Streetbeat News

Analyst Ratings

SIEN

Sientra's shares are trading lower after the company reported preliminary Q3 revenue results below estimates. The company is also exploring strategic alternatives. Craig-Hallum downgraded the stock from Buy to Hold and announced a $2 price target.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 3:28 pm

T

A significant bearish stance has been taken on AT&T (NYSE:T) by a large investor, as indicated by unusual options activity. The sentiment of these big-money traders is 100% bearish, with 11 puts and 2 calls. The whales have been targeting a price range from $14.5 to $18.0 for AT&T over the last 3 months. Scotiabank, Citigroup, Morgan Stanley, and JP Morgan have maintained positive ratings on AT&T, with price targets ranging from $17 to $19.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 3:16 pm

WOLF

Wolfspeed Inc (NYSE:WOLF) shares are trading higher following the company's quarterly results. The company reported Q1 revenue of $197.4 million and a loss of 53 cents per share, both better than estimates. The company also reported $2.2 billion in device design-ins and over $1 billion in design-wins. Wolfspeed anticipates Q2 revenue of $192 million to $222 million and an adjusted net loss of 56 cents to 70 cents per share. Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating for Wolfspeed and lowered the price target from $42 to $34.

Portfolio Pulse from Adam Eckert

October 31, 2023 | 3:01 pm

XOM

Exxon Mobil (NYSE:XOM) has seen unusual options activity, with a significant bearish stance. Of the 11 strange trades detected, 36% were bullish and 63% bearish. The total amount for puts was $362,704 and for calls, $244,028. Whales have been targeting a price range from $70.0 to $115.0 for Exxon Mobil over the last 3 months. The current price of XOM is $105.74, down -0.13%. Analysts from Morgan Stanley, Jefferies, Bernstein, Truist Securities, and JP Morgan have given their ratings and price targets.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 3:01 pm

LYFT

MoffettNathanson analyst Michael Morton has downgraded Lyft from Neutral to Sell and set a price target of $7.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:58 pm

UDR

B of A Securities analyst Joshua Dennerlein has downgraded UDR (NYSE:UDR) from Buy to Neutral and lowered the price target from $42 to $33.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:56 pm

MAA

B of A Securities analyst Joshua Dennerlein has downgraded Mid-America Apartment (NYSE:MAA) from Neutral to Underperform and lowered the price target from $136 to $112.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:54 pm

CPT

B of A Securities analyst Joshua Dennerlein has downgraded Camden Prop Trust (NYSE:CPT) from Neutral to Underperform and lowered the price target from $101 to $84.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:51 pm

CHK

Chesapeake Energy Corp (NASDAQ:CHK) is set to report its Q3 earnings on Oct. 31. The company's prospects with natural gas are being closely watched due to increased demand for U.S.-based natural gas. However, concerns over weak balance sheet management make Chesapeake a risky investment. Analysts expect Chesapeake to report $0.64 in EPS and $1.2 billion in revenue for Q3. The stock has been range bound between $80 and $90 over the past month.

Portfolio Pulse from Surbhi Jain

October 31, 2023 | 2:48 pm

LAAC

Canaccord Genuity analyst Katie Lachapelle has upgraded Lithium Americas (NYSE:LAAC) from Speculative Buy to Buy.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:41 pm