Streetbeat News

Analyst Ratings

RXRX

Keybanc analyst Scott Schoenhaus maintains an Overweight rating on Recursion Pharmaceuticals (NASDAQ:RXRX) and raises the price target from $12 to $15.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 8:42 am

PH

Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Parker Hannifin (NYSE:PH) and raises the price target from $390 to $450.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 8:41 am

OMCL

Keybanc analyst Scott Schoenhaus maintains an Overweight rating on Omnicell (NASDAQ:OMCL) and raises the price target from $70 to $80.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 8:40 am

ITT

Keybanc analyst Jeffrey Hammond maintains an Overweight rating on ITT (NYSE:ITT) and raises the price target from $100 to $110.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 8:39 am

LPTX

Raymond James analyst Steven Seedhouse maintains an Outperform rating on Leap Therapeutics (NASDAQ:LPTX) and raises the price target from $17 to $18.5.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 8:38 am

HRI

Keybanc analyst Ken Newman has maintained an Overweight rating on Herc Hldgs (NYSE:HRI) and raised the price target from $150 to $170.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 8:37 am

CDNS

Keybanc analyst Jason Celino maintains an Overweight rating on Cadence Design Sys (NASDAQ:CDNS) and raises the price target from $235 to $265.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 8:36 am

DIS

Walt Disney Co. (NYSE:DIS) has extended CEO Bob Iger's tenure until Dec. 31, 2026. KeyBanc Capital Markets analyst Brandon Nispel views this as neutral to the stock, suggesting the company hasn't found a clear successor for the CEO and CFO positions. The extension may also be related to ongoing restructuring and cost-saving initiatives. Iger returned as CEO in November 2022 after the company faced multiple challenges under his successor Bob Chapek.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 7:18 am

CAG

DAL

DIS

PGR

The CNN Money Fear and Greed index showed improved sentiment among U.S. investors following the release of inflation data. The S&P 500 and the Nasdaq reached their strongest levels since April 2022. The annual inflation rate in the U.S. eased to 3% in June, the lowest level since March 2021. Investors are expecting a 25 bps rate hike at the Federal Reserve’s July meeting. The Walt Disney Company extended Bob Iger's contract as CEO through 2026. Investors are awaiting earnings results from Delta Air Lines, Conagra Brands, and The Progressive Corporation.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 7:00 am

LCID

RIVN

TSLA

Lucid Group's shares fell over 11% after Q2 deliveries missed expectations and production dropped. The company's year-to-date deliveries were at 2,810 units, risking its 2023 guidance of 10,000 units. Analyst Gary Black stated that without Saudi Arabia's 65% ownership, Lucid's stock would likely be half its current value. He compared Lucid to Rivian Automotive, which is on track to deliver 50,000 units in 2023 and has an enterprise value of $15 billion, while Lucid is likely to deliver 6,000 vehicles and has an enterprise value of $16 billion.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 5:33 am