Streetbeat News

Equity Actions

SYK

B of A Securities analyst Travis Steed has upgraded Stryker (NYSE:SYK) from Neutral to Buy and announced a price target of $315.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:51 am

SBIG

SBIGW

Springbig's securities will be delisted from the Nasdaq and its common stock and public warrants will be quoted on the OTCQX Best Market under the symbols 'SBIG' and 'SBIGW' respectively, starting around September 6, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:41 am

KLAC

KLA Corporation has announced an increase in its quarterly dividend level from $1.30 to $1.45 per share, marking the fourteenth consecutive annual increase. The company's Board of Directors has also authorized a repurchase of up to $2 billion of the company's common stock.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:12 am

BMY

Zenas BioPharma has entered into a license and collaboration agreement with Bristol Myers Squibb to develop and commercialize obexelimab for autoimmune diseases in several Asian countries. Zenas will receive a $50 million up-front cash payment and additional payments for achieving certain milestones. Bristol Myers Squibb will also make an equity investment in Zenas.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:07 am

HOLI

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) has received notices of intention from certain shareholders to request a special meeting to consider proposed amendments to the company's Articles, including increasing the board size from five to eleven directors. Additionally, the company received an unsolicited, non-binding offer from Recco Control Technology and Dazheng Group to acquire all issued and outstanding shares at $25.00 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 10:02 am

CVX

FXI

UNG

VGK

A Chevron executive, speaking at Gastech, warned that a normal winter could pose difficulties for some European countries. He also predicted that the LNG spot market could remain volatile until 2025, but expressed belief in the long-term prospects of China's LNG demand.

Portfolio Pulse from Charles Gross

September 05, 2023 | 9:56 am

AXP

RBC Capital analyst Jon Arfstrom has upgraded American Express (NYSE:AXP) from Sector Perform to Outperform and raised the price target from $197 to $200.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:49 am

CTVA

UBS analyst Joshua Spector has upgraded Corteva (NYSE:CTVA) from Neutral to Buy and raised the price target from $63 to $67.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:47 am

NUTX

Nutex Health Inc. (NASDAQ:NUTX) has appointed Joshua DeTillio as its new Chief Operating Officer, effective from October 2, 2023. DeTillio, who has over 20 years of hospital experience and 12 years as a CEO in investor-owned, publicly traded companies, previously served as CEO at Bravera Health, owned by Community Health Systems.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:34 am

LOW

Bernstein analyst Dean Rosenblum has upgraded Lowe's Companies (NYSE:LOW) from Market Perform to Outperform and raised the price target from $252 to $282.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:17 am