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BKD

B of A Securities analyst Joanna Gajuk upgraded Brookdale Senior Living (NYSE:BKD) from Underperform to Neutral and increased the price target from $3.95 to $6, potentially indicating an improved outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:23 pm

INTC

B of A Securities analyst Vivek Arya has upgraded Intel (NASDAQ:INTC) from Underperform to Neutral and increased the price target from $32 to $50.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:19 pm

CLX

B of A Securities analyst Anna Lizzul upgraded Clorox (NYSE:CLX) from Underperform to Neutral and increased the price target from $120 to $150.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:12 pm

CL

B of A Securities analyst Bryan Spillane has upgraded Colgate-Palmolive (NYSE:CL) from Neutral to Buy and set a price target of $90.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:11 pm

AMZN

DG

DLTR

ETSY

PDD

Amazon is intensifying its efforts in China to compete with online discount retailers Temu and Shein by engaging China-based sellers. Amazon plans to open an innovation center near Shenzhen to support Asia-Pacific sellers with product launches and digital strategies. The company is also extending its supply chain service to Chinese sellers, which simplifies the movement of goods. Despite not operating in China, Amazon has seen a 20% growth in sales from Chinese sellers in 2023. Temu and Shein are expanding their presence, with Temu capturing 17% of the U.S. discount store market share. Amazon is adjusting seller fees to stay competitive, while Etsy is focusing on non-disposable products to differentiate itself.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 12:10 pm

GNS

Genius Group anticipates a significant increase in full-year 2023 revenue, projecting $27M-$29M, which suggests a 43%-60% year-over-year growth. The company also revised its net profit guidance to $3.0M-$5.0M, a substantial improvement from the previously expected net loss of $(15.4)M-$(17.0)M.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:09 pm

MU

B of A Securities analyst Vivek Arya upgraded Micron Technology (NASDAQ:MU) from Neutral to Buy and increased the price target from $77 to $95, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:09 pm

DRI

Darden Restaurants, Inc. reported a 9.7% increase in total sales to $2.7 billion for Q2 2024, with a 2.8% rise in blended same-restaurant sales. The growth was partly due to the addition of 78 Ruth's Chris Steak House locations and 45 other new restaurants. Olive Garden and LongHorn Steakhouse saw same-restaurant sales growth of 4.1% and 4.9%, respectively, while Fine Dining and Other Business segments experienced declines of 1.7% and 1.1%.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:09 pm

AMD

B of A Securities analyst Vivek Arya has upgraded Advanced Micro Devices (AMD) from Neutral to Buy and set a price target of $165.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:08 pm

TWO

JMP Securities analyst Trevor Cranston has maintained a Market Outperform rating on Two Harbors Investment Corp. (NYSE:TWO) and increased the price target from $12.5 to $15.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 12:08 pm