Streetbeat News

Price Targets

KLG

Morgan Stanley analyst Pamela Kaufman has initiated coverage on WK Kellogg (NYSE:KLG) with an Equal-Weight rating and set a price target of $13 for the stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:09 am

MBRX

HC Wainwright & Co. analyst Vernon Bernardino has initiated coverage on Moleculin Biotech (NASDAQ:MBRX) with a Buy rating and set a price target of $3 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:06 am

TXG

Guggenheim analyst Subbu Nambi has initiated coverage on 10x Genomics (NASDAQ:TXG) with a Buy rating and set a price target of $60 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:59 am

ILMN

Stephens & Co. analyst Mason Carrico has initiated coverage on Illumina (NASDAQ:ILMN) with an Overweight rating and set a price target of $170 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:55 am

PACB

Stephens & Co. analyst Mason Carrico has initiated coverage on Pacific Biosciences (NASDAQ:PACB) with an Overweight rating and set a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:53 am

ZLAB

Morgan Stanley analyst Jack Lin has initiated coverage on Zai Lab (NASDAQ:ZLAB) with an Overweight rating and set a price target of $47.5 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:51 am

CTKB

Stephens & Co. analyst Mason Carrico has initiated coverage on Cytek Biosciences (NASDAQ:CTKB) with an Overweight rating and set a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:46 am

NOC

Wolfe Research analyst Myles Walton has downgraded Northrop Grumman (NYSE:NOC) from Peer Perform to Underperform and set a price target of $450.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:45 am

ADBE

ASLE

CLNE

GPMT

HMC

MOR

MWA

OCUL

Adobe Inc. reported Q4 earnings of $4.27 per share, beating estimates of $4.14, with revenue of $5.05 billion, slightly above the $5.03 billion estimate. However, Adobe issued a weak sales forecast for FY24, expecting revenue between $21.30 billion and $21.50 billion, below the $21.73 billion estimate. This resulted in a 6.1% drop in pre-market trading. Other stocks such as Ocular Therapeutix, AerSale Corporation, Granite Point Mortgage Trust, Honda Motor, MorphoSys AG, Clean Energy Fuels, and Mueller Water Products also saw pre-market declines despite various company-specific news.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 10:44 am

DECK

Stifel analyst Jim Duffy has downgraded Deckers Outdoor (NYSE:DECK) from Buy to Hold while increasing the price target from $600 to $709. This reflects a more cautious stance on the stock's current valuation, despite the raised price target suggesting a belief in the company's underlying value and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 10:42 am