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Analyst Ratings

PM

Philip Morris International Inc. (NYSE:PM) is expected to report higher Q2 earnings at $1.47 per share, up from $1.32 per share a year ago. The company's revenue is projected to be $8.65 billion. The stock closed at $98.77 on Wednesday. Analysts from Morgan Stanley, Stifel, Goldman Sachs, and Argus Research have recently reiterated or upgraded their ratings on the stock, with price targets ranging from $105 to $120.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 7:15 am

TSM

Taiwan Semiconductor (NYSE:TSM) reported Q2 earnings of $1.14 per share, beating the analyst consensus estimate of $1.08 by 5.56%. However, this is a 26.45% decrease from the same period last year. The company also reported quarterly sales of $15.68 billion, beating the estimate of $15.49 billion by 1.23%, but this is a 13.66% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 6:14 am

BIIB

ESALF

Eisai and Biogen have presented the latest analysis of Lecanemab's effect on biomarker changes and subcutaneous dosing at AAIC 2023.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:51 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies were mixed on Wednesday evening with Bitcoin and Ethereum trading in the red while Dogecoin saw gains of nearly 2%. Bitcoin's price movement tracked Nasdaq futures, which slipped into the red after Netflix and Tesla posted their quarterly results. Analysts continue to await Bitcoin ETF updates and note that Bitcoin is 'here to stay' despite the length of the bear market. Cryptocurrency intelligence platform Santiment noted that whales and sharks have been accumulating Paxos Standard (USDP) stablecoin in July.

Portfolio Pulse from Shivdeep Dhaliwal

July 20, 2023 | 3:31 am

TWLO

Twilio Inc. (NYSE:TWLO) shares traded higher on above-average volume amid positive analyst coverage from Morgan Stanley. The analyst maintained an Overweight rating and raised the price target from $65 to $75. This comes after Piper Sandler analyst downgraded Twilio from Overweight to Neutral but raised his price target from $56 to $71. Twilio is set to report Q2 financial results on Aug. 8, with expected earnings per share of 30 cents and revenue of $985.93 million.

Portfolio Pulse from Ryan Gustafson

July 19, 2023 | 10:03 pm

SNAP

Snap Inc. (NYSE:SNAP) shares traded lower on Wednesday despite UBS analyst Lloyd Walmsley maintaining a Neutral rating and raising the price target from $10 to $14. This follows price target increases from Goldman Sachs and Credit Suisse earlier this week. Snap is expected to report a loss of 4 cents per share on quarterly revenue of $1.05 billion in its upcoming Q2 financial results.

Portfolio Pulse from Ryan Gustafson

July 19, 2023 | 9:47 pm

PTSI

P.A.M. Transportation (NASDAQ:PTSI) reported Q2 earnings of $0.42 per share, down from $1.08 per share last year. The company's quarterly revenue before fuel surcharge was $182.08 million, missing the analyst consensus estimate of $222.60 million by 18.20 percent. This represents a 10.19 percent decrease over sales of $202.74 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:33 pm

BMI

Badger Meter (NYSE:BMI) has received two bullish and four indifferent analyst ratings in the last quarter. The average 12-month price target for the company, according to six analysts, is $137.67, with a high of $152.00 and a low of $125.00. This average price target has increased by 11.93% over the past month.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 9:00 pm

RNG

Analysts have provided various ratings for RingCentral (NYSE:RNG) within the last quarter, with a total of 4 bullish, 6 somewhat bullish, and 4 indifferent ratings. The average price target given by these 14 analysts is $43.21, slightly above the current price of $42.9. However, this average has decreased by 9.7% from the previous average price target of $47.85.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 9:00 pm

HAS

In the last quarter, Hasbro (NASDAQ:HAS) received 4 bullish and 2 indifferent ratings from 6 analysts. The average price target is $72.5, compared to the current price of $64.61, implying an upside. The average price target has increased by 13.99% over the past month.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 9:00 pm