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Several companies have had their price targets adjusted by various analysts. Riskified Ltd. had its price target lowered by Piper Sandler from $8 to $7, while The Home Depot, Inc., Keurig Dr Pepper Inc., Abercrombie & Fitch Co., Callon Petroleum Company, SM Energy Company, TechnipFMC plc, NVIDIA Corporation, and Occidental Petroleum Corporation had their price targets increased by different analysts. Zynerba Pharmaceuticals, Inc. and Sea Limited had their price targets slashed by Canaccord Genuity and B of A Securities respectively.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 11:59 am

CAVA

Stifel analyst Chris O'Cull maintains a Buy rating on Cava Group (NYSE:CAVA) and raises the price target from $48 to $55.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:58 am

CAVA

Baird analyst David Tarantino maintains an Outperform rating on Cava Group (NYSE:CAVA) and raises the price target from $50 to $58.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:57 am

CB

Chubb Limited (NYSE:CB) conducted a survey showing banks and fintech companies are optimistic about embedded insurance, expecting it to significantly grow their revenue in the next three years. Chubb, which operates in 54 countries, reached a new all-time high of $231.37 on Jan. 27 due to increased consumer interest in protecting their belongings and lifestyles. The company projects major growth for insurance providers with digital products, especially in Asia and Latin America.

Portfolio Pulse from Melanie Schaffer

August 16, 2023 | 11:55 am

NWSA

Morgan Stanley analyst Andrew McLeod has reinstated News (NASDAQ:NWSA) with an Overweight rating and maintained a $27.5 price target.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 11:55 am

MMP

Argus Research analyst Bill Selesky has downgraded Magellan Midstream (NYSE:MMP) from Hold to Sell.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 11:53 am

SLND

DA Davidson analyst Brent Thielman has downgraded Southland Holdings (AMEX:SLND) from Buy to Neutral and lowered the price target from $12 to $7.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 11:52 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has predicted that Bitcoin (BTC) could reach $100,000 in value and even $1 million in the event of a worldwide economic crash. Cathie Wood, CEO of Ark Investment Management, also maintains her optimistic stance on Bitcoin, predicting it could reach $1 million in the next decade. At the time of writing, BTC was trading at $29,173.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 11:48 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell sharply in premarket trading on Wednesday, extending a slide for the fourth day. The company recently announced a 6.9% reduction in prices for inventory Model S and X vehicles in China, which is typically seen as a signal of a slowdown in demand. Future Fund's Gary Black commented that the price cuts reflect short-term thinking by Tesla China and suggested investing in advertising to build long-term brand equity.

Portfolio Pulse from Shanthi Rexaline

August 16, 2023 | 11:46 am

RVNC

Exane BNP Paribas analyst Navann Ty has upgraded Revance Therapeutics from Underperform to Neutral and set a price target of $20.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 11:44 am