Streetbeat News

Equity Actions

TENB

JP Morgan analyst Brian Essex has upgraded Tenable Holdings (NASDAQ:TENB) from Neutral to Overweight and raised the price target from $51 to $56.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:57 am

TSLA

Morgan Stanley analyst Adam Jonas has upgraded Tesla from Equal-Weight to Overweight and raised the price target from $250 to $400.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:49 am

STLA

Stellantis has signed a share buyback agreement for the third tranche of its program with an independent investment firm. The agreement covers a maximum of up to €500M and will start on September 11, ending no later than December 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:33 am

VEON

VEON Ltd. announces that its digital operator Beeline Uzbekistan has completed the first phase of its network upgrades to enhance its 4G experience. The project covers all 14 regions of Uzbekistan, aiming to expand its 4G population coverage from 78% to 85% by the end of 2023. The second phase, to be completed in October, will strengthen the 4G experience in major urban areas.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:11 am

BOWL

CASY

ORCL

SMTC

TNON

Oracle Corporation, Tenon Medical, Bowlero Corp., Semtech Corporation, and Casey's General Stores are the stocks to watch heading into Monday. Oracle and Casey's are expected to report their quarterly earnings after the closing bell. Tenon Medical announced a proposed public offering of common stock. Bowlero is expected to release its earnings before the markets open. Semtech named Mark Lin as its new Executive Vice President and CFO.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 7:12 am

KW

Kennedy Wilson (NYSE:KW), a global real estate investment company, has completed the construction of three major residential developments in Dublin, Ireland. These developments have added approximately 800 units to Kennedy Wilson's Irish multifamily portfolio, which now totals over 3,300 units. The company also has another 232 units under development.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:12 am

CART

Online grocery delivery company, Instacart, is targeting a valuation between $8.6 billion to $9.3 billion in its upcoming IPO, a significant decrease from its previous worth. The shares are expected to start trading on the Nasdaq exchange under the ticker 'CART'. The IPO valuation is a stark contrast to the nearly $39 billion Instacart secured in a 2021 fundraising round, reflecting a broader trend of falling valuations for high-growth startups.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 7:00 am

GM

TSLA

VWAGY

Tesla CEO Elon Musk has predicted that legacy automakers like Volkswagen and General Motors could become obsolete unless they transition to autonomous electric vehicles. Musk has previously noted the slow pace of EV adoption by these companies.

Portfolio Pulse from Anan Ashraf

September 11, 2023 | 4:39 am

DWAC

Former President Donald Trump criticized the Wall Street Journal and Fox News on Truth Social, a platform owned by Trump Media & Technology Group (TMTG). TMTG is set to go public by merging with Digital World Acquisition Corp (NASDAQ:DWAC). Trump challenged several figures, including President Joe Biden and Rupert Murdoch, to a mental acuity test, expressing discontent with a recent Wall Street Journal poll on perceived cognitive issues with Biden.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 1:16 am

META

MSFT

Meta Platforms Inc. is developing a new artificial intelligence (AI) system that aims to be as powerful as the most advanced model offered by OpenAI, according to the Wall Street Journal. This move is seen as part of the escalating technology race among major tech companies.

Portfolio Pulse from Charles Gross

September 10, 2023 | 9:04 pm