Streetbeat News

Analyst Ratings

SNBR

Wedbush analyst Seth Basham maintains a Neutral rating on Sleep Number (NASDAQ:SNBR) and lowers the price target from $28 to $23.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:43 pm

TPX

Wedbush analyst Seth Basham has reiterated an Outperform rating on Tempur Sealy Intl (NYSE:TPX) and maintained a $55 price target.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:41 pm

COLB

Wedbush analyst David Chiaverini maintains a Neutral rating on Columbia Banking System (NASDAQ:COLB) and raises the price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:38 pm

ZION

Wedbush analyst David Chiaverini has reiterated a Neutral rating on Zions Bancorp (NASDAQ:ZION) and maintained a $37 price target.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:36 pm

MTB

Wedbush analyst David Chiaverini maintains an Outperform rating on M&T Bank (NYSE:MTB) but lowers the price target from $147 to $140.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:34 pm

QCOM

Qualcomm's Nakul Duggal has stated that every automaker will undergo the same transformation. This suggests that Qualcomm, a major player in the semiconductor industry, may see increased demand from the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:31 pm

IEF

TYD

TYO

UTEN

XTEN

The yield on 10-year Treasury bonds has surged to 4.98%, the highest level since mid-July 2007. Analysts from Morgan Stanley and Goldman Sachs see this as a buying opportunity, expecting yields to decrease to around 4.2%-4.3%. ETFs tracking the 10-year Treasury bond include US Treasury 10 Year Note ETF (UTEN), iShares 7-10 Year Treasury Bond ETF (IEF), and BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN). Leveraged ETFs such as Direxion Daily 10-YR Treasury Bull 3X Shrs (TYD) and Direxion Daily 10-YR Treasury Bear 3X Shrs (TYO) also aim to amplify the returns of the underlying 10-year Treasury bonds.

Portfolio Pulse from Piero Cingari

October 19, 2023 | 3:30 pm

JPM

JPMorgan Chase Inc.'s (NYSE:JPM) share price is currently at $145.98, after a 0.05% increase. Over the past month, the stock fell by 0.79%, but in the past year, it spiked by 19.43%. The company's P/E ratio is lower than the aggregate P/E of the Banks industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:30 pm

COST

A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) by a large investor, as observed in the options history. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $450.0 to $580.0 for Costco Wholesale over the last 3 months. Telsey Advisory Group and JP Morgan maintain their positive ratings on Costco, while HSBC downgraded its action to Hold.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:18 pm

AZO

A significant bearish stance has been taken on AutoZone (NYSE:AZO) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $2200.0 to $2700.0 for AutoZone over the last 3 months. The price of AZO is currently down -3.49% at $2537.55. Analysts from Oppenheimer, JP Morgan, Truist Securities, and DA Davidson have provided their ratings and price targets.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:18 pm