Streetbeat News

Analyst Ratings

AGL

RBC Capital analyst Sean Dodge has maintained an 'Outperform' rating on Agilon Health (NYSE:AGL), but lowered the price target from $28 to $23.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:32 pm

REGN

Regeneron Pharmaceuticals Inc (REGN) reported better-than-expected Q3 earnings, leading to an upgrade from Piper Sandler from Market Perform 3 to Outperform, with a price target of $950. The most significant short-term driver for Regeneron is the impending interim analysis of the Phase 3 NOTUS study in chronic obstructive pulmonary disorder, scheduled for Q4 2023. However, expected added R&D expenditures into 2024 could suppress earnings.

Portfolio Pulse from Vandana Singh

November 03, 2023 | 7:32 pm

TMUS

RBC Capital analyst Bora Lee maintains an Outperform rating on T-Mobile US (NASDAQ:TMUS) and raises the price target from $163 to $168.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:30 pm

TDG

TransDigm Gr's (NYSE:TDG) short percent of float has risen 25.51% since its last report, with 1.22 million shares sold short, which is 3.05% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. TransDigm Gr's peer group average for short interest as a percentage of float is 2.71%, which means the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:30 pm

STM

STMicroelectronics's (NYSE:STM) short percent of float has fallen 16.07% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.26 million shares sold short, which is 0.47% of all regular shares available for trading. Compared to its peers, STMicroelectronics has less short interest, with an average of 3.66% for its peer group.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:30 pm

BTI

British American Tobacco's (NYSE:BTI) short percent of float has fallen 42.86% since its last report, with 2.78 million shares sold short, which is 0.12% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, BTI has less short interest.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:30 pm

DHR

VLTO

RBC Capital Markets analyst Deane Dray initiated coverage on Veralto Corp (VLTO) with a Sector Perform rating and a price target of $78.00. Veralto, which separated from Danaher Corp (DHR) and began trading on the NYSE in October, reported Q3 FY23 adjusted EPS of $0.75, beating the consensus of $0.70, and revenue of $1.255 billion, exceeding the estimate of $1.205 billion. The analyst suggests that Veralto needs M&A to bolster growth.

Portfolio Pulse from Lekha Gupta

November 03, 2023 | 7:29 pm

SRCL

RBC Capital analyst Sean Dodge maintains an Outperform rating on Stericycle (NASDAQ:SRCL) but has lowered the price target from $62 to $58.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:28 pm

AMZN

BRK-A

BTCUSD

Charlie Munger, vice chairman of Berkshire Hathaway, shared his views on various topics in an interview with The Wall Street Journal. He discussed the challenges of making substantial acquisitions due to competitive bidding in the venture capital sector, expressed skepticism about the necessity of stock pickers, and advocated for index funds. Munger also commented on the surge in Bitcoin's value, expressing his preference for strong, sovereign-issued currencies. He disagreed with the idea of breaking up major tech companies like Amazon, appreciating their contribution to capitalism. Berkshire Hathaway's upcoming Q3 earnings are expected to benefit from high interest rates.

Portfolio Pulse from Michael Cohen

November 03, 2023 | 7:27 pm

SRC

RBC Capital analyst Brad Heffern maintains a 'Sector Perform' rating on Spirit Realty Cap (NYSE:SRC) and raises the price target from $40 to $43.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:27 pm