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HON

Honeywell Intl (NYSE:HON) has seen a 4.59% rise in short interest since the last report, with 7.52 million shares sold short, representing 1.14% of available shares. It would take about 2.16 days to cover all short positions. While an increase in short interest can indicate bearish market sentiment, Honeywell has less short interest compared to its peers, with an average of 1.76% in the peer group. This rise in short interest does not necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:00 pm

NET

Cloudflare (NYSE:NET) has seen a decrease in short interest, with the short percent of float dropping 16.15% since the last report. The company has 15.56 million shares sold short, representing 5.92% of available shares for trading. The average time to cover these short positions is 4.34 days. Short interest is a measure of market sentiment, and a decrease suggests investors may be more bullish on the stock. Cloudflare's short interest is slightly below its peer group average of 5.99%. The article suggests that a decrease in short interest does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:00 pm

PCG

PG&E (NYSE:PCG) has seen a decrease in short interest, with the short percent of float falling 6.05% since the last report. The company has 49.23 million shares sold short, which is 2.33% of available shares for trading. The average time to cover these short positions is 2.06 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. PG&E's short interest is slightly below its peer group average of 2.37%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:00 pm

ELAN

Stifel analyst Jonathan Block has upgraded Elanco Animal Health (NYSE:ELAN) from Hold to Buy and increased the price target from $13 to $20.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:59 pm

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) saw its stock decline by nearly 4% in premarket trading following a downgrade by Jefferies analyst Brent Thill. Thill downgraded Palantir from Neutral to Underperform and lowered the price target from $18 to $13, indicating a potential 20% downside. The downgrade was based on concerns over the stock's recent rally, which Thill believes is unsustainable due to AI euphoria without a clear monetization strategy. Additionally, he cited a slower-than-expected demand recovery in Palantir's commercial and government business, which could impact growth in 2024.

Portfolio Pulse from Shanthi Rexaline

January 05, 2024 | 12:56 pm

VTEX

Morgan Stanley analyst Cesar Medina upgraded Vtex (NYSE:VTEX) from Equal-Weight to Overweight and increased the price target from $5.5 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:56 pm

DNB

Raymond James analyst Patrick O'Shaughnessy upgraded Dun & Bradstreet Holdings (DNB) from Outperform to Strong Buy and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:54 pm

INST

Jefferies analyst Brent Thill has upgraded Instructure Hldgs (NYSE:INST) from Hold to Buy and increased the price target from $25 to $30.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:48 pm

FRSH

Jefferies analyst Brent Thill has upgraded Freshworks (NASDAQ:FRSH) from Hold to Buy and increased the price target from $20 to $30, indicating a more positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:47 pm

STZ

Constellation Brands has revised its FY24 earnings per share (EPS) guidance downward from the previous range of $9.60 - $9.80 to a new range of $9.15 - $9.35.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:39 pm