Streetbeat News

Analyst Ratings

MCO

Analysts have provided various ratings for Moody's (NYSE:MCO) within the last quarter, with 1 bullish, 3 somewhat bullish, and 3 indifferent. According to 7 analysts offering 12-month price targets in the last 3 months, Moody's has an average price target of $345.71, with a high of $400.00 and a low of $312.00. This average price target has increased by 7.7% over the past month.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:00 pm

FFBC

PIPR

Piper Sandler Companies upgraded shares of First Financial Bancorp (NASDAQ:FFBC) from Neutral to Overweight and increased the price target from $23 to $24. The upgrade is due to the bank's solid performance in the recent rate cycle, its strong market position in Cincinnati and other major Midwest cities, and its consistently strong return profile. The bank's Net Interest Margin (NIM) increased from 3.15% to 4.55% over the past 12 months. The analyst predicts a NIM decrease to ~3.90-4.00% by the fourth quarter of this year or the first quarter of next year.

Portfolio Pulse from AJ Fabino

July 10, 2023 | 5:58 pm

FSLR

BMO Capital Markets analyst Ameet Thakkar initiated coverage on First Solar Inc (NASDAQ:FSLR) with a Market Perform rating and a price target of $204. Thakkar sees FSLR as the only significant U.S. producer of domestic solar modules and a 'winner' under the inflation reduction act (IRA). However, he is cautious about the stock due to falling global prices for solar modules and the rise in capacity in the U.S.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 5:47 pm

SCHW

JMP Securities analyst Devin Ryan has upgraded Charles Schwab Corp (NYSE:SCHW) to Market Outperform from Market Perform with a price target of $73. Ryan expects challenging Q2 operating results in Financial Services and FinTech industry, but sees stabilization in cash sorting in the retail brokerage and wealth management category. The analyst revised the estimate for EPS to $0.69 from $0.79 for Q2 2023, and to $3.20 from $3.45 for 2023. For 2024, the EPS estimate is now $3.80, down from $3.90.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 5:45 pm

SHEL

Shell's (NYSE:SHEL) short percent of float has risen 6.67% since its last report, with 5.42 million shares sold short, representing 0.16% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Shell. However, compared to its peers, Shell has less short interest as a percentage of float, with an average of 1.73%.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:45 pm

RMD

ResMed's (NYSE:RMD) short percent of float has fallen 28.57% since its last report, with 1.03 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. ResMed's short interest as a percentage of float is lower than its peer group average of 3.63%.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:45 pm

AAN

FMC

MELI

Several US stocks recorded losses on Monday, despite the Dow Jones gaining around 100 points. The Aaron's Company, Inc. (AAN) shares dropped 12.2% after Loop Capital downgraded the stock from Buy to Hold. FMC Corporation (FMC) declined 11.3% after issuing weak revenue guidance. MercadoLibre, Inc. (MELI) dropped 6.7% after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 5:35 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among big-money traders is 35% bullish and 65% bearish. The price range targeted by these traders over the last 3 months is $430.0 to $480.0. Meanwhile, several financial institutions have maintained or downgraded their ratings on UNH, with price targets ranging from $527 to $600.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:33 pm

INTU

A significant bullish stance has been taken on Intuit (NASDAQ:INTU) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 68% bullish and 31% bearish. The whales have been targeting a price range from $380.0 to $560.0 for Intuit over the last 3 months. Currently, the price of INTU is up 3.69% at $464.72. Mizuho has downgraded its action to Buy with a price target of $550.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:33 pm

DPZ

Oppenheimer has raised its price target on Domino's Pizza from $375 to $400, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 5:18 pm