Streetbeat News

Analyst Ratings

FDX

A significant bearish stance has been taken on FedEx (NYSE:FDX) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $210.0 to $310.0 for FedEx over the last 3 months. Analysts from Stifel, Raymond James, Argus Research, and Citigroup maintain a Buy or Outperform rating on FedEx, while Morgan Stanley downgraded its action to Equal-Weight.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:32 pm

SHOP

A whale investor has taken a bullish stance on Shopify (NYSE:SHOP), with 52% of investors opening trades with bullish expectations and 47% with bearish. The whale has been targeting a price range from $30.0 to $92.0 for Shopify over the last 3 months. Jefferies has maintained their Hold rating on Shopify, with a price target of $65. JMP Securities downgraded its action to Market Outperform with a price target of $70.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:31 pm

ATUSF

Scotiabank analyst Orest Wowkodaw has maintained a 'Sector Perform' rating on Altius Minerals (OTC:ATUSF) and raised the price target from C$21 to C$22.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:30 pm

SIRI

SPOT

Benchmark analyst Matthew Harrigan reiterated a Buy rating for Sirius XM Holdings Inc (NASDAQ:SIRI) with a $6 price target. SiriusXM stock advanced 4.6% Tuesday, backed by the closure of the Stitcher podcast app. SiriusXM is migrating listeners to its SXM app ahead of a new streaming experience debuting later this year. The company is also looking to enhance the vehicular experience while transforming its product and perception from in-car listening consumption. SiriusXM has the potential to reach a double-digit stock price over Benchmark’s forecast through 2026.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 6:30 pm

DAL

Susquehanna and Morgan Stanley analysts have reiterated positive ratings on Delta Air Lines, Inc. (NYSE:DAL), raising the price target to $54 and $70 respectively. The airline recently revised its FY23 outlook and reiterated its FY24 targets. Potential upside catalysts include the widespread distribution of the CV-19 vaccines, easing of travel restrictions, solid booking trends, and a decline in fuel prices. The analysts believe that if 2023 EPS comes in comfortably above the 2024 target of $7, it puts DAL firmly on the path to achieving $10 EPS.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 6:29 pm

TECK

Scotiabank analyst Orest Wowkodaw has maintained a 'Sector Outperform' rating on Teck Resources (NYSE:TECK), but lowered the price target from C$75 to C$72.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:29 pm

JOBY

Canaccord Genuity analyst Austin Moeller has reiterated a 'Buy' rating on Joby Aviation (NYSE:JOBY) and maintained an $8 price target.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:26 pm

BMY

A significant bearish stance has been taken on Bristol-Myers Squibb (NYSE:BMY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 40% bullish and 60% bearish. The whales have been targeting a price range from $60.0 to $75.0 for Bristol-Myers Squibb over the last 3 months. The current price of BMY is down -1.56% at $63.74. Truist Securities has downgraded its action to Buy with a price target of $84.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:18 pm

LQDA

Needham analyst Serge Belanger has maintained a 'Buy' rating on Liquidia (NASDAQ:LQDA) and kept the price target at $18.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:17 pm

MDB

Tigress Financial analyst Ivan Feinseth maintains a 'Buy' rating on MongoDB (NASDAQ:MDB) and raises the price target from $365 to $490.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:16 pm