Streetbeat News

Analyst Ratings

ATVI

MSFT

QQQ

SPY

TSLA

US stocks are expected to start the new week cautiously following strong gains in the past week. The earnings news flow will pick up pace from Tuesday, with several financial and tech companies due to report. The S&P 500 and the Nasdaq Composite Index closed off a 15-month high, and the Dow Industrials ended at its highest level since Nov. 30, 2022. Analyst Ryan Detrick of Carson Group sees scope for further upside. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.18% and the Invesco QQQ ETF (NASDAQ:QQQ) edged down 0.05%. Tesla, Inc. (NASDAQ:TSLA) rose over 1.50% in premarket trading, while Activision Blizzard, Inc. (NASDAQ:ATVI) rallied over 4% after the FTC lost its appeal to block the videogame software manufacturer's deal with Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 11:12 am

STT

UBS analyst Brennan Hawken has downgraded State Street (NYSE:STT) from Buy to Neutral and lowered the price target from $90 to $72.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 11:12 am

TDS

Citigroup analyst Michael Rollins has downgraded Telephone and Data Systems (NYSE:TDS) from Buy to Neutral and lowered the price target from $14 to $8.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 11:11 am

FYBR

Citigroup analyst Michael Rollins has downgraded Frontier Communications (NASDAQ:FYBR) from Buy to Neutral and lowered the price target from $30 to $17.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 11:10 am

T

Citigroup analyst Michael Rollins has downgraded AT&T from Buy to Neutral and lowered the price target from $22 to $16.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 11:09 am

CRMT

Stephens & Co. analyst Vincent Caintic has upgraded America's Car-Mart (NASDAQ:CRMT) from Equal-Weight to Overweight and announced a price target of $136.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 11:07 am

ARGX

Evercore ISI Group analyst Gavin Clark-Gartner has reinstated argenx (NASDAQ:ARGX) with an Outperform rating and maintained a $436 price target.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 10:56 am

BLDR

CNK

DPZ

MHO

UBER

Five of Wall Street's most accurate analysts have made new stock picks. Zachary Fadem from Wells Fargo maintained an Equal-Weight rating on Domino's Pizza (DPZ) and sees a 3% downside. Seldon Clarke from Deutsche Bank maintained a Buy rating on Builders FirstSource (BLDR) and sees a 16% upside. Eric Wold from B. Riley Securities upgraded Cinemark Holdings (CNK) to Buy and sees a 48% upside. Justin Post from B of A Securities maintained a Buy rating on Uber Technologies (UBER) and sees a 14% upside. Jay McCanless from Wedbush maintained an Outperform rating on M/I Homes (MHO) and sees a 17% surge.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 10:50 am

IMCR

Canaccord Genuity analyst Bill Maughan has initiated coverage on Immunocore Hldgs (NASDAQ:IMCR) with a Hold rating and a price target of $67.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 10:36 am

ARMK

Bernstein analyst Harry Martin has assumed Aramark (NYSE:ARMK) with an Outperform rating and announced a price target of $49.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 10:22 am