Streetbeat News

Products Services

WMT

Walmart shares are trading higher after the company presented at the Evercore ISI Consumer & Retail Conference, highlighting store remodels and the potential for Flipkart and Phonepe to become $100 billion businesses.

Portfolio Pulse from Ryan Gustafson

June 14, 2023 | 7:37 pm

FDX

GM

FedEx Express Canada has launched its first 50 all-electric vehicles in partnership with BrightDrop, a General Motors subsidiary. This marks a significant step towards FedEx's goal of carbon-neutral operations by 2040.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:36 pm

EYPT

REGN

RHHBY

JonesResearch initiates coverage of EyePoint Pharmaceuticals with a Buy rating and a $26 price target, predicting potential $870M sales by 2035 for its lead asset EYP-1901 for age-related macular degeneration (AMD). The company is conducting a Phase 2 trial and expects results in December 2023.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 7:14 pm

NVDA

NVIDIA shares are trading higher as the stock continues to surge amid optimism surrounding the company's AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:09 pm

AMAM

AZN

NVS

PFE

SGEN

B Riley Securities initiates coverage on Ambrx Biopharma (AMAM) with a 'Buy' rating and a price target of $26 per share. The analyst highlights excitement around antibody-drug conjugates (ADCs) and recommends investors build positions ahead of clinical updates for ARX517 and ARX788.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 7:05 pm

RENT

JMP Securities analyst Andrew Boone reiterated a Market Outperform rating on Rent the Runway Inc (NASDAQ:RENT) with a price target of $6. The company is focused on improving customer onboarding and inventory depth, and plans to introduce AI-powered search. RTR expects active subscriber growth to accelerate to +25% Y/Y by year end.

Portfolio Pulse from Shivani Kumaresan

June 14, 2023 | 7:01 pm

ACAD

Acadia Pharmaceuticals announced the addition of ACP-101, a Phase 3 development candidate for hyperphagia in Prader-Willi syndrome, to its rare disease portfolio. The company acquired worldwide rights to ACP-101 by acquiring Levo Therapeutics in June 2022. Analysts believe ACP-101 has a strong strategic fit and adds upside optionality for Acadia's future revenue growth.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 6:59 pm

CRM

Oppenheimer analyst Brian Schwartz reiterated an Outperform rating on Salesforce (NYSE:CRM) with a price target of $235. He believes the company is well positioned to benefit from vendor consolidation trends, AI product prioritization, and improving business efficiency. Salesforce is also poised to gain from margin growth, increased multi-cloud adoption, and success with verticalized solutions.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 6:58 pm

CCHWF

CRLBF

Robert De Niro will introduce rapper French Montana's documentary, 'For Khadija,' at the Tribeca Film Festival. The film is executive produced by Aubrey 'Drake' Graham and Sean 'Diddy' Combs, who recently signed an agreement to acquire cannabis assets from Cresco Labs (CRLBF) and Columbia Care (CCHWF).

Portfolio Pulse from Maureen Meehan

June 14, 2023 | 6:38 pm

WBD

The article discusses the history of the popular 1980s TV show ALF and its impact on pop culture. In the 1996 movie 'Project: ALF', the alien character is shown to have a preference for cannabis tea. ALF is available on Warner Bros. Discovery's HBO MAX (NASDAQ:WBD).

Portfolio Pulse from El Planteo

June 14, 2023 | 6:34 pm