Streetbeat News

Analyst Ratings

AMGN

A significant bearish stance has been taken on Amgen (NASDAQ:AMGN) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $270.0 to $325.0 for Amgen over the last 3 months. The current price of AMGN is down -2.06% at $273.06. Several experts have given their ratings on Amgen, with Leerink Partners and Oppenheimer maintaining an Outperform rating, while B of A Securities and JP Morgan have downgraded to Neutral.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 8:30 pm

RF

Piper Sandler analyst Stephen Scouten maintains an Overweight rating on Regions Financial Corp (NYSE:RF) but lowers the price target from $22 to $17.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:22 pm

NBN

Northeast Bank (NASDAQ:NBN) reported Q1 earnings of $2.01 per share, beating the analyst consensus estimate of $1.56 by 28.85%. This is a 79.46% increase from the same period last year. The company also reported quarterly sales of $37.90 million, beating the analyst consensus estimate of $34.01 million by 11.45%. This is a 49.77% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:20 pm

CMA

Piper Sandler analyst Scott Siefers maintains a Neutral rating on Comerica (NYSE:CMA) and lowers the price target from $48 to $43.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:19 pm

ZION

Piper Sandler analyst Brad Milsaps has maintained a Neutral rating on Zions Bancorp (NASDAQ:ZION) and lowered the price target from $34 to $29.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:17 pm

ARVN

Piper Sandler analyst Edward Tenthoff maintains an Overweight rating on Arvinas (NASDAQ:ARVN) but lowers the price target from $70 to $55.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:15 pm

MLM

Martin Marietta Materials's (NYSE:MLM) short percent of float has fallen 23.08% since its last report, with 542 thousand shares sold short, which is 1.0% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, MLM has less short interest as a percentage of float, with an average of 1.74%.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 8:15 pm

SGEN

Seagen's (NYSE:SGEN) short percent of float has risen 11.51% since its last report, with 7.48 million shares sold short, which is 5.33% of all regular shares available for trading. It would take traders 5.38 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Seagen's peer group average for short interest as a percentage of float is 3.58%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 8:15 pm

FDX

FedEx's (NYSE:FDX) short percent of float has fallen 7.08% since its last report, with 2.43 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 1.77 days to cover their short positions on average. FedEx's peer group average for short interest as a percentage of float is 3.39%, indicating that the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 8:15 pm

WAL

Piper Sandler analyst Brad Milsaps has maintained an Overweight rating on Western Alliance (NYSE:WAL) but lowered the price target from $60 to $59.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:13 pm