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MLM

Martin Marietta Materials's (NYSE:MLM) short percent of float has fallen 23.08% since its last report, with 542 thousand shares sold short, which is 1.0% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, MLM has less short interest.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 7:15 pm

DELL

Dell Technologies' (NYSE:DELL) short percent of float has risen 49.62% since its last report, with 9.55 million shares sold short, which is 3.89% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Dell has less short interest as a percentage of float, with an average of 6.22%.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 7:15 pm

NSC

Norfolk Southern's (NYSE:NSC) short percent of float has risen 3.45% since its last report, with 2.73 million shares sold short, which is 1.2% of all regular shares available for trading. This indicates that traders are expecting the stock price to fall. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 7:15 pm

KO

Coca-Cola Co (NYSE:KO) shares are trading lower by 4.1% due to a decrease in shopping demand indicated by Walmart, which is attributed to the use of appetite-suppressing medications. The rise in Treasury yields and the attractiveness of fixed-income investments like bonds when interest rates rise are also contributing to the fall in Coca-Cola's stock price.

Portfolio Pulse from Henry Khederian

October 05, 2023 | 7:13 pm

CLX

Raymond James analyst Olivia Tong has downgraded Clorox Co (NYSE:CLX) to Market Perform from Outperform and maintained a price target of $185.00. The downgrade is due to weaker-than-expected Q1 preliminary results and the impact of a recent cybersecurity attack. The analyst predicts a slow recovery for the company, with the impact of the attack largely subsiding by FY25.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 7:11 pm

K

RBC has lowered its price target on Kellanova shares from $70 to $60, causing the stock to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 7:11 pm

DXCM

DexCom's stock is trading lower due to the increasing popularity of weight loss drugs. The company has been under pressure throughout the year.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 7:06 pm

ISTR

Piper Sandler analyst Graham Dick upgraded Investar Holding Corp (NASDAQ:ISTR) to Overweight from Neutral with a price target of $13.5. The upgrade is due to the analyst's view of valuation 'becoming unreasonably depressed' given the bank's modest earnings outlook. The analyst revised EPS estimates to $1.73 for FY23 and $1.14 for FY24, assuming slightly better near-term net interest margins on lower average borrowings. However, the net interest margin is expected to have less growth in FY24 amid a 'higher for longer' environment.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 7:05 pm

ST

Sensata Technologies (NYSE:ST) is transitioning from manufacturing sensors for the automotive market to expanding its exposure to electrification and developing a software/services business. The company expects restructuring costs of $16M-$20M in Q3 but anticipates saving $40M-$50M per year in the future. Truist Securities analyst William Stein reiterated a Hold rating on ST and lowered the price target to $43 from $48. ST has initiated a Q4 guidance below consensus, with sales expected to be 2.4% lower and EPS of $0.94.

Portfolio Pulse from Nabaparna Bhattacharya

October 05, 2023 | 7:03 pm

WES

Over the past 3 months, 10 analysts have published their opinion on Western Midstream (NYSE:WES) stock. The average price target for the stock is $31.2, a decrease of 4.82% from the previous average price target of $32.78. The ratings are mixed with 2 bullish, 4 somewhat bullish, 3 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 7:01 pm