Streetbeat News

Analyst Ratings

FCX

A significant amount of unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a bullish stance taken by a majority of investors. The targeted price range for the company over the last three months has been between $25.0 and $49.0. The company's stock price is currently down by 2.38% at $35.61. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $44, while JP Morgan has downgraded its action to Neutral with a price target of $42.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:16 pm

URI

A significant bullish stance has been taken on United Rentals (NYSE:URI) by an unknown entity, possibly an institution or a wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The price range targeted by these whales for United Rentals over the last 3 months is from $310.0 to $540.0.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:16 pm

SIX

Analysts have provided various ratings for Six Flags Entertainment (NYSE:SIX) within the last quarter, with 3 bullish, 2 somewhat bullish, 7 indifferent, and 2 bearish. The average 12-month price target for the company is $26.86, a decrease of 10.91% from the previous average of $30.15.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:00 pm

FUN

Cedar Fair (NYSE:FUN) has received mostly bullish ratings from analysts in the last quarter, with 6 bullish, 5 somewhat bullish, and 1 indifferent rating. The company's average 12-month price target is $48.0, a decrease of 6.54% from the previous average of $51.36.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:00 pm

BALL

Ball Corporation (NYSE:BALL) has received various analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 3 indifferent. The company's average 12-month price target is $60.5, a 1.9% decrease from the previous average of $61.67.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:00 pm

BRPHF

Galaxy Digital Holdings Ltd. CEO, Michael Novogratz, predicts the approval of spot Bitcoin-exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) in 2023. This follows a legal victory by Grayscale Investments LLC, which won an appeal to transform its Bitcoin trust into an ETF. Galaxy is partnering with Invesco to apply for an ETF.

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 7:58 pm

BX

A significant amount of unusual options activity has been detected for Blackstone (NYSE:BX), with a mix of bullish and bearish stances. Whales have been targeting a price range from $65.0 to $120.0 for Blackstone over the last 3 months. The current price of BX is down -1.97% at $103.26. HSBC has downgraded its action to Hold with a price target of $113, while Barclays maintains an Equal-Weight rating with a price target of $116.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:46 pm

VEEV

A significant bearish stance has been taken on Veeva Sys (NYSE:VEEV) as indicated by unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $80.0 to $210.0 for Veeva Sys over the last 3 months. Jefferies has downgraded its action to Buy with a price target of $265, while Keybanc maintains an Overweight rating with a price target of $230.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:46 pm

D

A significant bullish stance has been taken on Dominion Energy (NYSE:D) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 69% bullish and 30% bearish. The whales have been targeting a price range from $32.5 to $42.5 for Dominion Energy over the last 3 months. BMO Capital and JP Morgan have maintained their ratings on Dominion Energy with a price target of $49, while Scotiabank downgraded its action to Sector Perform with a price target of $46.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:46 pm

CRLBF

FFNTF

GTBIF

MRMD

Pablo Zuanic, managing partner and senior analyst at Zuanic & Associates, has analyzed the capital expenditure (capex) strategies of 20 prominent cannabis Multi-State Operators (MSOs). Amid high interest rates and regulatory uncertainties, most companies are prioritizing cost reduction and cash flow management. However, Zuanic suggests that some MSOs with the resources should increase capex for profitable growth. Green Thumb (OTC:GTBIF) leads the way with a capex-to-sales ratio of 26% in 1H23, well above the group average of 6%. Other high capex players include MariMed (OTC:MRMD), 4Front (OTC:FFNTF), and Cresco (OTC:CRLBF).

Portfolio Pulse from Nicolás Jose Rodriguez

October 18, 2023 | 7:16 pm