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CCM

Concord Medical Services announced plans to list its subsidiary on the Stock Exchange of Hong Kong, expecting to raise HK$562.9M (approximately $72.2M) from the initial public offering.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:14 pm

PARA

MoffettNathanson analyst Robert Fishman has upgraded Paramount Global (NASDAQ:PARA) from Sell to Neutral and set a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:13 pm

NEOG

Neogen Corporation (NASDAQ:NEOG) reported Q2 earnings with an EPS of $0.11, missing the estimate of $0.14 by 21.43%. Revenue also decreased by $404 thousand compared to the same period last year. The company's stock price previously fell by 6.79% following an EPS miss last quarter.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 12:10 pm

ADMA

HC Wainwright & Co. analyst Raghuram Selvaraju has reaffirmed a Buy rating on ADMA Biologics (NASDAQ:ADMA) and increased the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:09 pm

CAAP

Citigroup analyst Stephen Trent has upgraded Corporacion America (NYSE:CAAP) from Neutral to Buy and set a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:09 pm

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RIVN

TSLA

Tesla Inc.'s (NASDAQ:TSLA) price cuts in 2023 have significantly reduced the price gap between electric vehicles (EVs) and internal combustion engine (ICE) vehicles. Cox Automotive reports that by December, the average Tesla vehicle price was $50,051, close to the average ICE vehicle price of $48,759. The average EV price also dropped to $50,798. High inventory levels for EVs were reported, but Tesla and Rivian Automotive Inc. (NASDAQ:RIVN) were excluded from this data. The University of Exeter suggests EVs may become more affordable than gas vehicles in the U.S. this year. Ford Motor Co (NYSE:F) paused its $12 billion EV funding due to high EV costs and customer reluctance.

Portfolio Pulse from Ramakrishnan M

January 09, 2024 | 12:04 pm

NEOG

Neogen Corporation (NASDAQ:NEOG) reported Q2 adjusted EPS of $0.11, missing the $0.14 estimate, and sales of $229.63M, falling short of the $232.87M estimate. This represents a 26.67% decrease in EPS and a 0.18% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:03 pm

TLRY

Tilray Brands (NASDAQ:TLRY) reported Q2 earnings per share at $0.00, surpassing the estimated $(0.06), but experienced a 95% decrease from $0.02 per share a year ago. Sales reached $193.77M, falling short of the $195.10M estimate, yet marking a 34.44% increase from the previous year's $144.14M.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:02 pm

CX

B of A Securities analyst Carlos Peyrelongue has upgraded Cemex (NYSE:CX) from Neutral to Buy and increased the price target from $8.2 to $9, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:01 pm

EVRG

Wells Fargo analyst Sarah Akers has upgraded Evergy (NASDAQ:EVRG) from Equal-Weight to Overweight and increased the price target from $54 to $60, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:00 pm