Streetbeat News

Analyst Ratings

GILD

Gilead Sciences's (NYSE:GILD) short percent of float has risen 6.16% since its last report, with 17.34 million shares sold short, which is 1.55% of all regular shares available for trading. It would take traders 2.9 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Gilead Sciences's peer group average for short interest as a percentage of float is 3.57%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:45 pm

ADSK

Autodesk's (NYSE:ADSK) short percent of float has fallen 15.54% since its last report, with 2.67 million shares sold short, which is 1.25% of all regular shares available for trading. It would take traders 1.55 days to cover their short positions on average. Autodesk's peer group average for short interest as a percentage of float is 3.40%, indicating the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:45 pm

AMD

NVDA

PGTRF

SSNLF

TSM

AMD stock is experiencing volatility following a DigiTimes report that cloud service providers are considering AMD's LLM chip as an alternative to Nvidia's. A separate report suggests AMD is unlikely to transfer 3nm chip orders to Samsung, given its ongoing work with Taiwan Semiconductor Manufacturing Company (TSMC). BofA analyst Vivek Arya has reduced AMD's price target to $130 from $135, citing pressure from Nvidia's full-stack AI platform on AMD's data center GPU market share. AMD CEO Dr. Lisa Su is currently visiting Taiwan, where she is expected to meet with TSMC CEO Dr. C.C. Wei.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 4:42 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading more than 3% higher on Wednesday and have gained more than 12% over the last month. Bank of America Securities analyst John Murphy reinstated Lucid Group with a Neutral rating and announced a price target of $8 for LCID. Lucid Group will release its second quarter 2023 financial reports on Aug. 7.

Portfolio Pulse from Erica Kollmann

July 19, 2023 | 4:36 pm

ZWS

Stifel analyst Nathan Jones has maintained a 'Buy' rating on Zurn Elkay Water (NYSE:ZWS) and raised the price target from $24 to $31.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:34 pm

WTS

Stifel analyst Nathan Jones has maintained a 'Hold' rating on Watts Water Technologies (NYSE:WTS) and raised the price target from $177 to $182.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:33 pm

STNG

Stifel analyst Benjamin Nolan has maintained a 'Buy' rating on Scorpio Tankers (NYSE:STNG) but lowered the price target from $77 to $71.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:33 pm

PNR

Stifel analyst Nathan Jones maintains a Buy rating on Pentair (NYSE:PNR) and raises the price target from $71 to $81.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:32 pm

LECO

Stifel analyst Nathan Jones maintains a 'Hold' rating on Lincoln Electric Holdings (NASDAQ:LECO) and raises the price target from $176 to $211.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 4:31 pm

AIG

American Intl Gr's (NYSE:AIG) short percent of float has fallen 8.91% since its last report, with 5.94 million shares sold short, which is 0.92% 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, AIG has less short interest as a percentage of float, with the average being 1.40%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:30 pm