Streetbeat News

Stock Prices

BA

RTX

BofA Securities analyst Ronald Epstein has downgraded RTX Corporation's shares to Underperform from Neutral and lowered the price target from $95 to $75. This is due to anticipated cash headwinds of around $3 billion from 2023-2025, caused by issues with the Pratt & Whitney GTF fleet. The analyst believes RTX will underperform until there is a clearer understanding of the necessary fixes, customer concessions, and organizational changes. The analyst also highlighted that Boeing Company took two separate charges related to 737 MAX customer concessions, with the final charge ending up 47% higher than originally anticipated.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 5:03 pm

VZ

Verizon Communications (NYSE:VZ) has seen unusual options activity, with over 10 trades summing to $341,088. Whales have been targeting a price range from $33.0 to $35.0 for Verizon over the last 3 months. The price of VZ is up 1.05% at $34.22. Citigroup upgraded its action to Buy with a price target of $40, while Oppenheimer downgraded its action to Outperform with a price target of $43.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:01 pm

MELI

A significant investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 80% of recent trades being bearish. The price range targeted by these investors over the last 3 months is $1100.0 to $1820.0. The current price of MELI is down -1.25% at $1380.0. New Street Research, Wedbush, and UBS have given price targets of $1650, $1500, and $1700 respectively.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:01 pm

AMZN

ORCL

RIG

VZ

CNBC's Halftime Report discussed final trades involving Verizon, Oracle, Amazon, and Transocean. The specific details of the trades were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 5:01 pm

UCBI

Analysts have provided various ratings for United Community Banks (NASDAQ:UCBI) within the last quarter, with 1 bullish, 1 somewhat bullish, and 2 indifferent. The company has an average 12-month price target of $30.75, up by 0.42% from the previous average price target of $30.62.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:01 pm

CHDN

Analysts have provided ratings for Churchill Downs (NASDAQ:CHDN) in the last quarter, with 2 bullish, 7 somewhat bullish, and none bearish or indifferent. The average price target is $151.78, implying an upside from the current price of $118.985. This average has decreased by 3.67% from the previous average price target of $157.57.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm

HOTH

EF Hutton has maintained its Buy rating for Hoth Therapeutics (NASDAQ:HOTH) but lowered its price target from $12.00 to $7.50. Hoth Therapeutics' shares are currently trading down 11.41% at $1.70 per share. A move to $7.50 would represent a 340.92% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm

EVLV

Evolv Technologies (NASDAQ:EVLV) has received a mix of bullish and indifferent ratings from analysts in the last quarter. According to 6 analysts offering 12-month price targets in the last 3 months, Evolv Technologies has an average price target of $7.98, with a high of $10.00 and a low of $5.00. This average price target has increased by 48.6% over the past month.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm

IREN

HC Wainwright & Co. has maintained its Buy rating for Iris Energy (NASDAQ:IREN) and increased its price target from $10.00 to $11.00. Iris Energy, a bitcoin mining company, saw its shares trading up 11.41% over the last 24 hours, at $4.94 per share. A move to $11.00 would account for a 122.88% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm

NXPI

NXP Semiconductors (NASDAQ:NXPI) has outperformed the market over the past 5 years by 7.98% on an annualized basis, producing an average annual return of 17.11%. If an investor had bought $1000 of NXPI stock 5 years ago, it would be worth $2,239.70 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm