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SNX

TD Synnex Corp (SNX) reported worse-than-expected Q2 results and issued Q3 guidance below estimates. Q2 revenue declined 7.9% Y/Y to $14.06 billion, missing the consensus of $14.42 billion. Adjusted EPS was $2.43, below the consensus of $2.55. The company expects Q3 revenue of $13.5 billion-$14.5 billion, below the consensus of $14.96 billion. Following the announcement, Raymond James, Credit Suisse, and Barclays cut their price targets on SNX.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 1:02 pm

WDAY

Workday (NASDAQ:WDAY) has received a variety of ratings from analysts over the last quarter, with 7 bullish, 12 somewhat bullish, and 4 indifferent. The average price target given by these 23 analysts is $238.35, which is higher than the current price of $224.22. This average has increased by 9.81% from the previous average price target of $217.05.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:01 pm

CASY

In the last quarter, Casey's General Stores (NASDAQ:CASY) received 11 analyst ratings, with 4 being bullish, 3 somewhat bullish, and 4 indifferent. The company has an average 12-month price target of $267.27, which has increased by 0.6% over the past month.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:01 pm

ABNB

Airbnb's (NASDAQ:ABNB) short percent of float has risen 9.23% since its last report, with 25.40 million shares sold short, which is 6.27% of all regular shares available for trading. It would take traders 4.0 days to cover their short positions on average. The company's short interest is less than its peer group average of 8.07%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:01 pm

AAPL

Apple's short percent of float has risen 10.0% since its last report, with 121.25 million shares sold short, which is 0.77% 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, Apple has less short interest as a percentage of float, with an average of 6.41%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:00 pm

LNG

Cheniere Energy's (NYSE:LNG) short percent of float has risen 24.78% since its last report, with 3.41 million shares sold short, which is 1.41% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Cheniere Energy's peer group average for short interest as a percentage of float is 3.56%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:00 pm

RGLS

Over the past 3 months, 4 analysts have published their bullish opinion on Regulus Therapeutics (NASDAQ:RGLS) stock, with an average price target of $9.0, representing a 55.0% decrease from the previous average price target of $20.00. Analysts derive their information from company conference calls, financial statements, and conversations with insiders.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:00 pm

SPOT

Analysts have provided various ratings for Spotify Technology (NYSE:SPOT) within the last quarter, with a total of 8 bullish, 10 somewhat bullish, and 7 indifferent ratings. The average 12-month price target for Spotify Technology, according to 25 analysts, is $158.44, which has increased by 12.6% over the past month.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:00 pm

WBA

Walgreens Boots Alliance Inc (NASDAQ:WBA) reported weaker-than-expected earnings for its third quarter and lowered its FY23 adjusted EPS guidance to $4.00-$4.05 from the previous $4.45 - $4.65. This led to a 9.3% fall in Walgreens shares to close at $28.64 on Tuesday. Following the earnings announcement, Deutsche Bank, Credit Suisse, Barclays, and JP Morgan all lowered their price targets on Walgreens.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 12:57 pm

JOBY

Joby Aviation has received a permit allowing it to begin flight testing of its first production prototype, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 12:56 pm