Streetbeat News

Analyst Ratings

NIO

Morgan Stanley analyst Tim Hsiao has reiterated an Overweight rating on NIO (NYSE:NIO) and maintained a $12 price target.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:42 am

CASY

CHD

ODC

USFD

Four consumer staples stocks, Casey's General Stores (CASY), Church & Dwight (CHD), Oil-Dri Corporation of America (ODC), and US Foods Holding Corp. (USFD), are considered overbought with RSI values above 70, indicating they may be overvalued. CASY reported downbeat quarterly sales but closed the fiscal year with record growth. CHD is set to discuss Q2 earnings on July 28, 2023. ODC announced price increases on its products. Morgan Stanley upgraded USFD from Equal-Weight to Overweight and raised the price target from $46 to $54.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 11:42 am

CP

Credit Suisse analyst Ariel Rosa maintains a Neutral rating on Canadian Pacific Kansas (NYSE:CP) and raises the price target from $81 to $87.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:41 am

PNR

Oppenheimer analyst Bryan Blair maintains an Outperform rating on Pentair (NYSE:PNR) and raises the price target from $72 to $78.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:40 am

RIVN

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) surged in premarket trading following a positive second-quarter deliveries report. Needham analyst Chris Pierce reiterated a 'buy' rating and raised the price target from $26 to $28, suggesting a 43% upside. The company's Q2 production number of about 14,000 units marked a 50% quarter-over-quarter increase, suggesting that production bottleneck concerns were easing.

Portfolio Pulse from Shanthi Rexaline

July 05, 2023 | 11:39 am

CABO

Wells Fargo analyst Steven Cahall has reiterated his 'Underweight' rating on Cable One (NYSE:CABO), maintaining a price target of $670.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:38 am

CCOI

IPG

NXST

Benzinga has highlighted three high-yielding stocks in the communication services sector recommended by Wall Street's most accurate analysts. These include Cogent Communications Holdings, Inc. (NASDAQ:CCOI) with a dividend yield of 5.56%, The Interpublic Group of Companies, Inc. (NYSE:IPG) with a yield of 3.21%, and Nexstar Media Group, Inc. (NASDAQ:NXST) with a yield of 3.24%. Recent news for these companies include weaker-than-expected Q1 results for Cogent, better-than-expected Q1 earnings for Interpublic, and a new carriage dispute for Nexstar.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 11:35 am

APLE

Barclays analyst Anthony Powell maintains an Overweight rating on Apple Hospitality REIT (NYSE:APLE) and raises the price target from $19 to $20.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:34 am

ABBV

JNJ

PTGX

Protagonist Therapeutics Inc (PTGX) announced positive results from the Phase 2b FRONTIER 1 trial of JNJ-2113, a psoriasis treatment developed by Janssen Biotech, a unit of Johnson & Johnson (JNJ). The drug hit its primary and secondary endpoints, showing significant improvements in skin lesions. However, it fell short of rival treatment Skyrizi, commercialized by AbbVie Inc (ABBV), in terms of PASI 90 score. PTGX shares are up 3.41% premarket.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 11:33 am

BTCY

HC Wainwright & Co. analyst Kevin Dede has reiterated a 'Buy' rating on Biotricity (NASDAQ:BTCY) and raised the price target from $2 to $4.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:26 am