Streetbeat News

Analyst Ratings

TGTX

B. Riley Securities analyst Mayank Mamtani has reiterated a 'Buy' rating on TG Therapeutics (NASDAQ:TGTX) and maintained a price target of $42.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 5:58 pm

LVS

A significant bearish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. Whales have been targeting a price range from $35.0 to $65.0 for Las Vegas Sands over the last 3 months. The price of LVS is up 2.8% at $60.94. JP Morgan has maintained their Overweight rating on Las Vegas Sands, with a price target of $72.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:35 pm

GE

A significant amount of bearish options activity has been observed for General Electric (NYSE:GE), with 83% of investors opening trades with bearish expectations. The price target range for GE over the last 3 months has been $75.0 to $125.0. Citigroup and Wells Fargo have maintained their Buy and Equal-Weight ratings on GE respectively, with price targets of $126 and $105. GE's next earnings are expected in 12 days.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:35 pm

SHOP

Roth MKM analyst Darren Aftahi reiterated a Buy rating on Shopify Inc (NYSE: SHOP) and raised the price target from $68 to $73. The analyst surveyed SHOP merchants and found a median growth of 14.2% in 2Q23, up from 10.4% in Q123. About 90% of respondents used SHOP payments, 62% used SHOP shipping solutions, and 95% had a social commerce presence. The analyst expects 2Q23 revenue/non-GAAP operating income of $1.6 billion/$57.8 million, in line with consensus expectations. SHOP shares are trading higher by 6.04% at $69.02.

Portfolio Pulse from Shivani Kumaresan

July 13, 2023 | 5:33 pm

DVN

RBC Capital Markets analyst Scott Hanold has reiterated a Sector Perform rating on Devon Energy Corporation (DVN), but lowered the price target to $60 from $63 due to reduced commodity price forecast. The analyst lowered 2Q EPS estimates by $0.49 to $1.18, reflecting lower final benchmark commodity prices and wider price realizations. Hanold expects 2Q capital spending at $985 million, below the midpoint of the guidance and consensus estimates. DVN shares are trading lower by 0.86% to $50.65.

Portfolio Pulse from Nabaparna Bhattacharya

July 13, 2023 | 5:28 pm

CCI

BMO Capital Markets analyst Ari Klein initiated coverage on Crown Castle Inc (NYSE:CCI) with an Underperform rating and a price target of $113. Despite CCI's strong position as a U.S. tower operator and potential for higher share of initial 5G deployments, Klein expects CCI's adjusted FFO/share to decline by 1.7% in 2024 and 1.3% in 2025, with minimal dividend growth. CCI's AFFO/share growth is expected to lag peers over the next few years.

Portfolio Pulse from Lekha Gupta

July 13, 2023 | 5:25 pm

ADSK

A significant bearish stance has been taken on Autodesk (NASDAQ:ADSK) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $175.0 to $300.0 for Autodesk over the last 3 months. Currently, the price of ADSK is up 1.35% at $218.22. Rosenblatt has downgraded its action to Buy with a price target of $235.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:22 pm

SILV

Stifel analyst Stephen Soock has maintained a 'Buy' rating on SilverCrest Metals (AMEX:SILV) and raised the price target from C$12.5 to C$13.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 5:15 pm

MAG

Stifel analyst Stephen Soock maintains a 'Buy' rating on MAG Silver (AMEX:MAG) but has lowered the price target from $26 to $22.75.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 5:12 pm

BCEKF

Stifel analyst Stephen Soock has maintained a 'Buy' rating on Bear Creek Mining (OTC:BCEKF) but lowered the price target from C$2.7 to C$2.1.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 5:08 pm