Streetbeat News

Analyst Ratings

BABA

COP

NOC

SLB

On CNBC's 'Final Trades', Bryn Talkington of Requisite Capital Management recommended ConocoPhillips (COP), which is set to report earnings on Aug. 3, 2023. Stephen Weiss of Short Hills Capital Partners recommended Alibaba Group Holding Limited (BABA), despite recent regulatory challenges in China. Jason Snipe of Odyssey Capital Advisors recommended Northrop Grumman Corporation (NOC), which recently reported a 9% YoY sales growth. Joseph Terranova of Virtus Investment Partners recommended Schlumberger Limited (SLB), which reported a 19.6% YoY revenue increase.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:17 pm

MGM

Barclays analyst Brandt Montour has maintained an Overweight rating on MGM Resorts Intl (NYSE:MGM) but lowered the price target from $64 to $62.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:16 pm

ICD

Independence Contract (NYSE:ICD) reported Q2 losses of $(0.07) per share, beating the analyst consensus estimate of $(0.26) by 73.08%. However, the company's quarterly sales of $56.36 million missed the analyst consensus estimate of $57.60 million by 2.16%. This represents a 33.19% increase in sales compared to the same period last year.

Portfolio Pulse from bharat@benzinga.com

August 04, 2023 | 1:16 pm

TT

Barclays analyst Julian Mitchell maintains an Overweight rating on Trane Technologies (NYSE:TT) and raises the price target from $210 to $222.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:16 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) is expected to report its Q2 financial results on Aug. 3, 2023, with analysts predicting a quarterly earnings of 34 cents per share, compared to a loss of 20 cents per share a year ago. The company's revenue is projected to be $131.54 billion. Amazon's shares fell 2.6% to close at $128.21 on Wednesday. Several analysts have recently updated their price targets for Amazon, with the highest being $155.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:16 pm

PAGS

UBS analyst Kaio Prato has upgraded PagSeguro Digital (NYSE:PAGS) from Neutral to Buy and raised the price target from $12 to $14.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:16 pm

SON

Argus Research analyst David Coleman has downgraded Sonoco Prods (NYSE:SON) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:15 pm

TBF

TBT

TBX

TMW

TTT

TYO

Bill Ackman, CEO of Pershing Square Capital Management, is shorting long-term U.S. Treasuries, predicting that 30-year yields could rise to 5.5%. He attributes this to structural changes in the economy that could trigger higher long-term inflation, the U.S. government's $32-trillion debt, and large deficits. He also mentions Japan's exit from yield curve control and concerns about US governance as potential factors. Several ETFs allow investors to take short positions on U.S. Treasury securities, including TMW, TBF, TTT, TBT, TBX, and TYO.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 1:15 pm

EHC

Mizuho analyst Ann Hynes maintains a 'Buy' rating on Encompass Health (NYSE:EHC) and raises the price target from $74 to $77.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 1:15 pm

DASH

B of A Securities analyst Michael McGovern maintains a Buy rating on DoorDash (NYSE:DASH) and raises the price target from $95 to $100.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 1:15 pm