Streetbeat News

Analyst Ratings

AEP

American Electric Power's (NYSE:AEP) short percent of float has risen 49.41% since its last report, with 6.55 million shares sold short, which is 1.27% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AEP has less short interest as a percentage of float, which is 2.20% on average.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:45 pm

BCS

Barclays's (NYSE:BCS) short percent of float has fallen 16.67% since its last report, with 3.52 million shares sold short, which is 0.1% of all regular shares available for trading. This decrease in short interest can signal that investors have become more bullish. Compared to its peers, Barclays has less short interest as a percentage of float, with an average of 0.82%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:45 pm

SRAD

Craig-Hallum has reiterated its 'Buy' rating and $18 price target on Sportradar (SRAD).

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:44 pm

UNIT

B of A Securities analyst David Barden has downgraded Uniti Group (NASDAQ:UNIT) from Neutral to Underperform and lowered the price target from $5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:40 pm

MCD

A significant bullish stance has been taken on McDonald's (NYSE:MCD) by a large investor or institution, as indicated by a large position in the company's options. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades include 2 puts totaling $162,725 and 14 calls totaling $870,515. The targeted price range for McDonald's over the last 3 months is from $145.0 to $275.0. Analysts have mixed views on McDonald's, with some lowering their ratings and others maintaining an Outperform rating.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:37 pm

CVCO

Wedbush analyst Jay McCanless has reiterated an Outperform rating on Cavco Industries, Inc. (NASDAQ:CVCO) but lowered the price target from $390 to $380. This follows a 21.7% decline in Cavco's Q2 FY24 revenue to $452 million and a 17% y/y decline in Q2 shipments. The analyst has also lowered FY24E/FY25E EPS and revenue estimates. However, the analyst raised the average price from $99,000 to $102,000, assuming no widespread pricing pressure from Cavco's competitors.

Portfolio Pulse from Shivani Kumaresan

November 07, 2023 | 6:37 pm

VRTX

Vertex Pharmaceuticals reported Q3 earnings of $4.08 per share, beating estimates of $3.98. However, sales of $2.48 billion missed estimates of $2.50 billion. The company revised its FY23 sales forecast to $9.85 billion. Following the earnings announcement, several analysts adjusted their price targets for Vertex. The company's shares fell 0.6% to $383.51 on Tuesday.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 6:36 pm

DDOG

Needham analyst Mike Cikos maintains a 'Buy' rating on Datadog (NASDAQ:DDOG) and raises the price target from $110 to $125.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:35 pm

BVH

B. Riley Securities analyst Mike Crawford has downgraded Bluegreen Vacations (NYSE:BVH) from Buy to Neutral, while raising the price target from $66 to $75.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:33 pm

SRAD

Sportradar Group's shares have seen an upward movement in the last 15 minutes. This comes after Baird reiterated its 'Buy' rating and $18 price target for the company.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:31 pm