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Analyst Ratings

KNX

SNDR

UNP

Benchmark analyst Christopher Kuhn reiterated a Buy rating for Schneider National Inc (SNDR) with a $34 price target, despite lowering estimates ahead of its 2Q 2023 report. The lack of a seasonal uptick in 2Q has led to lower Intermodal volumes, impacting margins. Truckload volumes and rates were also lower in 2Q. However, the company's shift from truckload to intermodal and dedicated, and its plan to double its intermodal business by 2030, are seen as positive long-term strategies. The analyst reduced his 2Q 2023, FY 2023, and 2024 EPS estimates due to lower Intermodal, Truckload, and Logistics revenue and margins.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 5:47 pm

DD

DuPont de Nemours's (NYSE:DD) short percent of float has risen 4.29% since its last report, with 7.78 million shares sold short, which is 1.7% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, DuPont de Nemours has less short interest.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:46 pm

D

Dominion Energy's (NYSE:D) short percent of float has decreased by 7.58% since its last report, with 5.12 million shares sold short, representing 0.61% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Dominion Energy has less short interest, with an average of 1.98% for its peer group.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:46 pm

CVX

Chevron's (NYSE:CVX) short percent of float has risen 12.36% since its last report, with 18.83 million shares sold short, which is 1.0% of all regular shares available for trading. It would take traders 2.41 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Chevron's peer group average for short interest as a percentage of float is 1.61%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:46 pm

OXY

A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $30.0 to $72.5 for Occidental Petroleum over the last 3 months. Stephens & Co. downgraded its action to Overweight with a price target of $72, while Piper Sandler maintained their Neutral rating with a price target of $62.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:33 pm

GE

A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a bearish stance being taken by a majority of investors. Of the 13 strange trades detected, 53% were bearish and 46% were bullish. The total amount for puts was $553,351 and for calls was $448,387. Whales have been targeting a price range from $95.0 to $125.0 for GE over the last 3 months. Barclays has maintained their Overweight rating on GE, with a price target of $125.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:33 pm

MSFT

Morgan Stanley analyst Keith Weiss maintains an Overweight rating on Microsoft Corp (NASDAQ:MSFT) and raises the price target from $335 to $415. Weiss believes that Microsoft is well-positioned to benefit from the rapid innovation in Generative AI technologies, which could lead to significant productivity gains in enterprise software. He estimates a $90 billion incremental opportunity for Microsoft in FY25 and raises his GAAP EPS estimates for FY25 from $13.59 to $13.84. MSFT shares traded higher by 1.16% at $342.07 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 5:30 pm

UPST

Shares of Upstart are trading lower in sympathy with peer Affirm after Piper Sandler downgraded Affirm's stock from Neutral to Underweight. The stock may also be affected by overall market weakness due to concerns over further rate hikes.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 5:26 pm

DASH

A significant bearish stance has been taken on DoorDash (NYSE:DASH) as indicated by unusual options activity. The sentiment among big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $73.0 to $95.0 for DoorDash over the last 3 months. The price of DASH is currently down -3.54% at $76.27. Gordon Haskett and Wells Fargo have downgraded their actions on DoorDash with price targets of $72 and $70 respectively.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:17 pm

TXN

A significant bearish stance has been taken on Texas Instruments (NASDAQ:TXN) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $100.0 to $260.0 for Texas Instruments over the last 3 months. Susquehanna has downgraded its action to Positive with a price target of $205.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:16 pm