Streetbeat News

Analyst Ratings

COST

Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Costco Wholesale Corporation (NASDAQ:COST) and raised the price target from $540 to $575. Costco reported a better-than-expected June comp of (1.4%) versus the analyst's forecast of (2.0%). The analyst projects a July comp of 4.5% vs. 10.0% last year. The analyst raised 4Q23 comparable sales estimate to 1.7% from 1.0%. Costco's better-than-anticipated June comp reflects good execution and its value appeal to a cost-conscious consumer.

Portfolio Pulse from Shivani Kumaresan

July 07, 2023 | 5:58 pm

GD

General Dynamics's (NYSE:GD) short percent of float has fallen 13.33% since its last report, with 2.86 million shares sold short, which is 1.17% of all regular shares available for trading. It would take traders 2.79 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.18% for its peer group.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:46 pm

FCX

Freeport-McMoRan's (NYSE:FCX) short percent of float has fallen 10.07% since its last report, with 19.16 million shares sold short, which is 1.34% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:46 pm

F

Ford Motor's (NYSE:F) short percent of float has fallen 10.41% since its last report, with 165.24 million shares sold short, which is 4.56% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Ford. Compared to its peers, Ford has less short interest as a percentage of float, with an average of 10.93%.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:46 pm

CLH

Needham analyst James Ricchiuti has reiterated a Buy rating on Clean Harbors, Inc. (NYSE:CLH), raising the price target to $182 from $150. Ricchiuti believes that CLH's business is resilient and applauds its strong financial position. He predicts solid double-digit growth in adjusted EBITDA this year for the company's Environmental Services business. For FY23, the analyst raised the adjusted EBITDA estimate to $1.046 billion from $1.045 billion. CLH's shares are trading higher by 2.17% to $167.76.

Portfolio Pulse from Nabaparna Bhattacharya

July 07, 2023 | 5:42 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) stock is trading higher after Oppenheimer analyst Jed Kelly maintained an Outperform rating and raised its price target from $30 to $36. The company's NY handle share surpassed FanDuel for the first time since OSB launch in January 2022. DraftKings and FanDuel dominate market share in new OSB states, accounting for 70-80% and 75-85% of Handle and Gross gaming revenue in each market during April and May. DraftKings expects favorable legislation outcomes in either IA/IL/NY over the next 18 months.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 5:41 pm

PERI

Perion Network Ltd's stock is trading higher after Needham analyst Laura Martin raised the company's financial estimates and reiterated a Buy rating with a $42 price target. Martin increased her full-year 2023 estimates based on PERI's higher 2Q23 results. She now estimates FY23 gross revenue of $738.7 million, net revenue of $310.8 million, adjusted EBITDA of $160.2 million, and non-GAAP EPS of $2.95. Martin expects PERI to be one of the fastest-growing AdTech firms in her coverage for FY23.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 5:35 pm

EW

Edwards Lifesciences's (NYSE:EW) short percent of float has fallen 7.57% since its last report, with 10.29 million shares sold short, which is 1.71% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Edwards Lifesciences has less short interest.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:31 pm

ETN

Eaton Corp's (NYSE:ETN) short percent of float has fallen 9.27% since its last report, with 5.47 million shares sold short, which is 1.37% of all regular shares available for trading. It would take traders 2.67 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 10.15% for its peer group.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:31 pm

ET

Energy Transfer's (NYSE:ET) short percent of float has fallen 6.44% since its last report, with 53.18 million shares sold short, which is 1.89% of all regular shares available for trading. It would take traders 5.97 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.54%.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:31 pm