Streetbeat News

Analyst Ratings

GOOGL

A significant bearish stance on Alphabet (NASDAQ:GOOGL) has been observed through unusual options activity. The sentiment among these big-money traders is split between 42% bullish and 57% bearish. The whales have been targeting a price range from $100.0 to $260.0 for Alphabet over the last 3 months. The price of GOOGL is currently down -0.8% at $138.6. Keybanc, Wells Fargo, Piper Sandler, and B of A Securities have maintained their ratings on Alphabet.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:46 pm

JNJ

LEGN

HC Wainwright has revised its near-term revenue estimates for Legend Biotech Corporation's (NASDAQ:LEGN) partner, Johnson & Johnson (NYSE:JNJ), due to faster-than-expected uptake of Carvykti. The FY23 projections for Carvykti revenue, to be reported by Legend, have been increased to $262 million from $248 million. The analyst maintains a Buy rating and has slightly increased the price target to $86 from $85 per share. Legend expects a significant sales impact from positive CARTITUDE-4 data in 2024.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 6:44 pm

IP

Jefferies analyst Philip Ng has maintained a 'Hold' rating on International Paper (NYSE:IP) and lowered the price target from $33 to $32.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:44 pm

GS

Goldman Sachs Group (NYSE:GS) reported Q3 EPS of $5.47, down from $8.25 a year ago, beating the consensus of $5.31. BMO Capital Markets analyst James Fotheringham reiterated an Outperform rating on GS, with a price target of $421. However, due to higher compensation and credit costs, the analyst lowered out-year estimates by -2%. Regulatory uncertainty related to Basel 3 End-game proposals also dampens GS's outlook for 4Q23 share repurchases. GS shares are trading lower by 2.08% to $302.91.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 6:43 pm

PSX

A significant bullish stance has been taken on Phillips 66 (NYSE:PSX) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $105.0 to $140.0 for Phillips 66 over the last 3 months. The price of PSX is up 2.34% at $116.58. Mizuho, Piper Sandler, and Raymond James have maintained their ratings on Phillips 66 with price targets of $116, $134, and $128/$133 respectively.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:31 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 34% bullish and 65% bearish. The whales have been targeting a price range from $47.5 to $54.0 for Charles Schwab over the last 3 months. Analysts from JMP Securities, Raymond James, Barclays, and Piper Sandler have given various ratings and price targets for SCHW.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:30 pm

PKG

Jefferies analyst Philip Ng maintains a 'Hold' rating on Packaging Corp of America (NYSE:PKG) and lowers the price target from $142 to $140.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:29 pm

VIGL

JMP Securities has initiated coverage on Vigil Neuroscience Inc (NASDAQ:VIGL) with a Market Outperform rating and a price target of 23. The analysts note that the company's focus on neurodegenerative diseases and its lead development candidate, VGL101, can reduce translational development risk and increase the clinical probability of success. The addressable ALSP opportunity is attractive with JMP projecting peak sales of around $1.1 billion in 2031.

Portfolio Pulse from Vandana Singh

October 18, 2023 | 6:26 pm

KKR

KKR & Co's (NYSE:KKR) short percent of float has fallen 36.36% since its last report, with 10.35 million shares sold short, which is 1.61% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards KKR & Co. The company's short interest is less than its peer group average of 2.88%.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:15 pm

ECL

Ecolab's (NYSE:ECL) short percent of float has risen 4.29% since its last report, with 1.82 million shares sold short, which is 0.73% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Ecolab has less short interest as a percentage of float, which is 4.08% on average.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:15 pm