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Several top Wall Street analysts have updated their price targets and ratings for various US-listed companies. B of A Securities raised Micron Technology's target from $77 to $95 and upgraded the stock to Buy, causing a 3% rise in shares. Wells Fargo lowered bluebird bio's target from $8 to $5 but maintained an Equal-Weight rating, with shares up 8.6%. Deutsche Bank increased L3Harris Technologies' target from $184 to $240 and upgraded to Buy, despite a 0.7% share drop. B of A Securities also raised Intel's target from $32 to $50 and upgraded to Neutral, with shares up 1.4%. Oppenheimer reduced Apellis Pharmaceuticals' target from $88 to $75 but kept an Outperform rating, after a 17% share drop. MoffettNathanson raised Roku's target from $64 to $66 but downgraded to Sell, with shares up 1.2%. Wells Fargo increased General Electric's target from $115 to $144 and upgraded to Overweight, with a 0.1% share gain. Needham raised Coherent's target from $46 to $52 with a Buy rating, and shares rose 4.4%. Telsey Advisory Group increased NIKE's target from $128 to $140 with an Outperform rating, despite a 0.1% share fall. Lastly, Keybanc raised Tempur Sealy International's target from $48 to $56 with an Overweight rating, leading to a 3.2% share increase.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 1:15 pm

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Local Bounti Corporation announced that Chairman Craig Hurlbert will take over as CEO, effective immediately, replacing Anna Fabrega. The company also revised its FY23 sales forecast to $28 million, which is lower than the estimated $30.57 million. Additionally, the company anticipates saving about $3.2 million annually due to these changes.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:10 pm

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Thermo Fisher Scientific Inc. has extended its tender offer for all outstanding common shares and ADSs of Olink Holding AB at $26.00 per share/ADS, in cash. The offer, now expiring on January 3, 2024, has seen approximately 97.1% of Olink's outstanding shares tendered. The extension does not require action from shareholders who have already tendered their shares. Completion of the offer is subject to conditions outlined in the tender offer statement filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:09 pm

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In Friday's pre-market session, several communication services stocks experienced significant movements. Fluent (FLNT) saw a 30.8% increase, while Troika Media Group (TRKA) dropped by 17%. Scholastic (SCHL) fell by 10.85% following their Q2 earnings report. Other notable gainers include Asset Entities (ASST), NextPlay Technologies (NXTP), Charge Enterprises (CRGE), and Able View Global (ABLV). Losers also included Hanryu Holdings (HRYU), LiveOne (LVO), Treasure Global (TGL), and MoneyHero (MNY).

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:08 pm

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In Friday's pre-market session, several healthcare stocks experienced significant movements. Heart Test Laboratories, Virpax Pharmaceuticals, NuCana, Arcutis Biotherapeutics, Verrica Pharmaceuticals, and C4 Therapeutics saw their stocks rise, with increases ranging from 12.17% to 27.1%. Conversely, Aadi Bioscience, Aileron Therapeutics, Envoy Medical, Palatin Techs, Assure Holdings, and RenovoRx faced declines between 8.18% and 44.3%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:08 pm

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In Friday's pre-market session, several industrial stocks showed significant movement. Getaround (GETR) saw a substantial increase of 135.8% after Q3 earnings release. Xometry (XMTR) and Rocket Lab USA (RKLB) also experienced notable gains. Conversely, Eos Energy Enterprises (EOSE) and Quanex Building Prods (NX) dropped after their earnings reports, alongside other decliners like Baiyu Holdings (BYU) and Westwater Resources (WWR).

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:08 pm

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In Friday's pre-market session, several information technology stocks showed significant movement. Gainers included Near Intelligence (NIR), Canaan (CAN), Auddia (AUUD), Intrusion (INTZ), SPI Energy (SPI), and Phunware (PHUN) with increases ranging from 6.41% to 17.0%. Losers were Oblong (OBLG), FOXO Technologies (FOXO), Castellum (CTM), MKS Instruments (MKSI), Argo Blockchain (ARBK), and Cepton (CPTN), with declines between 4.11% and 8.7%.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 1:07 pm

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Velo3D's CEO Benny Buller has stepped down from his position effective immediately. The company has appointed Brad Kreger as the Interim CEO and has begun the search for a permanent replacement. This sudden leadership change may affect the company's strategic direction and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:04 pm

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Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $619 to $693.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:00 pm

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Binance's listing of Solana's meme coin BONK led to a significant price surge, with an increase of over 1000% within a month. A trader capitalized on this by selling 52.3 billion BONK for approximately $927,000, securing a profit of around $784,000. The trader had initially acquired 69 billion BONK at $0.0000021 per token and staked them from October 30 to November 29. The listing on Binance, along with Coinbase's consideration of BONK for its exploration roadmap and the launch of BONKBot, has contributed to the enthusiasm around the token.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 1:00 pm