Streetbeat News

Stock Prices

WKHS

RF Lafferty analyst Jaime Perez downgraded Workhorse Group (WKHS) from Buy to Hold and set a price target of $1. This reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:53 pm

CGC

Canopy Growth Corp. (CGC) has launched four new cannabis flower products under its 7ACRES and Tweed brands, featuring a range of THC levels and flavors to cater to different tastes. The new offerings include the 7ACRES Holiday Taster Pack with Ultra Jolly Jack and Peppermint Krypt strains, and Tweed's Gorilla Berry and Chemsicle strains. The company aims to enhance festive celebrations with these high-quality flowers. Canopy's stock traded higher by 4.5523% at $0.5558 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

November 15, 2023 | 4:52 pm

DNA

Raymond James analyst Rahul Sarugaser has downgraded Ginkgo Bioworks Holdings (NYSE:DNA) from Outperform to Market Perform and set a price target of $2.5.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:51 pm

ROMJF

Rubicon Organics Inc. (OTCQX:ROMJF) reported a 5% YoY revenue increase to CA$10 million in Q3 2023, despite a challenging Canadian cannabis market. The company saw a sixth consecutive quarter of adjusted EBITDA profitability at CA$1.1 million, though this was a decrease from the previous year. Gross profit and income from operations were down compared to last year, but the company achieved positive operating cash flow and increased its cash balance. ROMJF shares dropped 23.33% to $0.345 per share following the report.

Portfolio Pulse from Jelena Martinovic

November 15, 2023 | 4:48 pm

TNL

Truist Securities analyst Patrick Scholes has maintained a Buy rating on Travel+Leisure (NYSE:TNL) but reduced the price target from $66 to $59.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:45 pm

BBDO

Bank Bradesco Inc. (NYSE:BBDO) stock dropped 6.46% to $2.75 in the current session, but has seen increases of 17.48% over the past month and 18.44% over the past year. The company's P/E ratio is lower than the Banks industry average, which could indicate undervaluation or weaker growth prospects. Investors should use the P/E ratio cautiously and consider it alongside other financial metrics and industry trends.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 4:45 pm

VAC

Truist Securities analyst Patrick Scholes has maintained a Buy rating on Marriott Vacations (NYSE:VAC) but has reduced the price target from $187 to $149.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:40 pm

ARKK

COIN

Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M in a bull case scenario. She remains bullish despite the FTX bankruptcy, highlighting Bitcoin's decentralized nature. Wood also suggests a spot Bitcoin ETF could boost Bitcoin's price by simplifying investment access. Ark's top holding in ARKK is Coinbase, which faces an SEC lawsuit. Wood is confident Coinbase would appeal any negative ruling to the Supreme Court. Bitcoin is up 119% YTD.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 4:38 pm

BBY

CROX

RH

SIG

W

Retail and e-commerce stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to the sector's earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:35 pm

BIG

JWN

KSS

TGT

Retail company stocks are up following Target's robust Q3 financial performance, indicating a positive market reaction to the sector's earnings.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:31 pm