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VMC

Vulcan Materials (NYSE:VMC) has seen a 16.98% increase in short interest since its last report, with 2.19 million shares sold short, representing 1.86% of available shares. The short interest is higher than the peer group average of 1.58%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

WDC

Mizuho has reaffirmed its Buy rating on Western Digital (NASDAQ:WDC) and increased its price target from $52.00 to $55.00. Western Digital's shares have risen 1.69% in the last 24 hours to $47.56. The new price target suggests a potential upside of 15.64% from the current price. Western Digital is a major player in data storage solutions and forms a duopoly with Seagate in the HDD market, and is a leading producer of NAND flash chips for SSDs through a joint venture with Kioxia.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

MA

Over the past 5 years, Mastercard (NYSE:MA) has produced an average annual return of 15.65%, outperforming the market by 4.1% on an annualized basis. A $100 investment in Mastercard stock 5 years ago would be worth $206.54 today. Mastercard's market capitalization currently stands at $383.76 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

PYPL

B of A Securities has downgraded PayPal Holdings (NASDAQ:PYPL) from its previous rating to Neutral, with a new price target of $66.00, down from $77.00. Despite the downgrade, PayPal's shares have risen 3.33% in the last 24 hours to $59.85. The new price target suggests a potential upside of 10.28%. PayPal, known for its online payment solutions, had 435 million active accounts by the end of 2022 and owns the Venmo platform.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

HMC

Honda Motor Co (NYSE:HMC) has seen an 18.18% increase in short interest since its last report, with 2.07 million shares sold short, representing 0.13% of available shares. The short interest ratio is 1.5 days. While higher short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Honda's short interest is below its peer group average of 11.69%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

LRCX

Over the past 15 years, Lam Research (NASDAQ:LRCX) has produced an average annual return of 26.36%, outperforming the market by 14.76% on an annualized basis. A $100 investment in LRCX 15 years ago would be worth $3,201.17 today. The company currently has a market capitalization of $91.97 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

TEAM

Atlassian (NYSE:TEAM) has seen a 3.94% increase in short interest since its last report, with 3.26 million shares sold short, representing 2.11% of its float. The short interest is below the peer group average of 3.32%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

OVV

JP Morgan has upgraded its rating of Ovintiv (NYSE:OVV) to Overweight with a new price target of $58.00, down from the previous $61.00. Ovintiv's shares are currently trading at $42.30, and the new price target suggests a potential upside of 37.12%. Ovintiv is an independent oil and gas producer with significant reserves and production levels.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

REPL

Barclays has maintained its Overweight rating on Replimune Group (NASDAQ:REPL) but reduced its price target from $50.00 to $13.00. Replimune's shares are currently trading at $6.77, and the new price target suggests a potential upside of 92.02%. Replimune is a clinical-stage biotech company focused on developing oncolytic immunotherapies for cancer treatment using its proprietary RPx platform.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

AZO

Raymond James has upgraded AutoZone (NYSE:AZO) to Strong Buy, raising the price target from $2850.00 to $3100.00. AutoZone's shares are currently trading at $2674.98, and the new price target suggests a potential upside of 15.89%. AutoZone is a leading seller of aftermarket automotive parts in the U.S., with a growing presence in Mexico and Brazil.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm