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Goldman Sachs predicts a larger-than-expected drop in core inflation for June and a continued downward trend in the consumer price index (CPI) inflation. The firm forecasts a decrease in used car prices, a decline in travel-related categories due to negative residual seasonality, and a moderate slowdown in shelter inflation. Companies operating in the used car market and house rental market may be impacted.

Portfolio Pulse from Piero Cingari

July 11, 2023 | 12:46 pm

ABBV

Morgan Stanley analyst Terence Flynn has reiterated an Overweight rating on AbbVie (NYSE:ABBV) and maintained a price target of $182.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:46 pm

PRTA

Cantor Fitzgerald analyst Charles Duncan has reiterated an Overweight rating on Prothena Corp (NASDAQ:PRTA) and maintained a price target of $129.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 12:45 pm

ELOX

Oppenheimer has maintained an Outperform rating on Eloxx Pharmaceuticals and raised its price target from $50 to $55. This has led to a rise in Eloxx's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:45 pm

RIVN

Barclays analyst Dan Levy maintains an Overweight rating on Rivian Automotive (NASDAQ:RIVN) and raises the price target from $22 to $30.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:41 pm

SMLR

Semler Scientific, Inc. (NASDAQ:SMLR) has announced the appointment of Renae Cormier as CFO, record quarterly revenues expected for Q2 2023, and a strategic streamlining plan. The company plans to reduce its workforce by 30% by September 15, 2023, which is expected to result in a reduction in quarterly operating expenses of approximately $1.5 million to $2.0 million.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 12:41 pm

DWAC

Digital World Acquisition Corp (DWAC) has appointed Eric Swider as the permanent CEO, effective July 6, 2023. The company recently settled an $18 million SEC investigation into its planned merger with Trump Media & Technology Group. Elon Musk welcomed Donald Trump back to Twitter after acquiring it for $44 billion. In April, DWAC appointed Katherine Chiles as CFO, Alexander Cano as President and secretary, and Frank Andrews as the non-executive chairman. DWAC shares are trading 1.26% lower at $13.28 premarket.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 12:40 pm

CRIS

Cantor Fitzgerald analyst Alethia Young has reiterated an Overweight rating on Curis (NASDAQ:CRIS) and maintained a $3 price target.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 12:39 pm

SLNO

Cantor Fitzgerald analyst Kristen Kluska has initiated coverage on Soleno Therapeutics (NASDAQ:SLNO) with an Overweight rating and a price target of $19.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 12:38 pm

MGA

Barclays analyst Dan Levy maintains an Equal-Weight rating on Magna International (NYSE:MGA) and raises the price target from $59 to $60.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 12:37 pm