Streetbeat News

Analyst Ratings

SCHW

Charles Schwab Corp (NYSE:SCHW) reported a Q3 net revenue decline of 16% Y/Y to $4.61 billion, missing the consensus estimate of $4.63 billion. Adjusted EPS of $0.77 beat the analyst consensus of $0.75. Analysts from JMP Securities, Keefe, Bruyette & Woods (KBW), and Raymond James gave their opinions of the results, maintaining Outperform ratings and adjusting price targets. Despite near-term challenges, analysts agree with management’s sentiment that a “higher for longer” scenario could be positive for Schwab over time.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 4:58 pm

TRIP

VCSA

YOU

Goldman Sachs analyst Benjamin Miller initiated coverage on TripAdvisor Inc (TRIP), Clear Secure Inc (YOU), and Vacasa Inc (VCSA). TRIP and YOU received a Buy rating with price targets of $22 and $24 respectively, while VCSA received a Neutral rating with a price target of $11. Miller sees growth potential in TRIP and YOU, while he awaits better visibility into VCSA's demand trends.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 4:57 pm

CMG

Chipotle Mexican Grill's (NYSE:CMG) short percent of float has risen 10.7% since its last report, with 652 thousand shares sold short, which is 2.38% 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, Chipotle has less short interest as a percentage of float, with an average of 9.12%.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 4:31 pm

RGEN

JP Morgan analyst Tycho Peterson has maintained an Overweight rating on Repligen (NASDAQ:RGEN) but lowered the price target from $200 to $180.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:17 pm

QGEN

JP Morgan analyst Tycho Peterson has maintained an Overweight rating on Qiagen (NYSE:QGEN) but lowered the price target from $55 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:16 pm

PCG

JP Morgan analyst Christopher Turnure has maintained a Neutral rating on PG&E (NYSE:PCG) and lowered the price target from $19 to $18.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:15 pm

LIVE

LL

Bleecker Street Research has issued a report on LL Flooring Holdings (LL) and Live Ventures (LIVE), stating that the unsolicited offer by LIVE to acquire LL should be treated as 'dead on arrival'. LIVE, with a market cap of just over $80 million, offered to acquire LL for an all-cash price of $194.4 million, a 106% premium over LL's current equity valuation. The report highlights several issues, including LIVE's ongoing legal issues with the SEC, its lack of sufficient cash or credit facilities to complete the offer, and LL's deteriorating financial situation. Bleecker Street Capital is short shares of LL Flooring.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:15 pm

CMI

Cummins Inc.'s (NYSE:CMI) shares are currently trading at $222.80, after a 2.39% drop. Despite a 2.02% fall over the past month, the stock has increased by 2.31% over the past year. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Machinery industry, indicating that the stock might be undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 4:15 pm

OMF

JP Morgan analyst Richard Shane has maintained an Overweight rating on OneMain Holdings (NYSE:OMF) but lowered the price target from $48 to $42.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:14 pm

NOK

JP Morgan analyst Sandeep Deshpande maintains an Overweight rating on Nokia (NYSE:NOK) but lowers the price target from $7.24 to $6.85.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:13 pm