Streetbeat News

Analyst Ratings

KARO

Raymond James analyst Brian Peterson has maintained an 'Outperform' rating on Karooooo (NASDAQ:KARO), but lowered the price target from $30 to $26.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:23 am

DUOL

Piper Sandler analyst Arvind Ramnani maintains an Overweight rating on Duolingo (NASDAQ:DUOL) and raises the price target from $170 to $191.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:21 am

GOOGL

Keybanc analyst Justin Patterson maintains an Overweight rating on Alphabet (NASDAQ:GOOGL) and raises the price target from $145 to $155.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:18 am

KRE

TFC

Truist Financial (NYSE:TFC) is planning significant changes to boost its stock performance after a 43% decline since February 2023. The company plans to cut costs by selling or closing underperforming businesses and reducing its workforce. CEO William Rogers announced plans to eliminate $750 million in operating expenses over the next 12 to 18 months. These changes are expected to stabilize the company’s expense growth at around 0% to 1% in 2024, down from the estimated 7% in 2023.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 8:14 am

UNH

UnitedHealth Group Incorporated (NYSE:UNH) is set to release its Q3 financial results on Oct. 13, 2023. Analysts predict earnings of $6.32 per share, up from $5.79 per share in the same period last year, and revenue of $91.37 billion, up from $80.5 billion. The company's shares closed at $525.54 on Thursday. Recent analyst ratings include Jefferies' Hold rating with a price target of $531, Stephens & Co.'s Overweight rating with a price target of $560, and Morgan Stanley's Overweight rating with a price target of $587.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 6:48 am

JPM

JPMorgan Chase & Co. is expected to report higher Q3 earnings with an estimate of $3.90 per share, up from $3.12 per share a year ago. The company's revenue is projected to be $39.57 billion, compared to $32.09 billion in the year-ago period. Several analysts have revised their ratings and price targets for JPMorgan ahead of the earnings call.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 5:19 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Thursday evening as the Consumer Price Index (CPI) for September experienced a 0.4% increase, surpassing economist estimates of 0.3%. This reflects inflationary pressure on the economy. Stocks experienced a decline due to concerns over rising Treasury yields and ongoing U.S. inflation. The S&P 500 and Nasdaq Composite both dropped, marking the end of a four-day winning streak for the major indexes. Crypto analysts predict a 'bizarre' market with Bitcoin lacking strength and altcoins not budging despite Bitcoin's downward move.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 2:57 am

CRLBF

Cresco Labs Inc's CEO, Charlie Bachtell, discussed the company's strategies and the challenges of the cannabis industry at the Benzinga Cannabis Capital Conference. Bachtell attributed the company's success to a disciplined focus on core markets, products, brands, and team members. He also highlighted the importance of educating legislators about the cannabis industry. The CEO further discussed the challenges in Illinois, including competition from neighboring states and the emerging market of intoxicating cannabinoids.

Portfolio Pulse from Joana Scopel

October 13, 2023 | 2:35 am

AAPL

Tech analyst Ming-Chi Kuo has suggested that Apple Inc. (NASDAQ:AAPL) may incorporate a new technology, Resin Coated Copper (RCC), for the mainboard of the iPhone 17, potentially offering enhanced internal space and cost-saving benefits. However, this technology won't be adopted for the iPhone 16 due to concerns about its fragility. Ajinomoto is currently the leading supplier of RCC material.

Portfolio Pulse from Ananya Gairola

October 13, 2023 | 2:00 am

CMCSA

FOX

WBD

A recent study reveals that media coverage of political candidates varies by network. Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA) provided more coverage to President Joe Biden and his son, Hunter Biden, than Warner Bros. Discovery (NASDAQ:WBD)-owned CNN and Comcast Corporation (NASDAQ:CMCSA)-owned MSNBC. However, Donald Trump received more coverage from MSNBC and CNN than Fox. The 2024 election cycle is predicted to hit a new record of $10.2 billion in advertising, a 13% increase from the 2020 election.

Portfolio Pulse from Chris Katje

October 12, 2023 | 10:40 pm