Streetbeat News

Analyst Ratings

PKG

Analysts have provided ratings for Packaging Corp of America (NYSE:PKG) in the last quarter, with 2 bullish and 5 indifferent ratings. The company has an average 12-month price target of $134.0, a decrease of 1.37% from the previous average price target of $135.86.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:00 pm

MASI

Needham analyst Mike Matson has lowered his price target for Masimo Corporation (MASI) from $207 to $136 due to delays in large orders, lower inpatient census, and elevated inventory levels. The company's Q2 2023 preliminary results show expected revenues of $453 million-$457 million, lower than the consensus of $553.23 million. Matson also lowered 2023 and 2024 revenue and EPS estimates. Despite this, he believes new product launches and market share gains should enable continued growth in Masimo's medical unit.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 5:56 pm

CPT

BMO Capital Markets analyst John P. Kim upgraded Camden Property Trust (NYSE:CPT) to Outperform from Market Perform and increased the price target to $126 from $125. Kim expects CPT to 'mean-revert' in the near term due to its underperformance compared to peers. He is bullish on CPT's strong balance sheet and anticipates better FFO per share growth in 2024. Kim also expects a guidance raise due to a stronger employment background and lower-than-expected supply-related pressures.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 5:54 pm

ETSY

Etsy Inc (NASDAQ:ETSY) has sold its Brazilian marketplace Elo7, a move that is expected to increase the company's focus and profitability. The terms of the deal were not disclosed. Etsy acquired Elo7 in June 2021 for $217 million. The company's shares are currently trading higher by 0.71% at $94.07.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 5:50 pm

ESS

Stifel analyst Simon Yarmak has downgraded Essex Property Trust Inc (NYSE:ESS) to Hold from Buy, citing below-average FFO growth and market challenges. Despite ESS being one of the top-performing REITs this year, Yarmak believes the shares have had their run. He also reduced FFO estimates for 2023 and 2024. ESS shares are currently trading lower by 1.76% at $238.27.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 5:48 pm

MELI

A whale investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 63% of the spotted trades being bearish. The whales have been targeting a price range from $1050.0 to $1370.0 for MercadoLibre over the last 3 months. The price of MELI is up 1.07% at $1191.85, and RSI indicators suggest it may be approaching overbought. B of A Securities has downgraded its action to Neutral with a price target of $1350.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:46 pm

V

A significant investor has taken a bearish stance on Visa (NYSE:V), with 75% of the detected trades being bearish. The trades include 4 puts amounting to $773,700 and 12 calls amounting to $528,233. The targeted price range for Visa over the last 3 months has been $210.0 to $270.0. The current price of Visa is down by 1.3% at $240.83.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:45 pm

UUP

The June Retail Sales Report has sparked varying interpretations among economists, with some noting a cooling off of consumer activity and others highlighting the third consecutive month of positive retail spending. Industrial and manufacturing production contracted in June, while traders expect a 0.25% interest rate increase by the Federal Reserve. The U.S. dollar index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), rose by 0.1%.

Portfolio Pulse from Piero Cingari

July 18, 2023 | 5:38 pm

ADBE

A significant investor has taken a bearish stance on Adobe (NASDAQ:ADBE), with 57% of recent trades being bearish and 42% bullish. The trades include 5 puts totaling $325,150 and 16 calls totaling $947,221. The targeted price range for Adobe over the last 3 months has been $250.0 to $980.0. Goldman Sachs maintains a Buy rating on Adobe with a price target of $550, while BMO Capital has upgraded its action to Outperform with a price target of $570.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:31 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 55% bullish and 45% bearish. The price target for PANW, based on volume and open interest, ranges from $180 to $260. Several financial institutions, including Oppenheimer, JP Morgan, Morgan Stanley, RBC Capital, and BTIG, have maintained positive ratings on PANW, with price targets ranging from $277 to $307.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:30 pm