Streetbeat News

Analyst Ratings

QQQ

SPY

TSLA

US stocks are set for a weak opening due to uncertainty surrounding interest rates and inflation. Mixed earnings reports, including Tesla's Q3 print, are affecting market sentiment. Other factors include the spike in oil prices, sluggish Chinese economic growth, Middle East tensions, and the ongoing House Speaker election stalemate. The S&P 500 Index may not move above the 4,800 range, according to Comerica's Chief Investment Officer. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF declined. Several companies, including Tesla and Netflix, are due to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

October 18, 2023 | 11:40 am

SHAK

Raymond James analyst Brian Vaccaro has maintained an 'Outperform' rating on Shake Shack (NYSE:SHAK), but lowered the price target from $87 to $78.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:39 am

DRI

Raymond James analyst Brian Vaccaro has maintained an 'Outperform' rating on Darden Restaurants (NYSE:DRI) but lowered the price target from $165 to $155.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:37 am

CMG

Raymond James analyst Brian Vaccaro has maintained an 'Outperform' rating on Chipotle Mexican Grill (NYSE:CMG) but lowered the price target from $2300 to $2100.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:36 am

BLMN

Raymond James analyst Brian Vaccaro has maintained a 'Strong Buy' rating on Bloomin Brands (NASDAQ:BLMN), but lowered the price target from $33 to $29.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:33 am

FWRG

Raymond James analyst Brian Vaccaro has upgraded First Watch Restaurant Gr (NASDAQ:FWRG) from Outperform to Strong Buy, but lowered the price target from $24 to $22.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:30 am

ALLY

Ally Financial reported Q3 adjusted earnings of $0.83 per share, beating the analyst consensus estimate of $0.80 by 3.75%. However, this is a 25.89% decrease from the same period last year. The company's quarterly sales of $2.04 billion missed the analyst consensus estimate of $2.06 billion by 1.17%, marking a 2.54% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:28 am

EAT

Raymond James analyst Brian Vaccaro has upgraded Brinker International (NYSE:EAT) from Outperform to Strong Buy, but lowered the price target from $45 to $40.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:28 am

AAPL

META

SNAP

Tech analyst Marques Brownlee has shared his views on the race between Meta Platforms Inc. and Apple in the development of VR headsets and smart glasses. Meta is investing heavily in both technologies, with products like Quest 3 and Ray-Ban's Meta Smart Glasses. Apple, on the other hand, is set to release its first-generation mixed-reality headset, Vision Pro, in 2024. Brownlee also mentioned Snapchat's focus on smart glasses.

Portfolio Pulse from Ananya Gairola

October 18, 2023 | 11:26 am

LEGN

HC Wainwright & Co. analyst Mitchell Kapoor maintains a 'Buy' rating on Legend Biotech (NASDAQ:LEGN) and raises the price target from $85 to $86.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 11:26 am