Streetbeat News

Equity Actions

EVLO

Evelo Biosciences has initiated a process to explore strategic alternatives, including seeking partnering opportunities for its EDP1815 and SINTAX platform. The move is aimed at maximizing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:03 am

CYBR

JP Morgan analyst Brian Essex has upgraded CyberArk Software (NASDAQ:CYBR) from Neutral to Overweight and raised the price target from $182 to $200.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:36 am

NBR

Morgan Stanley analyst Daniel Kutz has upgraded Nabors Industries (NYSE:NBR) from Equal-Weight to Overweight and raised the price target from $160 to $175.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 10:17 am

AMZN

EZA

Amazon has announced the launch of Amazon.co.za in South Africa, scheduled for 2024.

Portfolio Pulse from Charles Gross

October 17, 2023 | 9:10 am

EWG

Germany's ZEW Economic Sentiment for October came in at -1.1, better than the estimated -9.3 and the previous -11.4. This indicates an improvement in the economic outlook for Germany.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:07 am

MBWM

Mercantile Bank has announced the retirement of its President and CEO, Robert Kaminski, effective June 1, 2024. Raymond E. Reitsma will be appointed as his successor. Reitsma will continue to serve in his current role as Executive Vice President and Chief Operating Officer until June 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 9:06 am

FTRE

Starboard Value, an investment firm, has acquired a stake of over 5% in contract-research company Fortrea. The news was reported by The Wall Street Journal.

Portfolio Pulse from Charles Gross

October 17, 2023 | 8:53 am

AAPL

NFLX

Netflix Inc. is expanding its gaming service to the US, allowing subscribers to play games on various streaming devices. The company is testing game streaming on TV platforms and the web, using smartphones as remote controllers. The move indicates Netflix's commitment to making games more universally available. The company's vigorous thrust into the gaming sector demonstrates a strategic shift to diversify its services and expand its reach. Apple Inc. also announced the addition of AAA games to the App Store during its iPhone 15 launch event.

Portfolio Pulse from Benzinga Neuro

October 17, 2023 | 8:32 am

FFIE

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) has unveiled a 'master plan' to achieve financial stability without overreliance on external funding. The plan focuses on cost reduction and in-house sourcing of capital-intensive systems. The company expects the plan to lead to positive cash flow and profitability. Faraday Future reported no revenue but a net loss of $124.9 million in Q2. The company's shares have plummeted by 95.02% year-to-date.

Portfolio Pulse from Anan Ashraf

October 17, 2023 | 8:15 am

LII

Mizuho analyst Brett Linzey has upgraded Lennox Intl (NYSE:LII) from Neutral to Buy and raised the price target from $340 to $460.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:12 am