Streetbeat News

Analyst Ratings

SUM

Wolfe Research analyst Timna Tanners has downgraded Summit Materials (NYSE:SUM) from Outperform to Peer Perform.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:52 am

ABM

Deutsche Bank analyst Faiza Alwy has downgraded ABM Industries (NYSE:ABM) from Buy to Hold and lowered the price target from $65 to $43.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:52 am

CLVT

Barclays analyst Manav Patnaik has downgraded Clarivate (NYSE:CLVT) from Equal-Weight to Underweight and lowered the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:31 am

GILD

B of A Securities analyst Geoff Meacham has upgraded Gilead Sciences from Neutral to Buy and raised the price target from $88 to $95.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:30 am

ADBE

Mizuho analyst Gregg Moskowitz has upgraded Adobe (NASDAQ:ADBE) from Neutral to Buy and raised the price target from $520 to $630.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:28 am

PBR

Bradesco Corretora analyst Vicente Falanga has upgraded Petrobras Brasileiro (NYSE:PBR) from Neutral to Outperform and announced a $15 price target.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:27 am

DKL

Citigroup analyst Spiro Dounis has upgraded Delek Logistics Partners (DKL) from Sell to Neutral and lowered the price target from $47 to $45.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:26 am

FSLR

Deutsche Bank analyst Corinne Blanchard has upgraded First Solar (NASDAQ:FSLR) from Hold to Buy and raised the price target from $220 to $235.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 11:25 am

AAPL

DOCU

KR

QQQ

SPY

Stock futures indicate another down session on Friday, with China's domestic growth concerns and potential for a U.S.-China trade war dampening traders’ risk appetite. Despite this, analysts remain optimistic about the long term. Rumors of China expanding its iPhone ban led to a sell-off in Apple and other tech firms. In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.14% and the Invesco QQQ ETF declined 0.13%. Stocks in focus include DocuSign, which rose over 3% following the release of its quarterly results, and Kroger Co., which is scheduled to release its quarterly results.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 11:16 am

AAPL

The Chinese government is planning to extend its ban on iPhones from government employees to those working in other state-run agencies and government-controlled organizations. This news comes after Apple Inc.'s shares fell by 2.9% on Thursday and are down 6.2% this week. Despite this, Wedbush Securities’ analyst Dan Ives believes the concerns are overblown, stating that the Chinese consumer continues to want iPhones.

Portfolio Pulse from Rounak Jain

September 08, 2023 | 11:16 am