Streetbeat News

Analyst Ratings

KRYS

Chardan Capital analyst Geulah Livshits maintains a 'Buy' rating on Krystal Biotech (NASDAQ:KRYS) and raises the price target from $148 to $153.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 8:29 am

PASG

Chardan Capital analyst Geulah Livshits has maintained a 'Buy' rating on Passage Bio (NASDAQ:PASG), but lowered the price target from $11 to $9.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 8:28 am

HLIO

Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Helios Technologies (NYSE:HLIO) but lowers the price target from $74 to $70.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 8:22 am

DK

Raymond James analyst Justin Jenkins maintains an 'Outperform' rating on Delek US Holdings (NYSE:DK) and raises the price target from $30 to $32.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 8:22 am

BYND

LLY

PARA

TTWO

UPS

United Parcel Service (UPS), Paramount Global (PARA), Take-Two Interactive Software (TTWO), Beyond Meat (BYND), and Eli Lilly (LLY) are expected to be in focus for investors. UPS is expected to post earnings of $2.50 per share on revenue of $23.11 billion. Paramount Global reported better-than-expected Q2 results and announced the sale of Simon & Schuster to KKR for $1.62 billion. Take-Two Interactive is expected to report earnings of 37 cents per share on revenue of $1.21 billion. Beyond Meat reported disappointing Q2 results and issued a weak revenue forecast for FY23. Eli Lilly is expected to report earnings of $1.99 per share on revenue of $7.58 billion.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 8:18 am

TSLA

Tesla's CFO Zachary Kirkhorn, also known as 'Master of Coin', has announced his decision to leave the company after a 13-year tenure. CEO Elon Musk thanked Kirkhorn for his contributions and wished him well for his future endeavors. Analysts speculate that Kirkhorn's departure may be due to a disagreement with Musk on strategy or succession, or due to the wealth he has accumulated through his Tesla stock. Tesla has promoted company insider Vaibhav Taneja as the next CFO.

Portfolio Pulse from Shanthi Rexaline

August 08, 2023 | 7:55 am

FOXA

Fox Corporation (NASDAQ:FOXA) is expected to report lower Q2 earnings at 72 cents per share, down from 74 cents per share a year ago. The company's revenue is projected to be $3.03 billion. Fox shares rose 0.1% to close at $33.08 on Monday. Several analysts have recently adjusted their price targets for the company, with the most accurate analysts maintaining neutral ratings and price targets ranging from $35 to $37.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 7:32 am

PLTR

Palantir Technologies (PLTR) reported Q2 results in line with expectations and issued upbeat guidance. The company's AI platform, AIP, launched 10 weeks ago, was a highlight of the quarterly results. The company's customer count rose about 38% YoY. The revenue beat was due to strength in its government business, and the commercial segment was also gaining traction. The company raised the mid-point of full-year revenue guidance to over $2.212 billion. The company is engaging with 300+ enterprises to deploy AIP.

Portfolio Pulse from Shanthi Rexaline

August 08, 2023 | 5:39 am

MS

Morgan Stanley's Chief Investment Officer, Mike Wilson, warns of an impending earnings recession due to declining inflation. He attributes this to the boom-bust cycle caused by expansive fiscal policy during the pandemic and tight monetary policy over the past year. Despite these warnings, investors continue to invest in stocks due to cooling inflation and a strong economy. Wilson's team also highlighted the risks if fiscal spending is reduced due to political or funding challenges.

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 5:09 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Monday with the global cryptocurrency market cap declining 0.3% to $1.2 trillion. Bitcoin was marginally higher, Ethereum was down, and Dogecoin was down 2.27%. Analysts are awaiting the Consumer Price Inflation report due on August 13 for further market direction. Cryptocurrency trader Michaël van de Poppe suggested that it's a time to accumulate more if possible. Chainlink whales have purchased 14 million LINK over the past week, worth over $100 million.

Portfolio Pulse from Shivdeep Dhaliwal

August 08, 2023 | 2:51 am