Streetbeat News

Analyst Ratings

VVI

Craig-Hallum analyst Alex Fuhrman has initiated coverage on Viad (NYSE:VVI) with a Buy rating and a price target of $40.

Portfolio Pulse from richadhand@benzinga.com

June 28, 2023 | 11:50 am

COHR

Coherent's stock has been downgraded from Buy to Neutral by B. Riley Securities, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:40 am

F

GM

LCID

RIVN

TM

TSLA

Cox Automotive predicts General Motors (GM), Toyota Motor (TM), and Ford Motor (F) will lead in new vehicle sales in H1 2023. Total new vehicle sales volume is expected to rise by 11.6% YoY, reaching 7.65 million units. EV sales in the U.S. are forecasted to surpass 1 million units. Significant sales growth is anticipated for Tesla (TSLA), Rivian (RIVN), and Lucid Motors (LCID), with sales increases of 26.7%, 183.1%, and 215.2% respectively.

Portfolio Pulse from Anan Ashraf

June 28, 2023 | 11:40 am

PINS

Pinterest shares are trading higher following an upgrade from Wells Fargo, which changed its rating from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:38 am

VEEV

Veeva Systems' stock has been downgraded from Equal-Weight to Underweight by Morgan Stanley, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:36 am

AMD

NVDA

QQQ

SPY

Stock futures indicate a mixed opening on Wall Street, with traders anticipating comments from Federal Reserve Chair Jerome Powell and the release of the Fed’s bank stress test results. The technology sector, particularly the chip industry, may face pressure amid reports of a U.S. ban on Chinese chips. Carson Group analyst Ryan Detrick remains optimistic about the near-term market outlook, advising to buy weakness. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) fell 0.17% and the Invesco QQQ ETF (QQQ) slipped 0.36%. Nvidia Corp. (NVDA) and Advanced Micro Devices, Inc. (AMD) fell over 4% and 3%, respectively, following reports of the China chip ban.

Portfolio Pulse from Shanthi Rexaline

June 28, 2023 | 11:27 am

FUL

H.B. Fuller Company (NYSE:FUL) is expected to report lower Q2 earnings at $1.04 per share, down from $1.11 per share a year ago. The company's revenue is projected to be $969.6 million. Analysts from JP Morgan, Baird, and Deutsche Bank have recently adjusted their price targets for the company, with varying degrees of optimism.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 11:21 am

ROIV

Roivant Sciences (NASDAQ:ROIV) reported Q4 losses of $(0.20) per share, beating the analyst consensus estimate of $(0.36) by 44.44%. The company also reported quarterly sales of $27.38 million, surpassing the analyst consensus estimate of $21.53 million by 27.15%. This represents a 196.82% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 11:19 am

SNX

Raymond James analyst Adam Tindle has maintained a 'Strong Buy' rating on TD Synnex (NYSE:SNX), but lowered the price target from $125 to $120.

Portfolio Pulse from richadhand@benzinga.com

June 28, 2023 | 11:12 am

NKTX

Raymond James analyst Dane Leone has maintained an Outperform rating on Nkarta (NASDAQ:NKTX), but lowered the price target from $32 to $13.

Portfolio Pulse from richadhand@benzinga.com

June 28, 2023 | 11:11 am