Streetbeat News

Analyst Ratings

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 63% of recent trades being bearish. The trades range from $500.0 to $590.0. The current price of COST is down -0.32% at $550.08. Analysts from JP Morgan, Telsey Advisory Group, B of A Securities, and DA Davidson have maintained their ratings on Costco, with price targets ranging from $570 to $620.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:30 pm

IVZ

JP Morgan analyst Kenneth Worthington maintains a Neutral rating on Invesco (NYSE:IVZ) and raises the price target from $15 to $15.5.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:29 pm

ALB

LTHM

Piper Sandler analyst Charles Neivert downgraded Albemarle Corp (ALB) and Livent Corp (LTHM) to Neutral from Overweight, citing challenges in EV manufacturing and demand that may degrade lithium's supply-demand dynamics. The analyst also lowered ALB's price target to $155 from $255 and LTHM's to $19 from $33. He expects lithium prices to remain under pressure and weigh on earnings growth.

Portfolio Pulse from Lekha Gupta

October 25, 2023 | 6:29 pm

F

Ford Motor Company (NYSE:F) is set to report its Q3 financial results. Analysts expect a revenue of $41.22 billion and earnings per share of 45 cents. The ongoing UAW strike and its impact on Ford's stock price, as well as the company's electric vehicle sales and margins, are key points of interest. Analysts from RBC Capital, Morgan Stanley, and UBS have given their ratings and price targets for Ford's stock.

Portfolio Pulse from Chris Katje

October 25, 2023 | 6:22 pm

DHR

Danaher Corporation reported better-than-expected Q3 results with an adjusted EPS of $2.02, down from $2.56 a year ago, and sales of $6.87 billion, a decrease of 10.5% Y/Y. Despite beating consensus estimates, Danaher shares fell 2.4%. Following the earnings announcement, analysts from Keybanc, Citigroup, Raymond James, and RBC Capital lowered their price targets on Danaher.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 6:18 pm

SNOW

A significant number of investors have taken a bearish stance on Snowflake (NYSE:SNOW), with 66% of detected trades showing bearish expectations. The targeted price range for Snowflake over the last 3 months is from $120.0 to $250.0. The current price of SNOW is down -5.2% at $143.26. Mizuho and B of A Securities have downgraded their actions on Snowflake, while Piper Sandler maintains their Overweight rating.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:16 pm

V

A large bearish position has been taken on Visa (NYSE:V), as observed from publicly available options history. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $155.0 to $265.0 for Visa over the last 3 months. Analysts from JP Morgan, Keybanc, and Raymond James have maintained their positive ratings on Visa with price targets of $293, $275, and $287 respectively, while HSBC and Wedbush have downgraded their actions to Hold and Outperform with price targets of $266 and $270 respectively.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 6:15 pm

MMM

3M Co (NYSE:MMM) reported better-than-expected Q3 FY23 results and raised its FY23 earnings guidance. Despite this, 3M shares fell 0.9% to trade at $89.32. Post-earnings, Barclays, Citigroup, JP Morgan, and RBC Capital revised their price targets on 3M.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 6:11 pm

AMRN

Jefferies has downgraded Amarin's stock from Buy to Hold and reduced its price target from $3 to $1, causing the shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:10 pm

FTCH

Farfetch's stock has been downgraded from Buy to Sell by Societe Generale, with a new price target of $1.5. This has led to a decrease in Farfetch's share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:08 pm