Streetbeat News

Analyst Ratings

INTC

Intel's (NYSE:INTC) short percent of float has risen 9.52% since its last report, with 67.26 million shares sold short, which is 1.61% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Intel's short interest as a percentage of float is less than its peer group average of 3.65%.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:30 pm

SAH

JP Morgan analyst Rajat Gupta maintains a Neutral rating on Sonic Automotive (NYSE:SAH) and raises the price target from $50 to $52.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:25 pm

XPO

Benchmark analyst Christopher Kuhn maintains a Buy rating on XPO Logistics (NYSE:XPO) and raises the price target from $77 to $87.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:22 pm

PAG

JP Morgan analyst Rajat Gupta maintains an Underweight rating on Penske Automotive Group (NYSE:PAG) and raises the price target from $140 to $145.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:21 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) shares are trading lower following a downgrade from Mizuho. The analyst downgraded the stock from a Neutral rating to an Underperform rating and cut the price target from $12 to $5, citing a reduced growth outlook for the plant-based meat category, lack of product innovation, and consumers' non-preference for the products. Mizuho also mentioned that the company's continued cash burn and tightening liquidity may lead to the need for new capital and have negative implications for the stock.

Portfolio Pulse from Erica Kollmann

October 12, 2023 | 3:21 pm

MRO

Benchmark analyst Subash Chandra maintains a Buy rating on Marathon Oil (NYSE:MRO) but has lowered the price target from $32 to $28.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:19 pm

LAD

JP Morgan analyst Rajat Gupta maintains an Overweight rating on Lithia Motors (NYSE:LAD) and raises the price target from $350 to $395.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:18 pm

GPI

JP Morgan analyst Rajat Gupta maintains an Overweight rating on Group 1 Automotive (NYSE:GPI) and raises the price target from $285 to $305.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 3:17 pm

AAPL

AMZN

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, META, AMZN, TSLA, and NVDA. The memo provides price levels for bullish and bearish scenarios for each stock, based on a proprietary formula that takes into account price, volume, and options flow. The memo advises traders to monitor these stocks closely and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

October 12, 2023 | 3:16 pm

MMM

3M's (NYSE:MMM) short percent of float has risen 7.41% since its last report, with 12.76 million shares sold short, which is 2.32% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 1.86%. Short interest can act as an indicator of market sentiment towards a particular stock.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:15 pm