Streetbeat News

Analyst Ratings

C

A significant investor has taken a bearish stance on Citigroup (NYSE:C), with 53% of recent trades being bearish and 46% bullish. The total amount for put options is $1,449,054 and for call options is $227,406. Whales have been targeting a price range from $40.0 to $55.0 for Citigroup over the last 3 months. B of A Securities maintains a Buy rating on Citigroup with a price target of $60, while RBC Capital and Morgan Stanley have downgraded their actions with price targets of $51 and $45 respectively.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 5:49 pm

LUV

Southwest Airlines Co (LUV) shares are trading higher by 3.82% to $35.30, potentially in sympathy with Delta Air Lines, which raised its Q2 and 2023 guidance. Delta anticipates revenue growth of 17%-18% for Q2 2023, up from the previous forecast of 15%-17%. For the full fiscal year 2023, the company now anticipates revenue growth of 17%-20%, up from the previous forecast of 15%-20%.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 5:48 pm

HA

Hawaiian Holdings shares are trading higher in sympathy with Delta Air Lines after Delta raised its Q2 and 2023 guidance at its Investor Day presentation.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 5:38 pm

DAL

JBLU

JetBlue Airways shares are trading higher following Delta Air Lines' raised Q2 and 2023 guidance at its Investor Day presentation.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 5:37 pm

DAL

JBLU

JetBlue Airways Corporation (JBLU) shares are trading higher by 9.69% to $8.83, potentially in sympathy with Delta Air Lines, Inc. (DAL) which raised its Q2 and 2023 guidance at its Investor Day presentation. Delta Air Lines anticipates revenue growth of 17%-18% for Q2 2023, up from the previous forecast of 15%-17%, and an EPS in the range of $2.25-$2.50, surpassing the consensus estimate of $2.17.

Portfolio Pulse from Henry Khederian

June 27, 2023 | 5:36 pm

BABA

PDD

Bernstein analyst Robin Zhu has downgraded Alibaba Group Holding Ltd (BABA) from Outperform to Market Perform, lowering the price target from $130 to $98. The downgrade is due to persistent low growth and merchant crowding issues. Alibaba's shares have traded in a range despite its cheap valuation. The company's large number of active merchants, almost double that of PDD Holdings Inc (PDD), is driving up search costs and putting pressure on merchant ROI. Concerns also exist about the Cloud spin-off due to potential U.S. sanction risk.

Portfolio Pulse from Anusuya Lahiri

June 27, 2023 | 5:32 pm

NVDA

SNOW

TSLA

TSM

Nvidia Corp (NVDA) is benefiting from the artificial intelligence boom, with Snowflake Inc (SNOW) using Nvidia's technology for AI applications and a strong demand for Nvidia GPUs in China. However, Tesla Inc (TSLA) is planning to reduce its reliance on Nvidia by developing its own AI chips. Despite the positive outlook, a finance professor at NYU values Nvidia's shares at $240, well below the current price of $415.08.

Portfolio Pulse from Anusuya Lahiri

June 27, 2023 | 5:26 pm

LLY

NRBO

NVO

NeuroBo Pharmaceuticals' weight loss candidate, DA-1726, has shown superior weight loss efficacy in preclinical testing compared to Semaglutide and Tirzepatide, products of Novo Nordisk and Eli Lilly respectively. DA-1726 also demonstrated superior efficacy compared to cotadutide in reducing body weight and improving plasma glucose, insulin, and HOMA-IR in diet-induced obese mice. NeuroBo plans to initiate a phase 1a safety study for DA-1726 in 1H of 2024.

Portfolio Pulse from Vandana Singh

June 27, 2023 | 5:20 pm

CARS

JP Morgan has initiated coverage on Cars.Com with an Overweight rating and a price target of $23. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 5:19 pm

CTRA

JP Morgan has upgraded Coterra Energy's stock from Neutral to Overweight, leading to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 5:17 pm