Streetbeat News

Analyst Ratings

TSX:CPX

Scotiabank analyst Jessica Hoyle has reiterated a 'Sector Perform' rating on Capital Power (TSX:CPX) and maintained a price target of C$52.

Portfolio Pulse from richadhand@benzinga.com

June 30, 2023 | 2:40 pm

BHG

Nephron Research analyst Joshua Raskin has upgraded Bright Health Gr (NYSE:BHG) from Hold to Buy and set a price target of $85.

Portfolio Pulse from richadhand@benzinga.com

June 30, 2023 | 2:38 pm

TSX:DIR

Scotiabank analyst Himanshu Gupta has reiterated a 'Sector Outperform' rating on Dream Industrial REIT (TSX:DIR) and maintained a price target of C$17.5.

Portfolio Pulse from richadhand@benzinga.com

June 30, 2023 | 2:32 pm

MSFT

Microsoft's (NASDAQ:MSFT) short percent of float has risen 5.26% since its last report, with 44.27 million shares sold short, which is 0.6% of all regular shares available for trading. It would take traders 1.6 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Microsoft's peer group average for short interest as a percentage of float is 5.55%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:30 pm

MRVL

Marvell Tech's (NASDAQ:MRVL) short percent of float has fallen 23.76% since its last report, with 22.43 million shares sold short, which is 3.08% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Marvell Tech has less short interest as a percentage of float, with an average of 4.71%.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:30 pm

MPWR

Monolithic Power Systems's (NASDAQ:MPWR) short percent of float has risen 10.15% since its last report, with 2.27 million shares sold short, which is 6.4% of all regular shares available for trading. It would take traders 3.8 days to cover their short positions on average. The company's short interest is higher than its peer group average of 4.57%.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 2:30 pm

PRGS

Progress Software reported better-than-expected Q2 financial results and issued Q3 and FY23 guidance above estimates. Oppenheimer raised its price target for the company from $63 to $66.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 2:29 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) has expanded its distribution partnership with 4blue, a wholesaler of solar and battery systems, eyeing growth in Europe. B. Riley analyst Christopher Southern upgraded the rating for Enphase Energy from Neutral to Buy, while reducing the price target from $247 to $214. International revenues, which account for nearly 35% of the company's total revenues, could double this year as the company is still in the early stages of penetrating multiple key markets.

Portfolio Pulse from Priya Nigam

June 30, 2023 | 2:28 pm

ACCD

ALVO

APPS

ARQT

ATXG

AUPH

BLCO

CBAY

CCL

FRD

GOGN

MVIS

NIO

RXT

SGH

SVRA

TOP

VTRU

XPEV

U.S. stocks traded higher on Friday with the Dow Jones gaining over 200 points. Several companies saw significant gains, including Addentax Group Corp., CymaBay Therapeutics, TOP Financial Group Limited, Friedman Industries, Rackspace Technology, MicroVision, XPeng Inc., Alvotech, Digital Turbine, Savara Inc., Vitru Limited, Arcutis Biotherapeutics, Aurinia Pharmaceuticals Inc., Accolade, Inc., Bausch + Lomb Corporation, Carnival Corporation, SMART Global Holdings, Inc., GoGreen Investments Corporation, and NIO Inc.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 2:27 pm

TSX:CJR

Scotiabank analyst Maher Yaghi has maintained a 'Sector Perform' rating on Corus Entertainment (TSX:CJR) and lowered the price target from C$2.3 to C$1.9.

Portfolio Pulse from richadhand@benzinga.com

June 30, 2023 | 2:27 pm