Streetbeat News

Analyst Ratings

CCL

RCL

Carnival Corp (CCL) reported upbeat Q2 FY23 results, with 2023 EBITDA raised to $4.1-4.25 billion and long-term targets ahead of expectations. CCL also announced its SEA Change Program, setting performance targets through 2026. Analysts from BofA Securities, Truist Securities, and Susquehanna provided their views on the results and set new price targets. CCL shares traded higher by 8.2% at $15.80.

Portfolio Pulse from Shivani Kumaresan

June 27, 2023 | 7:11 pm

ACET

JMP Securities has downgraded Adicet Bio Inc (NASDAQ:ACET) to a Market Perform and removed the price target of $19 due to uncertainty regarding the start of pivotal studies. The rating is based on an expected cash balance of $114.3 million at the end of Q1 2024, with 43.1 million shares outstanding, resulting in a value of $2.65. The shares have tanked after the company released shared safety and efficacy data from its Phase 1 study of ADI-001 for relapsed or refractory aggressive B-cell non-Hodgkin's lymphoma (NHL).

Portfolio Pulse from Vandana Singh

June 27, 2023 | 7:08 pm

FCX

A significant amount of unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a majority of investors taking a bullish stance. The targeted price range for the company over the last three months has been between $25.0 and $45.0. The current price of FCX is up 2.92% at $40.41, and the next earnings are expected in 23 days. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $38.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 7:03 pm

CVX

A whale investor has taken a bearish stance on Chevron (NYSE:CVX), with 70% of the spotted trades being bearish. The whales have been targeting a price range from $140.0 to $210.0 for Chevron over the last 3 months. The price of CVX is currently down -0.31% at $153.54. JP Morgan, RBC Capital, and Piper Sandler have upgraded their ratings on Chevron with price targets of $170, $180, and $188 respectively.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 7:03 pm

GMS

Truist Securities analyst Keith Hughes has reiterated a Hold rating on GMS Inc. (NYSE:GMS) and raised the price target to $72 from $60. GMS reported Q4 FY23 sales growth of 1.2% Y/Y to $1.304 billion, surpassing the consensus of $1.27 billion. The analyst increased the FY 2024 EBITDA estimate to $596 million from $507 million. However, Hughes believes that the housing outlook and potential pressure on wallboard pricing will limit multiple expansions.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2023 | 7:02 pm

AHCO

AdaptHealth (NASDAQ:AHCO) has received mixed analyst ratings in the last quarter, with 3 bullish, 3 somewhat bullish, and 3 indifferent ratings. The average 12-month price target for the company has decreased by 26.77% from $21.44 to $15.7. Analysts determine these ratings based on the company's future earnings potential and the predictability of its revenue streams.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 7:01 pm

GOOGL

In the last quarter, Alphabet (NASDAQ:GOOGL) has received mostly bullish ratings from analysts. The company's average price target has increased by 2.76% from the previous average price target of $124.60 to $128.04. In the last 3 months, 24 analysts have offered 12-month price targets for Alphabet.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 7:01 pm

WH

Over the past three months, seven analysts have published their opinions on Wyndham Hotels & Resorts (NYSE:WH) stock. The analysts, typically employed by large Wall Street banks, have given two bullish and five somewhat bullish ratings. The average price target is $85.57, compared to the current price of $66.61. This average has decreased by 5.97% from the previous average price target of $91.00.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 7:01 pm

CZR

Analysts have provided various ratings for Caesars Entertainment (NASDAQ:CZR) within the last quarter, with 1 bullish, 1 somewhat bullish, and 2 indifferent. The average price target is $62.75, compared to the current price of $48.2, implying an upside. The average price target has increased by 14.78% over the past month.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 7:01 pm

RRR

In the last quarter, Red Rock Resorts (NASDAQ:RRR) received 1 bullish, 5 somewhat bullish, and 2 indifferent ratings from analysts. The company's average 12-month price target is $52.62, with a high of $56.00 and a low of $50.00. The average price target has increased by 1.19% over the past month.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 7:00 pm