Streetbeat News

Analyst Ratings

BMY

Bristol Myers Squibb (NYSE:BMY) has announced Christopher Boerner as their new Chair of the Board of Directors and CEO. Boerner will take over as Chair in April 2024 and as CEO from November 1. He succeeds Giovanni Caforio, who is retiring after 23 years of service. The company recently reported its Q3 2023 financial results, with revenues of $11 billion and GAAP EPS of $0.93. However, U.S. revenues fell 4% due to lower sales of Revlimid.

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 1:09 am

GTE

Gran Tierra Energy (AMEX:GTE) reported Q3 2023 earnings of $0.20 per share, beating the analyst consensus estimate of $(0.45) by 144.44%. This is a 80% decrease from the same period last year. The company also reported quarterly sales of $179.92 million, beating the analyst consensus estimate of $60.00 thousand by 299.77K%. This is a 6.84% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

October 31, 2023 | 9:44 pm

BTCUSD

Thomas Braziel, CEO of 117 Partners and CIO at 507 Capital, will share his insights at Benzinga's Future of Digital Assets event. Braziel has a history of dealing with distressed crypto assets, including purchasing claims from Mt.Gox customers. Recently, the market for FTX distressed credit has been active, with a $20 million claim selling for 52 to 53 cents on the dollar. Braziel sees a positive development due to the recent settlement and plan support announced by the ad hoc committee of non-U.S. FTX customers, which could see over 90% of assets returned by the end of Q2 2024.

Portfolio Pulse from Stjepan Kalinic

October 31, 2023 | 9:13 pm

OKE

ONEOK (NYSE:OKE) reported Q3 earnings of $0.99 per share, missing the analyst consensus estimate of $1.08 by 8.33 percent. This is a 3.13 percent increase from last year. The company also reported quarterly sales of $4.19 billion, missing the analyst consensus estimate of $5.76 billion by 27.27 percent, a 29.17 percent decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:46 pm

PRFT

Needham analyst Mayank Tandon has maintained a 'Buy' rating on Perficient (NASDAQ:PRFT) but lowered the price target from $85 to $73.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:46 pm

LBTYA

LBTYB

Liberty Global reported Q3 earnings of $1.57 per share, beating the analyst consensus estimate of $(0.07) by 2342.86 percent, but a decrease of 67.76 percent from last year. The company's quarterly sales of $1.85 billion missed the analyst consensus estimate of $1.90 billion by 2.37 percent, but increased by 6.24 percent from last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:41 pm

XPO

JP Morgan analyst Brian Ossenbeck maintains an Overweight rating on XPO Logistics (NYSE:XPO), but lowers the price target from $89 to $88.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:41 pm

ZI

JP Morgan analyst Mark Murphy has maintained an Overweight rating on ZoomInfo Technologies (NASDAQ:ZI) but lowered the price target from $26 to $22.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:40 pm

WOLF

JP Morgan analyst Samik Chatterjee maintains a Neutral rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $60 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:38 pm

BRK

BTCUSD

NU

SPY

Warren Buffett, CEO of Berkshire Hathaway Inc (BRK), has been a vocal critic of Bitcoin (BTC), even calling it 'rat poison squared' in 2018. Despite this, if an investor had put $1,000 into Bitcoin at the time of Buffett's comment, their investment would now be worth $3,462.82, a return of 246.3%. In comparison, shares of Berkshire Hathaway have risen 76.2% and the SPDR S&P 500 ETF Trust (SPY) is up 56.8% over the same period. Buffett and Berkshire Hathaway are shareholders in Nu Holdings (NU), a crypto-friendly bank.

Portfolio Pulse from Chris Katje

October 31, 2023 | 8:38 pm