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RTX

RTX Corp (NYSE:RTX) has appointed Phil Jasper as the President of its Raytheon subsidiary. Jasper, succeeding Wesley D. Kremer who will retire at the end of Q1 2024, will report to RTX's President and COO Christopher T. Calio. Jasper previously led Collins Aerospace's Mission Systems and has been instrumental in integrating RTX's connected battlespace solutions. Additionally, Troy Brunk, Heather Robertson, and Nathan Boelkins have been named to leadership roles within Collins Aerospace. RTX shares closed slightly lower at $85.41.

Portfolio Pulse from Shivani Kumaresan

January 05, 2024 | 11:36 am

HUT

Hut 8 Corp reported that as of December 2023, it has produced a total of 453 Bitcoin. The company also stated that it holds a total of 9,195 Bitcoin on its balance sheet, highlighting that it possesses one of the largest self-mined Bitcoin reserves among publicly traded companies.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:36 am

PAYC

Jefferies analyst Samad Samana has downgraded Paycom Software (NYSE:PAYC) from Buy to Hold and set a price target of $195.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:32 am

FHB

Wells Fargo analyst Jared Shaw has downgraded First Hawaiian (NASDAQ:FHB) from Equal-Weight to Underweight and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:30 am

OZK

WFC

Wells Fargo analyst Jared Shaw has downgraded Bank OZK from Equal-Weight to Underweight and set a price target of $41. The downgrade suggests a bearish outlook on the bank's stock by Wells Fargo.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:29 am

LQDA

Needham analyst Serge Belanger has maintained a Buy rating on Liquidia (NASDAQ:LQDA) and increased the price target from $18 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:25 am

MAN

Exane BNP Paribas analyst Andrew Grobler downgraded ManpowerGroup (NYSE:MAN) from Outperform to Underperform and set a price target of $70. This suggests a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:25 am

URI

Exane BNP Paribas analyst Tom Burlton downgraded United Rentals (NYSE:URI) from Outperform to Underperform and set a price target of $485.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:21 am

ALLO

APLT

CAAP

CPRX

DYN

FC

MPW

TBPH

VYGR

Franklin Covey Co. (FC) shares dropped 4.1% in pre-market trading despite reporting Q1 earnings and revenue above estimates. The company also reaffirmed its adjusted EBITDA growth outlook for FY 2024. Other stocks experiencing pre-market losses include Applied Therapeutics (APLT), Theravance Biopharma (TBPH), Voyager Therapeutics (VYGR), Medical Properties Trust (MPW), Catalyst Pharmaceuticals (CPRX), Allogene Therapeutics (ALLO), Dyne Therapeutics (DYN), and Corporación América Airports (CAAP).

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 11:19 am

AAPL

Design mockups of Apple Inc.'s (NASDAQ:AAPL) iPhone 16 Pro and iPhone 16 Pro Max have surfaced online, suggesting an iterative design with a titanium look, subtly curved edges, a new capacitive 'Capture' button, and a Tetraprism camera. The iPhone 16 Pro is expected to have a 6.3-inch display, and the iPhone 16 Pro Max a 6.9-inch display. Despite performance upgrades, Apple's market share in the premium smartphone segment dropped to 71% in 2023 from 75% in 2022. The new iPhones are anticipated to launch in September or October.

Portfolio Pulse from Rounak Jain

January 05, 2024 | 11:18 am