Streetbeat News

Analyst Ratings

CB

MET

VOYA

Goldman Sachs analyst Alex Scott has updated ratings on several insurance stocks, with a positive outlook for life insurers in 2024. MetLife Inc (MET) was upgraded to Buy with a price target of $80, citing strong growth and capital position. Voya Financial Inc (VOYA) was downgraded to Neutral with a price target of $82, due to competitive market challenges and earnings volatility. Chubb Ltd (CB) was also downgraded to Neutral with a price target of $222, facing pricing deceleration and reserve release challenges. MET's stock is trading slightly higher, while VOYA and CB are trading lower.

Portfolio Pulse from Lekha Gupta

January 08, 2024 | 6:43 pm

HARP

HC Wainwright & Co. analyst Swayampakula Ramakanth downgraded Harpoon Therapeutics (NASDAQ:HARP) from Buy to Neutral, while increasing the price target from $12 to $23.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:41 pm

PRTG

HC Wainwright & Co. analyst Robert Burns has downgraded Portage Biotech (NASDAQ:PRTG) from Buy to Neutral, indicating a change in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:37 pm

IRTC

Needham analyst David Saxon has reaffirmed a Buy rating on iRhythm Technologies (NASDAQ:IRTC) and increased the price target from $108 to $136, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:33 pm

CBOE

Rosenblatt analyst Andrew Bond has reiterated a Buy rating on Cboe Global Markets (CBOE) and maintained a $192 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:17 pm

AMD

BA

DIA

IWM

NVDA

OIH

QQQ

SMH

SPY

TLT

XLK

XLRE

XOP

US stocks saw a rebound with the Nasdaq 100 and small-cap stocks leading the gains, while the Dow Jones was weighed down by Boeing's struggles. Semiconductor stocks like NVIDIA and AMD posted significant gains. The 10-year Treasury Note yield fell, and energy commodity prices dropped. Bonds recovered, and the U.S. dollar depreciated. Bitcoin rose above $45,000, while gold prices fell. Sector ETFs like XLK and XLRE saw upticks, whereas XOP and OIH experienced declines. Notable stock movements included Boeing's drop after an FAA grounding order, NVIDIA's rise on AI chip production news, AMD's gain after a new processor reveal, American Airlines' upgrade by Morgan Stanley, Crocs' surge on raised sales forecast, and Abercrombie & Fitch's increase after raising its sales forecast.

Portfolio Pulse from Piero Cingari

January 08, 2024 | 6:15 pm

SEIC

Oppenheimer analyst Owen Lau has reaffirmed an Outperform rating on SEI Investments Company (NASDAQ:SEIC) and increased the price target from $65 to $71, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:15 pm

ABSI

HC Wainwright & Co. analyst Swayampakula Ramakanth has reaffirmed a Buy rating on Absci (NASDAQ:ABSI) and increased the price target from $4 to $7.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:14 pm

RXST

Oppenheimer analyst Steven Lichtman has maintained an Outperform rating on RxSight (NASDAQ:RXST) and increased the price target from $38 to $46, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:13 pm

LQR

EF Hutton analyst Michael Albanese has initiated coverage on LQR House (NASDAQ:LQR) with a Buy rating and set a price target of $7.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:12 pm