Streetbeat News

Stock Prices

CAG

K

PM

The article discusses the appeal of high-yielding dividend stocks in the consumer staples sector during market uncertainty. It highlights three stocks with recent analyst ratings and price target adjustments: Philip Morris International Inc. (PM), Conagra Brands, Inc. (CAG), and Kellanova (K). The analysts mentioned have high accuracy rates and have provided ratings and revised price targets for these companies, which have also reported their latest financial results.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 1:01 pm

FMC

Over the past 3 months, 16 Wall Street analysts have published their ratings on FMC Corporation (NYSE:FMC), with an average price target of $78.44, which is significantly higher than the current price of $54.72. The consensus among these analysts is leaning towards a bullish outlook, with 2 bullish, 8 somewhat bullish, and 6 indifferent ratings. No bearish or somewhat bearish ratings were reported. The current average price target represents a decrease of 22.47% from the previous target of $101.17.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 1:00 pm

ABBV

CERE

Cerevel Therapeutics Holdings, Inc. (CERE) shares surged approximately 15% in pre-market trading after AbbVie Inc. (ABBV) announced plans to acquire Cerevel for $8.7 billion, or $45 per share in cash. The acquisition is expected to close in mid-2024. Other stocks experienced pre-market movements, with notable gainers including Hempacco Co., Inc. (HPCO), MicroAlgo Inc. (MLGO), and AerSale Corporation (ASLE), and significant losers such as ZyVersa Therapeutics, Inc. (ZVSA), Red Cat Holdings, Inc. (RCAT), and Chewy, Inc. (CHWY).

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 12:59 pm

HOFT

Hooker Furnishings Corp (NASDAQ:HOFT) reported Q3 FY24 sales of $116.83 million, a 22.9% decrease Y/Y but slightly above analyst estimates. EPS was $0.65, surpassing the $0.26 consensus. Despite the housing market slowdown, the company saw gross margin expansion and declared a quarterly dividend increase of 4.5%. Shares closed lower by 1.08% at $20.09.

Portfolio Pulse from Shivani Kumaresan

December 07, 2023 | 12:58 pm

AZO

Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on AutoZone (NYSE:AZO) and increased the price target from $2750 to $2900.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:55 pm

GBLI

Trading in shares of Global Indemnity Group (GBLI) has been halted pending the release of news.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:52 pm

IESC

IES Holdings (IESC) reported a significant increase in Q4 adjusted EPS to $1.74, up 83.16% from $0.95 YoY. Sales also rose to $649.00M, a 5.19% increase from $617.00M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:46 pm

CXM

JMP Securities analyst Patrick Walravens has maintained a Market Outperform rating on Sprinklr (NYSE:CXM) but has reduced the price target from $24 to $22.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:46 pm

CHWY

JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on Chewy (NYSE:CHWY) but has reduced the price target from $43 to $28.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 12:42 pm

GOOG

GOOGL

META

MSFT

Alphabet Inc.'s Google has announced Gemini, an AI model to compete with OpenAI's ChatGPT. Meanwhile, TikTok's parent company ByteDance is set to release a language model claimed to be more powerful than Gemini. Google's Gemini has outperformed GPT-4 and other models in benchmarks, but its Ultra version won't be available until 2024. ByteDance's upcoming model could intensify the AI competition.

Portfolio Pulse from Rounak Jain

December 07, 2023 | 12:42 pm