Streetbeat News

Analyst Ratings

CMI

Evercore ISI Group has maintained its In-Line rating for Cummins (NYSE:CMI) and increased its price target from $231.00 to $244.00. Despite a current trading price of $263.85, which is down 0.99% over the last 24 hours, the new target suggests a potential decline of 7.52%. Cummins is a leading manufacturer of diesel engines and powertrain components, facing competition from heavy-duty truck manufacturers and regulatory challenges.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:00 pm

RS

BMO Capital has maintained its Outperform rating for Reliance (NYSE:RS) and increased its price target from $295.00 to $355.00. Despite a slight decrease in share price over the last 24 hours, the new target suggests a potential 9.1% increase.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:00 pm

TENX

Roth MKM analyst Jonathan Aschoff has reiterated a Buy rating on Tenax Therapeutics (NASDAQ:TENX) and maintained a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:59 pm

BTSG

Leerink Partners analyst Whit Mayo initiates coverage on BrightSpring Health (NASDAQ:BTSG) with an Outperform rating and a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:48 pm

BTSG

B of A Securities has initiated coverage on BrightSpring Health (NASDAQ:BTSG) with a Buy rating and set a price target of $14. This move by a prominent analyst could influence investor sentiment and potentially impact BTSG's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:42 pm

BTCUSD

ETHUSD

Michaël van de Poppe predicts Bitcoin's (BTC) price may see limited upside to $54,000-$58,000 before a correction and a rotation towards altcoins, including DeFi. He draws parallels to past cycles, remains bullish on Bitcoin's long-term potential, and sees strong performance for Ethereum (ETH) against Bitcoin.

Portfolio Pulse from Murtuza Merchant

February 20, 2024 | 4:41 pm

NCDL

B of A Securities analyst Derek Hewett initiates coverage on Nuveen Churchill Direct (NYSE:NCDL) with a Buy rating and a price target of $19.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:39 pm

AVBP

Jefferies analyst Kelly Shi initiates coverage on ArriVent BioPharma (NASDAQ:AVBP) with a Buy rating and a price target of $35.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:37 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a notable bearish sentiment in its options trading, with 58% of traders showing bearish tendencies versus 41% bullish. The analysis revealed 589 unusual trades, including 214 puts and 375 calls, targeting a price range of $50.0 to $320.0. Noteworthy options activity highlighted several bullish call sweeps with expiration dates ranging from 2024 to 2026. AMD's stock is currently trading at $171.06, down by -1.62%, with an RSI indicating a neutral position. Analysts have set an average price target of $198.4, with varying ratings from 'Overweight' to 'Buy'. Advanced Micro Devices specializes in digital semiconductors for various markets and acquired FPGA leader Xilinx in 2022.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:30 pm

PEP

Benzinga's options scanner revealed significant activity in PepsiCo (NASDAQ:PEP) options, with a mix of bullish and bearish sentiments among big-money traders. The observed options trades suggest a target price range of $170.0 to $175.0 for PEP. The company, a global leader in snacks and beverages, is currently trading at $167.74, with a neutral RSI and an anticipated earnings release in 63 days. Analyst ratings in the last month have been generally optimistic, with an average target price of $188.25.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:30 pm