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Stock Prices

ZM

Wells Fargo analyst Phil Winslow has downgraded Zoom Video Communications (ZM) from Equal-Weight to Underweight and set a new price target of $70.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 10:56 am

MRTX

Citigroup analyst Yigal Nochomovitz has downgraded Mirati Therapeutics (MRTX) from Buy to Neutral, while increasing the price target from $48 to $59. This reflects a more cautious stance on the stock's current valuation, but also acknowledges potential upside from the previous target.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 10:54 am

CRM

Wells Fargo analyst Michael Turrin downgraded Salesforce (CRM) from Overweight to Equal-Weight and set a price target of $280.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 10:52 am

NMRK

Piper Sandler analyst Alexander Goldfarb upgraded Newmark Group (NASDAQ:NMRK) from Neutral to Overweight and increased the price target from $7 to $13, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 10:50 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has reportedly stopped issuing merit-based equity awards to its salaried employees for this year. The company has provided cost-of-living increases and base salary adjustments but excluded the typical stock grants given during annual reviews. The reason for this change has not been disclosed, but it occurs amidst Tesla's cost reduction efforts and global economic concerns expressed by CEO Elon Musk. This decision follows a recent pay raise for hourly workers at the Nevada Gigafactory and reports of challenging working conditions at Tesla.

Portfolio Pulse from Benzinga Neuro

December 20, 2023 | 10:41 am

BLND

Wells Fargo analyst Michael Turrin upgraded Blend Labs (NYSE:BLND) from Equal-Weight to Overweight and increased the price target from $1.5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 10:39 am

ARGX

FDX

SCS

FedEx Corporation reported lower-than-expected earnings for Q2 and reduced its full-year revenue outlook, causing its shares to fall 9.6% in pre-market trading. Other stocks also moved lower in pre-market, including argenx SE after releasing topline study results, bluebird bio pricing a public offering, and Steelcase Inc. reporting mixed earnings.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 10:33 am

PARA

Wells Fargo analyst Steven Cahall has upgraded Paramount Global (NASDAQ:PARA) from Underweight to Equal-Weight and increased the price target from $15 to $18.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 10:22 am

ACN

FDS

GIS

MU

WGO

The Dow Jones continued its upward trend, closing higher for the ninth consecutive day, while the Nasdaq Composite surpassed the 15,000 mark for the first time since January 2022. The S&P 500 sectors all ended positively, with energy, communication services, and materials leading the gains. Accenture Plc reported strong Q1 earnings but a weak sales forecast, causing its shares to drop. FactSet Research Systems also saw a decline in shares after its Q1 earnings report. Investors are looking forward to earnings from Micron Technology, Winnebago Industries, and General Mills. The CNN Money Fear and Greed index indicates 'Extreme Greed' in the market.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 10:21 am

CCO

Wells Fargo analyst Steven Cahall has upgraded Clear Channel Outdoor (NYSE:CCO) from Equal-Weight to Overweight and increased the price target from $1.50 to $2.75.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 10:20 am