Streetbeat News

Analyst Ratings

VALE

Shares of Vale are trading lower following downgrades by analysts at Exane BNP Paribas and Scotiabank.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 5:46 pm

AEP

American Electric Power's (NASDAQ:AEP) short percent of float has fallen 3.17% since its last report, indicating a more bullish sentiment towards the stock. The company has 6.28 million shares sold short, which is 1.22% of all regular shares available for trading. Compared to its peers, AEP has less short interest as a percentage of float, with the average being 2.24%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:45 pm

ADSK

Autodesk's (NASDAQ:ADSK) short percent of float has risen 11.28% since its last report, with 3.16 million shares sold short, which is 1.48% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Autodesk's peer group average for short interest as a percentage of float is 3.50%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:45 pm

XPOF

Xponential Fitness shares are trading higher on high volume, possibly rebounding after the company issued a statement in response to Fuzzy Panda Research's short report.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 5:21 pm

XPOF

Xponential Fitness, Inc. (NYSE:XPOF) has issued a statement in response to a short-seller report, confirming the health and strength of its business operations. The company denounced the report as misleading and inaccurate, and reassured investors of its strong financial results, scalable business model, and strong free cash flow generation. The company also highlighted the strength of its franchise system, its compliance with all debt covenants, and its commitment to ethics, diversity, and inclusion.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 5:15 pm

FCNCA

Atlantic Equities has initiated coverage on First Citizens BancShares with an Overweight rating and a price target of $1,775. This has led to an increase in the trading of the company's shares.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 5:08 pm

DVN

Unusual options activity has been observed for Devon Energy (NYSE:DVN), with a large position indicating a bullish stance. The sentiment among these big-money traders is 77% bullish and 22% bearish. The targeted price range for Devon Energy over the last 3 months is $35.0 to $60.0. The current price of DVN is up 0.63% at $47.62. Analysts from Mizuho, Piper Sandler, and Goldman Sachs have given buy ratings with price targets of $65, $71, and $58 respectively.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:04 pm

ORCL

A significant number of investors have taken a bearish stance on Oracle (NYSE:ORCL), with 57% of recent trades being bearish and 42% bullish. The total amount for puts is $1,273,872 and for calls is $335,385. Whales have been targeting a price range from $105.0 to $130.0 for Oracle over the last 3 months. The current price of ORCL is $117.54, down 0.25%. Analysts from Citigroup, Evercore ISI Group, Goldman Sachs, Barclays, and UBS have maintained neutral ratings on Oracle, with price targets ranging from $106 to $120.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 5:03 pm

LYFT

DA Davidson analyst Tom White has reiterated a Neutral rating on Lyft (NASDAQ:LYFT) and maintained a price target of $9.75.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 5:02 pm

MNMD

HC Wainwright & Co. analyst Patrick Trucchio has reiterated a 'Buy' rating on Mind Medicine (NASDAQ:MNMD) and maintained a $75 price target.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 5:02 pm