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SXC

SunCoke Energy reported better-than-expected Q2 financial results and reaffirmed its FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:02 am

LSCC

Benchmark analyst David Williams has reiterated a Buy rating on Lattice Semiconductor Corporation (NASDAQ:LSCC), raising the price target to $105 from $95. The company's Q2 results were better than expected, demonstrating the strength of the portfolio and resilience to macro volatility. The analyst expects revenue to begin inflecting in 2024 with the ramp of Avant E earlier this year, followed by two additional product families later this year. FY23 EPS estimate is raised to $2.08 from $2.05 and FY24 EPS is expected to be $2.41.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 10:02 am

UAN

CVR Partners reported a year-over-year decrease in Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:02 am

MPWR

Monolithic Power Systems Inc (NASDAQ:MPWR) reported Q2 2023 results, surpassing expectations with revenues of $441.1 million and adjusted EPS of $2.82. The company expects Q3 revenues between $464.0 million and $484.0 million. Several analysts have responded by raising their price targets for MPWR, despite a slight decrease in the stock's price.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 10:02 am

GLDD

Great Lakes Dredge & Dock Corporation reported better-than-expected Q2 earnings per share (EPS) results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:02 am

PLOW

Douglas Dynamics reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:02 am

VZ

A significant bearish stance has been taken on Verizon Communications (NYSE:VZ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. Over the last 3 months, the targeted price range for Verizon has been between $24.0 and $80.0. The price of VZ is currently down by 1.69% at $33.51. Analysts from Raymond James, Wells Fargo, Goldman Sachs, Citigroup, and Morgan Stanley have maintained their ratings on Verizon, with price targets ranging from $36 to $44.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:02 am

WFC

A significant bearish stance has been taken on Wells Fargo (NYSE:WFC) as indicated by unusual options activity. The overall sentiment of big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $30.0 to $52.5 for Wells Fargo over the last 3 months. The price of WFC is currently down -1.36% at $45.53.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:02 am

TGT

Oppenheimer analyst Rupesh Parikh has reiterated an Outperform rating on Target Corporation (TGT), but lowered the price target from $190 to $165. The company is expected to report its quarterly results on August 16, 2023, with net sales expected to be $24.91 billion and EPS of $1.15. Parikh has lowered the EPS projection for FY23 to $7.00, down from $7.90, due to ongoing challenges in discretionary categories and potential headwinds related to the student loan payment restart. Despite near-term pressures, Parikh remains bullish for long-term players, anticipating a multiyear margin recovery.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 10:01 am

AMWL

American Well (NYSE:AMWL) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $-0.21. The company's past performance shows a trend of missing EPS estimates, which has often led to a drop in share price. The stock is currently trading at $2.45, down 49.07% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:01 am