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Analyst Ratings

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Several analyst forecasts were released on Thursday, with price target changes for multiple companies. Keybanc raised the price target for Micron Technology from $70 to $80, while Credit Suisse cut Pfizer's price target from $47 to $40. Pivotal Research reduced Liberty Global's price target from $30 to $25, and Keefe, Bruyette & Woods increased Green Dot Corporation's price target from $17 to $20. Goldman Sachs cut Foghorn Therapeutics' price target from $21 to $19, and HC Wainwright & Co. raised Roivant Sciences' price target from $15 to $18. Morgan Stanley increased Schrödinger's price target from $38 to $52, and UBS raised Symbotic's price target from $34 to $40. Morgan Stanley lowered General Mills' price target from $77 to $72, and B of A Securities increased The RealReal's price target from $1 to $1.85. Finally, Keybanc raised Invitation Homes' price target from $35 to $37.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 12:53 pm

JOBY

KTRA

RNXT

RenovoRx (RNXT) announced positive interim Phase III data showing RenovoGem™ delays cancer progression by eight months in locally advanced pancreatic cancer. Joby (JOBY) received a $100 million investment as it expands its partnership with SK Telecom. Kintara Therapeutics (KTRA) was awarded a $2.0 million National Institutes of Health SBIR grant to support the clinical development of REM-001.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:41 pm

NKE

Nike Inc. (NYSE:NKE) is expected to release its Q4 2023 financial results on June 29, 2023. Options markets are implying a move of around +/-6.38% following the earnings release, which is 2% below its historical average. Traders are buying puts, indicating an expectation of Nike's shares trading lower by the end of the week. Analysts expect Nike to post quarterly earnings at 67 cents per share on revenue of $12.59 billion.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 12:36 pm

WING

Guggenheim analyst Matthew Difrisco has initiated coverage on Wingstop (NASDAQ:WING) with a Neutral rating.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 12:35 pm

FREY

Morgan Stanley has upgraded FREYR Battery's stock from Equal-Weight to Overweight and set a price target of $13. This has led to an increase in the trading of FREYR Battery shares.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:34 pm

TKNO

BTIG analyst Sung Ji Nam has assumed Alpha Teknova (NASDAQ:TKNO) with a Buy rating and set a price target of $6.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 12:32 pm

MAG

Scotiabank analyst Ovais Habib has reinstated MAG Silver (AMEX:MAG) with a Sector Perform rating and announced a $16 price target.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 12:31 pm

AI

Oppenheimer analyst Timothy Horan has initiated coverage on C3.ai (NYSE:AI) with a Perform rating.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 12:30 pm

ARLO

Craig-Hallum analyst Anthony Stoss has initiated coverage on Arlo Technologies (NYSE:ARLO) with a Buy rating and a price target of $17.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 12:29 pm

SDGR

Morgan Stanley analyst Vikram Malhorta maintains an Equal-Weight rating on Schrodinger (NASDAQ:SDGR) and raises the price target from $38 to $52.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:07 pm