Streetbeat News

Equity Actions

HXL

RBC Capital Markets analyst Ken Herbert has upgraded Hexcel Corp (HXL) to Outperform from Sector Perform and increased the price target to $85 from $75. Herbert expects aerospace growth to accelerate in 2024-2025 and sees HXL as well positioned to deliver better-than-expected margins and FCF upside. He estimates 2025 FCF to be $320 million, ahead of consensus, and expects operating margins to hit 17% in 2025 with sales of $2.3 billion. The analyst also raised the adjusted EPS estimate for FY24 and FY25.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 6:22 pm

BA

A significant investor has taken a bullish stance on Boeing (NYSE:BA), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $210,680 and for calls is $322,419. The targeted price range for Boeing over the last 3 months is from $175.0 to $330.0. The current price of BA is down -1.64% at $232.82.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:16 pm

FTCH

Farfetch shares are experiencing an upward trend, with notable activity in August $5 calls.

Portfolio Pulse from Charles Gross

August 15, 2023 | 6:15 pm

AAPL

INTU

MA

PYPL

V

PayPal Holdings, Inc (PYPL) has appointed Alex Chriss, from Intuit Inc (INTU), as its new CEO, effective from September 27, 2023. Analysts from Mizuho and KBW have reiterated their Buy and Outperform ratings on PayPal, with price targets of $92.00 and $90.00 respectively. The new CEO will face challenges such as changing the narrative around PayPal's share loss to Apple Inc's (AAPL) Apple Pay and deciding on the potential merger of PayPal and Venmo brands.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 6:13 pm

CHK

SBOW

Analysts have lowered the price target for Chesapeake Energy Corp (CHK) following its announcement to sell its remaining Eagle Ford assets to SilverBow Resources Inc (SBOW) for $700 million. The analysts expect the company to use the proceeds for share repurchases or acquisitions. However, the deal is considered immaterial given the scale of CHK's other assets. The price of CHK shares has fallen by 1.8%.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 6:04 pm

BRK.A

CE

Berkshire Hathaway has reduced its stake in Celanese, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:39 pm

RSKD

Riskified reported better-than-expected Q2 sales results, raised its FY23 revenue guidance, and authorized a $75 million share repurchase program. This has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:36 pm

NVO

Tiger Global has disclosed that it has added a stake in Novo Nordisk, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:10 pm

DAL

UP

Delta Air Lines, Certares, and Knighthead are set to co-lead a $500 million facility in Wheels Up. As a result, the lenders will receive newly issued Wheels Up Class A common stock, leading to the lenders owning approximately 95% of the pro forma equity of the company.

Portfolio Pulse from Charles Gross

August 15, 2023 | 4:58 pm

WATT

Energous Corporation (NASDAQ:WATT) has announced a 1-for-20 reverse stock split of the company’s common stock, effective from August 16, 2023. The company's common stock will begin trading on a split-adjusted basis from the same date.

Portfolio Pulse from Charles Gross

August 15, 2023 | 4:55 pm