Streetbeat News

Analyst Ratings

DG

Telsey Advisory Group analyst Joseph Feldman has reiterated the Market Perform rating on Dollar General Corporation (NYSE:DG), but lowered the price target to $124 from $145 following the appointment of Todd Vasos as CEO. Feldman believes Vasos's understanding of core customers and control over operations will help the company improve its performance. However, Dollar General's updated 2023 guidance reflects pressure on sales and profits. Feldman lowered the 2023 and 2024 EPS estimates for the company.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 7:32 pm

BCS

EWC

Barclays has appointed Geoffrey Belsher as Chairman and Country Chief Executive Officer for Canada, effective from October 16. Belsher, who has over 25 years of investment banking experience, will be based in Toronto and report to Richard Haworth, CEO of the Americas, and Cathal Deasy and Taylor Wright, Global Co-Heads of Investment Banking. Belsher previously worked as Managing Director and Global Co-Head of Wholesale Banking for CIBC in Toronto from 2009 to 2015.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:29 pm

TEAM

Atlassian Corp (NASDAQ:TEAM) has announced an agreement to acquire video messaging platform Loom for $880 million in cash and $95 million in vesting equity. The acquisition will be funded with Atlassian's existing cash balance and will not impact its share repurchase strategy. Analysts from Canaccord Genuity and Mizuho have reiterated a Buy rating on Atlassian, with price targets of $230 and $240 respectively. The integration of Loom into Atlassian's platform is expected to enhance its collaborative workflows.

Portfolio Pulse from Anusuya Lahiri

October 13, 2023 | 7:25 pm

FAST

Stifel analyst Michael E. Hoffman has reiterated a Buy rating on Fastenal Company (NASDAQ:FAST), raising the price target to $66 from $61. Hoffman believes that Fastenal's digital strategy, onsite service model, and high-touch service will drive sustainable market share gains and low double-digit annual FCF growth over the next ten years. Despite a neutral price/cost spread and a change in product mix being a headwind to gross profit margins, the EBITDA margin is likely to increase due to lower costs to serve onsite versus branch locations.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 7:18 pm

BTCUSD

NU

SkyBridge Capital founder Anthony Scaramucci has invested heavily in Bitcoin, countering Warren Buffett's bearish stance on the cryptocurrency. Scaramucci believes that the launch of Bitcoin ETFs could drive the price of Bitcoin higher in 2024. He also mentioned that Bitcoin could be a potential hedge against the future devaluation of the U.S. dollar. Buffett, despite his criticism of Bitcoin, holds stock in Nu Holdings Ltd, which allows trading of cryptocurrency in Latin America.

Portfolio Pulse from Chris Katje

October 13, 2023 | 7:17 pm

WBD

A significant bearish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Out of all the options, 10 are puts, for a total amount of $989,055, and there is 1 call, for a total amount of $37,932. The price of WBD is down -0.53% at $10.27. Several experts have given their ratings and price targets on WBD.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:16 pm

DPZ

MSFT

UBER

Morgan Stanley analyst Brian Harbour reiterated an Overweight rating on Domino's Pizza Inc (DPZ) with an unchanged price target of $435. The analyst expects a return to positive same-store sales in the U.S. in 4Q. The company's partnership with Microsoft (MSFT) is expected to bring AI solutions to customer experience and operations. Uber Eats, a service by Uber Technologies (UBER), is set to expand nationally by year end, potentially impacting 2024 materially.

Portfolio Pulse from Shivani Kumaresan

October 13, 2023 | 7:11 pm

PYPL

BofA Securities analyst Jason Kupferberg reiterated a Buy rating on PayPal Holdings Inc (NASDAQ:PYPL) with a price target of $79. PayPal is expected to report its Q3 FY23 earnings on November 1. The analyst believes that PayPal's story has improved due to the continued strength of the global franchise, positive inflection in revenue trends, high EPS visibility, robust FCF/return to cash, and attractive valuation. However, PayPal's shares are trading lower by 0.91% at $55.84 on the last check Friday.

Portfolio Pulse from Shivani Kumaresan

October 13, 2023 | 7:03 pm

NOVA

Over the past 3 months, 18 analysts have published their opinion on Sunnova Energy Intl (NYSE:NOVA) stock. The average price target is $27.5, implying an upside from the current price of $10.57. This represents a 16.18% decrease from the previous average price target of $32.81.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:00 pm

EEFT

Euronet Worldwide (NASDAQ:EEFT) has received 8 analyst ratings in the last quarter, with 4 being bullish, 1 somewhat bullish, and 3 indifferent. The company has an average 12-month price target of $113.12, a decrease of 12.05% from the previous average price target of $128.62.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:00 pm