Streetbeat News

Analyst Ratings

ATOS

HC Wainwright & Co. analyst Emily Bodnar initiates coverage on Atossa Therapeutics (NASDAQ:ATOS) with a Buy rating and a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:39 pm

PSBD

B of A Securities has initiated coverage on Palmer Square Capital BDC (NYSE:PSBD) with a Neutral rating and set a price target of $16.5.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:35 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares fell over 3% in premarket trading due to profit-taking after a nearly 7% gain last week and a downgrade by Barclays analyst Dan Levy from Overweight to Equal-Weight. Levy also lowered his price target for Rivian from $27 to $25. Despite recent price reductions for its vehicles and a pause in Canadian deliveries for a software update, Rivian looks forward to its quarterly earnings report on Feb. 21 and the launch of its R2 EV platform on March 7.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 12:35 pm

PSBD

Citigroup analyst Arren Cyganovich initiates coverage on Palmer Square Capital BDC (NYSE:PSBD) with a Buy rating and a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:32 pm

RKLB

Citigroup analyst Jason Gursky reinstated Rocket Lab USA (RKLB) with a Buy rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:24 pm

QQQ

RIVN

SPY

U.S. stock futures showed indecision ahead of key inflation data and earnings reports. Positive tech earnings and crude oil rally lifted markets last week, with major indices reaching new highs. Analysts express optimism but caution over valuations. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Rivian Automotive fell on negative analyst action. Companies like Arista Networks, Avis Budget Group, and others are set to report earnings. Crude oil prices and bond yields remained steady.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 12:19 pm

EVBG

LGIH

MAS

VRNS

VVX

Wall Street's most accurate analysts have made new stock picks, with notable mentions including V2X, Inc. (VVX) with a 72% upside, Everbridge, Inc. (EVBG) seeing a 3% upside following its acquisition by Thoma Bravo, Varonis Systems, Inc. (VRNS) with an 8% downside, LGI Homes, Inc. (LGIH) expected to plunge 20%, and Masco Corporation (MAS) with a 12% upside. These ratings come from analysts with an 88% accuracy rate, except for Keith Hughes from Truist Securities who has an 87% accuracy rate.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 12:15 pm

DUK

B of A Securities analyst Julien Dumoulin-Smith downgraded Duke Energy (DUK) from Buy to Neutral and reduced the price target from $105 to $96, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:15 pm

EG

Citigroup analyst Michael Ward downgraded Everest Group (NYSE:EG) from Buy to Neutral and reduced the price target from $452 to $375, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:13 pm

BIG

Loop Capital analyst Anthony Chukumba downgrades Big Lots (NYSE:BIG) from Hold to Sell and lowers the price target from $6 to $1, indicating a negative outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:09 pm