Streetbeat News

Analyst Ratings

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

SEAS

B. Riley Securities analyst Eric Wold maintains a 'Buy' rating on SeaWorld Entertainment (NYSE:SEAS), but has lowered the price target from $78 to $71.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:11 pm

SIX

B. Riley Securities has maintained a Neutral rating on Six Flags Entertainment (NYSE:SIX) and lowered the price target from $27 to $24.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:09 pm

FUN

B. Riley Securities analyst Eric Wold maintains a Buy rating on Cedar Fair (NYSE:FUN) but lowers the price target from $58 to $56.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:08 pm

BALL

Jefferies analyst Philip Ng has maintained a 'Buy' rating on Ball Corporation (NYSE:BALL) but lowered the price target from $64 to $63.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:04 pm

ARKK

TARK

TSLA

Tesla, Inc (NASDAQ:TSLA) is expected to report Q3 earnings with analysts estimating earnings per share of 73 cents on revenues of $24.38 billion. The company's stock is trading lower ahead of the earnings report. Two analysts have weighed in on Tesla stock with Piper Sander maintaining an Overweight rating and lowering the price target from $300 to $290, while Wedbush analyst Daniel Ives reiterated an Outperform rating and maintained a price target of $350. Investors looking for diversification may consider the AXS 2X Innovation ETF (NASDAQ:TARK), which aims to return 200% of the daily performance of ARK Innovation ETF (NYSE:ARKK), holding a 9.97% weighting of Tesla.

Portfolio Pulse from Melanie Schaffer

October 18, 2023 | 7:03 pm

BERY

Jefferies analyst Philip Ng maintains a 'Buy' rating on Berry Global Gr (NYSE:BERY) but lowers the price target from $86 to $83.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:03 pm

IP

In the last quarter, International Paper (NYSE:IP) received one bullish rating and three indifferent ratings from analysts. The company's average 12-month price target is $36.5, which has increased by 23.02% over the past month.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:00 pm

CCK

Jefferies analyst Philip Ng maintains a Buy rating on Crown Holdings (NYSE:CCK) but lowers the price target from $123 to $122.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:59 pm

GPK

Jefferies analyst Daniel Rizzo maintains a 'Hold' rating on Graphic Packaging Holding (NYSE:GPK) and lowers the price target from $26 to $24.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:51 pm