Streetbeat News

Analyst Ratings

MDT

A large investor has taken a bullish stance on Medtronic (NYSE:MDT), as evidenced by a significant position in the company's options. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $50.0 to $82.5 for Medtronic over the last 3 months. The current price of MDT is up 0.84% at $70.56.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:30 pm

MNST

JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on Monster Beverage (NASDAQ:MNST) but lowered the price target from $65 to $57.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:29 pm

CHGG

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Chegg (NYSE:CHGG) and lowers the price target from $12 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:09 pm

RTX

A significant amount of unusual options activity has been detected for Raytheon Technologies Corporation (RTX), with a mix of bullish and bearish stances. The trades have targeted a price range of $75.0 to $100.0 for RTX over the last 3 months. The current price of RTX is up 3.37% at $81.22. Morgan Stanley maintains an Equal-Weight rating on RTX with a price target of $86, while UBS has downgraded its action to Neutral with a price target of $80.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:09 pm

LMT

Unusual options activity has been observed for Lockheed Martin (NYSE:LMT), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The price range targeted by these investors over the last 3 months is from $440.0 to $480.0. Morgan Stanley, UBS, JP Morgan, and Citigroup have maintained their ratings on Lockheed Martin with price targets of $510, $470, $481, and $540 respectively.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 8:09 pm

AAPL

INTC

Apple Inc. unveiled its new M3 chips family at a product launch event, which is expected to boost the performance of MacBook Pro models and iMac. The M3-equipped MacBook Pro models can be up to 11x faster than the Intel-based models, and the new iMac can be up to 4x quicker than the 21.5-inch Intel-based models. Citi analyst Atif Malik believes this will drive customers to switch from Intel Corp-based models to Apple's in-house models. Needham analyst Laura Martin reiterated Apple with a Buy and a $195 price target.

Portfolio Pulse from Anusuya Lahiri

October 31, 2023 | 8:08 pm

AEIS

Advanced Energy Indus (NASDAQ:AEIS) reported Q3 earnings of $1.28 per share, beating the analyst consensus estimate of $1.14 by 12.28%. However, this is a 39.62% decrease from the same period last year. The company's quarterly sales of $409.99 million missed the analyst consensus estimate of $417.90 million by 1.89%, marking a 20.59% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:08 pm

BAX

JP Morgan analyst Robbie Marcus maintains a Neutral rating on Baxter Intl (NYSE:BAX) and lowers the price target from $49 to $36.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:08 pm

VRNS

JP Morgan analyst Brian Essex maintains a Neutral rating on Varonis Systems (NASDAQ:VRNS) and raises the price target from $35 to $36.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:05 pm

PINS

JP Morgan analyst Doug Anmuth maintains a Neutral rating on Pinterest (NYSE:PINS) and raises the price target from $32 to $34.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:03 pm