Streetbeat News

Analyst Ratings

RF

Wells Fargo analyst Whit Mayo has downgraded Regions Finl (NYSE:RF) from Overweight to Equal-Weight and lowered the price target from $24 to $16.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 5:24 pm

SP

Barrington Research analyst Kevin Steinke has downgraded SP Plus (NASDAQ:SP) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 5:22 pm

PG

DZ Bank analyst Michael Pohn has upgraded Procter & Gamble (NYSE:PG) from Sell to Hold and announced a price target of $155.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 5:19 pm

KNX

Morgan Stanley analyst Ravi Shanker has reiterated an Overweight rating on Knight-Swift Transportation Holdings Inc (NYSE:KNX) and raised the price target from $70 to $75. The company reported better-than-expected Q3 FY23 earnings results, beating revenue consensus and EPS estimates. Despite a decline in Trucking EBIT and Logistics revenues, the company's performance was better than feared. The management lowered the high-end of FY23 guidance, but the analyst believes this was driven by non-core items and was much better than feared. The analyst reinstated KNX as the Top Pick.

Portfolio Pulse from Shivani Kumaresan

October 20, 2023 | 5:18 pm

ROL

Stifel analyst Michael Hoffman has upgraded Rollins (NYSE:ROL) from Hold to Buy and announced a $40 price target.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 5:16 pm

PGR

Progressive's (NYSE:PGR) short percent of float has risen 12.28% since its last report, with 3.74 million shares sold short, which is 0.64% 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, Progressive has less short interest as a percentage of float, which is 1.72% on average.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 5:15 pm

AMD

Advanced Micro Devices's (NYSE:AMD) short percent of float has risen 6.86% since its last report, with 30.06 million shares sold short, which is 1.87% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, AMD has less short interest as a percentage of float, which is 3.64% on average.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 5:15 pm

MSFT

KeyBanc analyst Michael Turits reiterated an Overweight rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $400. Turits expects an overall in-line Q1 for Microsoft, citing stable results and positive feedback on Azure. However, he expressed caution due to the high-rate environment and macro concerns. Turits remains positive on Microsoft's leadership in AI and expects the company to benefit from demand for OpenAI and broader AI model training, deployment, and application development.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 5:14 pm

CW

Truist Securities analyst Michael Ciarmoli has reiterated a 'Buy' rating on Curtiss-Wright (NYSE:CW) and maintained a price target of $215.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 5:11 pm

CROX

Raymond James analyst Rick B. Patel upgraded Crocs Inc (NASDAQ:CROX) from Market Perform to Outperform and set a price target of $110. The analyst believes the stock is oversold and sees a favorable risk/reward ratio due to a highly discounted P/E and EV/EBITDA. Despite recent challenges, Crocs maintains strong operating margins and the brand remains strong. The company's strong free cash flow enables accretive buybacks and debt paydown.

Portfolio Pulse from Shivani Kumaresan

October 20, 2023 | 5:07 pm