Streetbeat News

Analyst Ratings

LIFE

Oppenheimer has downgraded aTyr Pharma Inc (NASDAQ:LIFE) to Perform from Outperform, citing a lack of material catalysts in the next few quarters. The analyst has also removed the price target of $17. The company's cash balance was $117.6 million as of March 31, sufficient to provide a cash runway into 2026. LIFE shares are down 5.61% at $2.11 during the premarket session.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 7:35 pm

FCX

A significant amount of unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a bullish stance taken by a majority of investors. The targeted price range for the company over the last three months has been between $30.0 and $47.0. The current price of FCX is down by 4.04% at $39.12. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $38, while Bernstein downgraded its action to Market Perform with a price target of $41.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 7:31 pm

MU

A whale investor has taken a bullish stance on Micron Technology (NASDAQ:MU), with 53% of investors opening trades with bullish expectations. The whale has been targeting a price range from $50.0 to $75.0 for Micron Technology over the last 3 months. The price of MU is currently down -2.5% at $62.3. Several experts have maintained their positive ratings on Micron Technology, with price targets ranging from $70 to $80.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 7:31 pm

FIS

Private equity groups are considering purchasing a majority stake in Worldpay from Fidelity National Information Services Inc (FIS) at a valuation exceeding $15 billion. Truist analyst Andrew W. Jeffrey reiterated a Hold rating on FIS with a price target of $60.00, recommending investors to focus on Legacy processors. Morgan Stanley analyst James Faucette had an Overweight rating on the stock with a price target of $79, seeing the stock as undervalued with a long-term opportunity for accelerated growth. Oppenheimer analyst Dominick Gabriele had a Perform rating on FIS.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 7:29 pm

CMCSA

PARA

WBD

Benchmark analyst Matthew Harrigan has reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a price target of $26.00. The potential sale of CNN to ex-CEO Jeff Zucker, if funded primarily by the UAE, could raise political and regulatory concerns. The sale would necessitate a comprehensive CFIUS review. The analyst also mentioned that CNN live programming could be a building block for the Max streaming service, and could potentially enable a merger with Comcast Corp (NASDAQ: CMCSA)-owned NBCUniversal.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 7:23 pm

DIS

A large investor has taken a bullish stance on Walt Disney (NYSE:DIS), with 21 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 52% bullish and 47% bearish. The whales have been targeting a price range from $50.0 to $160.0 for Walt Disney over the last 3 months. The price of DIS is currently down -0.89% at $89.69.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 7:15 pm

LVS

A significant bearish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $35.0 to $67.5 for Las Vegas Sands over the last 3 months. Jefferies has downgraded its action to Hold with a price target of $65, while JP Morgan maintains their Overweight rating with a price target of $72.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 7:15 pm

NKE

QQQ

SPY

TSLA

Benzinga's AI-powered portfolio, managed by OpenAI's ChatGPT, slipped from seventh to fifth place in the eighth week of a six-month experiment comparing its performance against 10 leading U.S. equity funds. The portfolio, which started with a hypothetical $10,000, is currently up 8.6% over seven weeks. Tesla Inc (TSLA) continues to be the star performer in the portfolio, up 65.46% since the position was taken, while Nike Inc (NKE) is the biggest loser, down 8.75%.

Portfolio Pulse from AJ Fabino

July 05, 2023 | 7:15 pm

SF

Stifel has released a note stating that Rivada has received a waiver from the International Telecommunication Union (ITU) for its Low Earth Orbit (LEO) constellation. This allows Rivada to proceed with its second milestone of deploying 300 satellites.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 7:09 pm

GLPI

In the last quarter, Gaming and Leisure Props (NASDAQ:GLPI) received six somewhat bullish ratings and one indifferent rating from analysts. The average price target is $56.71, indicating an upside from the current price of $48.48. However, this average has decreased by 5.48% from the previous average price target of $60.00.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 7:01 pm