Streetbeat News

Analyst Ratings

XEL

B of A Securities analyst Julien Dumoulin-Smith has downgraded Xcel Energy (NASDAQ:XEL) from Buy to Neutral and lowered the price target from $72 to $60.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 10:45 am

BTCUSD

JPM

In 2017, JPMorgan CEO Jamie Dimon dismissed Bitcoin as a 'fraud' and predicted its eventual demise. He also expressed a zero-tolerance policy towards Bitcoin trading among JPMorgan traders. However, if one had invested $100 in Bitcoin on the day of Dimon's comments, the investment would have grown by 534.54%, resulting in an exit amount of $634.54.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 10:31 am

CSIQ

DNN

EBS

GEVO

PCT

WALD

Several stocks are recording losses in Tuesday's pre-market trading session. PureCycle Technologies shares fell 11.7% after announcing a private offering of $200.0 million of green convertible senior notes. Emergent BioSolutions shares declined 8.2% as it will be replaced in the S&P SmallCap 600 by Advance Auto Parts. Waldencast shares fell 5.3% after a 29% jump on Monday. Gevo shares fell 3.4% after Northland Capital Markets initiated coverage with a Market Perform rating. Canadian Solar shares fell 2.9% following Q2 results. Denison Mines shares fell 2.1% after a 4% gain on Monday.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 10:24 am

BABA

JD

PDD

Chinese e-commerce giants Alibaba (BABA) and JD.com (JD) are shifting their strategies to sell more discounted items in response to changing consumer behavior amid economic uncertainty. Alibaba's platform Taobao introduced a feature for affordable products and JD.com initiated a $1.4 billion subsidy scheme. Both companies surpassed market expectations in their recent quarterly results. The shift brings them closer to the strategies of their rival PDD Holdings (PDD).

Portfolio Pulse from Anusuya Lahiri

August 22, 2023 | 10:14 am

UROY

HC Wainwright & Co. analyst Heiko Ihle maintains a 'Buy' rating on Uranium Royalty (NASDAQ:UROY) and raises the price target from $6 to $6.2.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 10:12 am

ANIP

HC Wainwright & Co. analyst Oren Livnat maintains a 'Buy' rating on ANI Pharmaceuticals (NASDAQ:ANIP) and raises the price target from $60 to $73.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 10:11 am

FN

HC Wainwright & Co. analyst Matthew Caufield has reiterated a 'Buy' rating on Fabrinet (NYSE:FN) and maintained a price target of $28.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 10:10 am

FN

Needham analyst Alex Henderson maintains a Buy rating on Fabrinet (NYSE:FN) and raises the price target from $150 to $165.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 10:09 am

LNW

Redburn Partners analyst Andrew Tam has initiated coverage on Light & Wonder (NASDAQ:LNW) with a Buy rating and a price target of $104.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 9:56 am

GXO

UBS analyst Thomas Wadewitz has initiated coverage on GXO Logistics (NYSE:GXO) with a Buy rating and a price target of $74.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 9:55 am