Streetbeat News

Analyst Ratings

CRGE

Maxim Group analyst Tate Sullivan has downgraded Charge Enterprises (NASDAQ:CRGE) from Buy to Hold, indicating a shift in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:48 pm

CIG

B of A Securities analyst Arthur Pereira has downgraded Cia Energetica DE Minas (CIG) from Buy to Neutral and reduced the price target from $3.2 to $2.6.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:41 pm

AVGO

BURL

CSCO

IYH

On CNBC's 'Halftime Report Final Trades,' experts discussed their views on several stocks and an ETF. Shannon Saccocia of Boston Private expects a rotation back into the healthcare sector and named iShares U.S. Healthcare ETF (IYH). Rob Sechan of NewEdge Wealth highlighted Broadcom Inc. (AVGO) for its low valuation and high operating margin, noting its acquisition of VMware. Jim Lebenthal of Cerity Partners believes Cisco Systems, Inc. (CSCO) is poised for recovery despite a bad week and lowered projections for 2024. Joseph Terranova of Virtus Investment Partners chose Burlington Stores, Inc. (BURL), which reported a revenue miss in Q3. Broadcom shares fell, Cisco shares rose, Burlington gained, and the iShares U.S. Healthcare ETF also saw gains in Wednesday's session.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:23 pm

AEO

Morgan Stanley analyst Kimberly Greenberger has maintained an Underweight rating on American Eagle Outfitters (NYSE:AEO) and reduced the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:13 pm

URBN

Morgan Stanley analyst Alex Straton has downgraded Urban Outfitters (NASDAQ:URBN) from Overweight to Equal-Weight and reduced the price target from $42 to $36.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:11 pm

SACH

Oppenheimer analyst Tyler Batory has reiterated an Outperform rating on Sachem Capital (AMEX:SACH) and maintained a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:05 pm

HOOD

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Robinhood Markets (NASDAQ:HOOD) but reduced the price target from $12 to $11.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:01 pm

AINC

Oppenheimer analyst Tyler Batory has maintained an Outperform rating on Ashford (AMEX:AINC) but has reduced the price target from $17 to $14.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:01 pm

AEO

Morgan Stanley analyst Kimberly Greenberger has maintained an Underweight rating on American Eagle Outfitters (NYSE:AEO) and reduced the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:00 pm

NVDA

QQQ

SPY

U.S. stocks are expected to open mixed as trading resumes after Thanksgiving, with Nvidia Corp. (NVDA) facing continued negative sentiment. Bond yields have slightly increased, while crude oil prices remain low. S&P Global's PMI data is anticipated post-market opening. A Morgan Stanley analyst predicts a challenging first half for 2024, followed by a stronger second half due to falling inflation and monetary easing. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed marginal premarket movements. Nvidia's stock dropped after delaying its China-specific AI chip launch. Black Friday sales could put retailers in the spotlight. Crude oil futures declined, and the 10-year Treasury note yield rose. Cryptocurrency sentiment improved, with Bitcoin gaining, and the U.S. dollar weakened against most major currencies except the yen. Asian markets closed mixed, while European markets showed mixed performance.

Portfolio Pulse from Shanthi Rexaline

November 24, 2023 | 12:24 pm