigroup maintains a Buy rating with a price target of $126.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:48 pm

POOL

Pool Corporation (POOL) reported a 9.7% YoY decline in Q2 FY23 sales to $1.857 billion, missing the consensus estimate of $1.910 billion. EPS of $5.91 also missed the consensus of $6.20. The company attributes the underperformance to weather conditions that impacted revenue and led to slower maintenance activity, reduced outdoor living construction activity, and deferred discretionary replacement activity. Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on POOL and raised the price target from $375 to $380.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 6:47 pm

AMZN

Truist analyst Youssef Squali reiterated a Buy rating on Amazon (NASDAQ:AMZN) with a price target of $144.00. Squali remains bullish on AMZN due to strong North American e-commerce demand and cost optimization. He expects AMZN to report total revenue of $131.3 billion, North American revenue of $80.3 billion, and AWS revenue growth of 10% Y/Y (to $21.8 billion). He also expects an operating income of $5.1 billion (3.8% margin).

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:46 pm

DFS

Discover Financial Services (DFS) has been downgraded by Piper Sandler following disappointing Q2 2023 results. Other analysts also lowered their price targets and EPS estimates for the company due to lower-than-expected net interest income, higher expenses, and lower buybacks. Despite this, DFS shares are trading higher by 2.43% at $104.94.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 6:44 pm

UAL

Analysts from Raymond James, JP Morgan, and Morgan Stanley have raised their price targets for United Airlines Holdings Inc (NASDAQ:UAL), predicting the company will outperform its US peers in the medium term. The analysts increased their EPS growth forecasts for 2023, 2024, and 2025, citing substantial international revenue and unique cost tailwinds. However, these boosts are partially offset by steps taken to improve operational resiliency and changes in profit-sharing methodology.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:43 pm

KNX

Susquehanna analyst Bascome Majors has reiterated a Neutral rating on Knight-Swift Transportation Holdings Inc. (NYSE:KNX), lowering the price target to $51 from $53. This follows the company's worse-than-expected Q2 2023 earnings results and a cut in 2023 guidance. The company's revenues of $1.55 billion, down 20.8% Y/Y, missed the consensus of $1.60 billion. The analyst warns that KNX will face challenges in the truckload market.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 6:41 pm

CDNS

RMBS

Susquehanna analyst Mehdi Hosseini has reiterated a positive rating on Rambus, Inc. (NASDAQ:RMBS), raising the price target to $75 from $60. This follows Rambus' sale of their SerDes and Memory Interface PHY IP business to Cadence Design Systems, Inc. (NASDAQ:CDNS). The sale is viewed as positive for Rambus' operating margin due to the high operating expenses associated with the PHY business. The business represents less than 5% of Rambus' total revenue and is expected to be immaterial to revenue for CY23.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 6:38 pm

LEN

Lennar's (NYSE:LEN) short percent of float has fallen 11.78% since its last report, with 5.64 million shares sold short, which is 2.92% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Lennar has less short interest as a percentage of float, with an average of 5.77%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:30 pm

BCS

Barclays's (NYSE:BCS) short percent of float has risen 8.33% since its last report, with 4.96 million shares sold short, representing 0.13% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Barclays. However, compared to its peers, Barclays has less short interest as a percentage of float, with an average of 1.01%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:30 pm

BA

Boeing's (NYSE:BA) short percent of float has fallen 7.64% since its last report, with 7.99 million shares sold short, which is 1.33% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Boeing. Compared to its peers, Boeing has less short interest as a percentage of float, with an average of 3.49%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:30 pm