Streetbeat News

Analyst Ratings

CAT

Caterpillar's (NYSE:CAT) short percent of float has risen 5.59% since its last report, with 7.80 million shares sold short, which is 1.51% of all regular shares available for trading. It would take traders 1.97 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Caterpillar's peer group average for short interest as a percentage of float is 5.08%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 1:46 pm

CARR

Carrier Global's (NYSE:CARR) short percent of float has risen 8.86% since its last report, with 25.46 million shares sold short, which is 3.44% of all regular shares available for trading. It would take traders 4.76 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Carrier Global's peer group average for short interest as a percentage of float is 4.09%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 1:46 pm

EMN

Piper Sandler analyst Charles Neivert has maintained an Overweight rating on Eastman Chemical (NYSE:EMN) but lowered the price target from $99 to $96.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 1:44 pm

GOOGL

META

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, META, GOOGL, TSLA, and NVDA. The memo suggests monitoring these stocks for potential breakouts or reversals. The US equity futures have declined following the release of FOMC minutes hinting at a potential tightening of monetary policy. The memo also mentions that tech received a boost yesterday driven by Meta and NVIDIA, but overnight selling pressure has brought the QQQ towards the support level.

Portfolio Pulse from RIPS

July 06, 2023 | 1:43 pm

COF

Piper Sandler analyst Kevin Barker maintains a Neutral rating on Capital One Financial (COF) and raises the price target from $107 to $112.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 1:41 pm

ULCC

Morgan Stanley analyst Ravi Shanker has reiterated an Overweight rating on Frontier Group Holdings (NASDAQ:ULCC) and maintained a $19 price target.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:41 pm

SG

Sweetgreen Inc's (NYSE:SG) stock is trading higher by 5.98% after B of A Securities analyst Sara Senatore upgraded the shares from Neutral to Buy and raised the price target from $9 to $17. The company also announced it will release its Q2 2023 financial results on July 27.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 1:40 pm

CNFR

Piper Sandler analyst Paul Newsome maintains an Underweight rating on Conifer Holdings (NASDAQ:CNFR) and lowers the price target from $1.7 to $1.65.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 1:40 pm

FHTX

Morgan Stanley analyst Vikram Purohit maintains an Equal-Weight rating on Foghorn Therapeutics (NASDAQ:FHTX) and lowers the price target from $13 to $10.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:39 pm

CINF

Piper Sandler analyst Paul Newsome has maintained a Neutral rating on Cincinnati Financial (NASDAQ:CINF) and lowered the price target from $115 to $113.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 1:39 pm