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EAT

Brinker International (NYSE:EAT) has received 11 analyst ratings in the last quarter, with an average price target of $38.45, which is slightly below its current price of $38.53, indicating a marginal downside. The average price target has increased by 1.18% from the previous target of $38.00. The ratings consist of 4 bullish and 7 indifferent, with no bearish or somewhat bearish ratings. Analysts' ratings are based on company data, financial statements, and insider information.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:00 pm

MDB

RBC Capital analyst Rishi Jaluria maintains an Outperform rating on MongoDB and increases the price target from $445 to $475.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:58 pm

QQQ

SPY

TLT

Recent data indicating a cooling U.S. labor market has raised concerns among investors ahead of the November jobs report and the upcoming Federal Open Market Committee meeting. Job openings decreased and ADP reported lower-than-expected private employment growth. Economists expect non-farm payrolls to rise to 180,000 with a steady unemployment rate and a slight increase in average hourly earnings. The jobs report could influence market expectations of Federal Reserve rate cuts in 2024, affecting ETFs like QQQ, SPY, and TLT.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 3:51 pm

BTI

British American Tobacco PLC (NYSE:BTI) shares dropped approximately 9% following a pre-close trading update. The company expects to record a non-cash impairment charge of about £25 billion ($31.50 billion) related to certain U.S. cigarette brands. BAT plans to start amortizing the remaining value of its U.S. combustibles brands from January 2024. Despite challenges in the U.S. market, including macroeconomic pressures and illicit modern disposables, BAT's global volume share in combustibles is flat YTD 2023, with a slight decrease in value share. The company remains on track for 100% operating cash flow conversion in 2023 and aims to be within its targeted leverage range. BAT anticipates organic revenue growth at the lower end of its 3%-5% guidance for 2023 and projects an improvement to 3%-5% revenue growth by 2026, with a goal of 50% revenue from non-combustible products by 2035.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 3:49 pm

ARVN

CPB

PHR

PHVS

PLAY

THO

WBUY

THOR Industries reported better-than-expected quarterly earnings of 99 cents per share against estimates of 98 cents, with sales of $2.50 billion versus $2.498 billion expected, sending its shares up 6.5%. Other stocks also moved higher, with significant gains following positive earnings, clinical study results, strategic moves, and financial updates.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 3:48 pm

TXT

Textron Inc. (NYSE:TXT) has experienced a 9.9% increase in short interest since its last report, with 5.52 million shares sold short, representing 3.22% of its float. It would take about 4.44 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Textron's short interest is higher than its peer group average of 2.70%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:45 pm

NVR

NVR, Inc. (NYSE:NVR) has seen a 9.57% decrease in short interest, with 68 thousand shares sold short, representing 2.55% of its float. The short interest decline suggests a more bullish sentiment among investors. It takes an average of 3.36 days to cover short positions. NVR's short interest is below its peer group average of 6.36%, indicating less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:45 pm

KEY

KeyCorp's (NYSE:KEY) short interest has decreased by 16.33% since the last report, with 40.44 million shares sold short, representing 4.92% of available shares. The short interest is higher than the peer group average of 1.24%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:45 pm

NIO

NIO shares are up after reports of plans to spin off its battery unit and following the release of its Q3 financial results and guidance.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:41 pm

SPY

UNG

USO

USA gasoline inventories saw a significant increase with a build of 5.421 million barrels, surpassing the estimated build of 1.027 million barrels and the prior build of 1.764 million barrels. This unexpected rise in gasoline inventories could suggest lower demand or higher production levels, potentially impacting energy sector stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:31 pm