Streetbeat News

Stock Prices

REPL

Barclays has maintained its Overweight rating on Replimune Group (NASDAQ:REPL) but reduced its price target from $50.00 to $13.00. Replimune's shares are currently trading at $6.77, and the new price target suggests a potential upside of 92.02%. Replimune is a clinical-stage biotech company focused on developing oncolytic immunotherapies for cancer treatment using its proprietary RPx platform.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

AZO

Raymond James has upgraded AutoZone (NYSE:AZO) to Strong Buy, raising the price target from $2850.00 to $3100.00. AutoZone's shares are currently trading at $2674.98, and the new price target suggests a potential upside of 15.89%. AutoZone is a leading seller of aftermarket automotive parts in the U.S., with a growing presence in Mexico and Brazil.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

FHN

Wells Fargo has maintained its Equal-Weight rating on First Horizon (NYSE:FHN) and increased its price target from $11.50 to $14.00. First Horizon's shares have risen 0.66% to $13.67, and the new target suggests a 2.42% upside. First Horizon, a regional bank with a strong presence in Tennessee, derives most of its revenue from banking operations and has a significant market share in deposits.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:00 pm

OPTN

OptiNose shares dropped following the announcement that the FDA has extended the review period for the supplemental new drug application of XHANCE by three months.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:57 pm

SIG

Signet Jewelers' stock (SIG) is trading higher following an upgrade from Citigroup from Neutral to Buy and an increase in price target from $93 to $119. The upgrade comes after Signet's positive Q3 financial results, which also led other firms to raise their price targets.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:56 pm

BP

CVX

HES

PXD

SHEL

TTE

XOM

Oil and gas M&A activity is expected to continue into 2024, with Exxon Mobil (XOM) and Chevron (CVX) having made significant acquisitions in 2023. Exxon acquired Pioneer Natural Resources (PXD) for $60 billion, and Chevron bought Hess (HES) for $53 billion. These deals reflect a belief in the long-term demand for fossil fuels. European majors like BP (BP) and TotalEnergies (TTE) have focused on green energy but may increase activity in fossil fuels. BP is considering spinning off its BPX segment, and Shell (SHEL) is expected to focus on Canadian gas to support its LNG business. U.S. upstream M&A has totaled $181 billion, surpassing the five-year average.

Portfolio Pulse from Neil Dennis

December 06, 2023 | 4:53 pm

RENT

Rent The Runway's stock price fell following the release of their Q3 revenue results, which were below expectations, and a reduced FY23 revenue guidance. Additionally, Barclays cut its price target for Rent The Runway from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:51 pm

CAMT

Camtek's stock is trading higher after B. Riley Securities upgraded the stock from Neutral to Buy and increased the price target from $70 to $75.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:50 pm

JNVR

Janover (NYSE:JNVR) has seen a decrease in short interest, with the short percent of float dropping 8.72% since the last report. The company has 72 thousand shares sold short, representing 1.78% of available shares for trading. The current short interest suggests it would take about 4.91 days for traders to cover their short positions. While a decline in short interest can indicate a more bullish sentiment towards the stock, it does not necessarily predict a near-term price rise. Janover's short interest is below its peer group average of 3.59%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:45 pm

RXRX

Recursion Pharmaceuticals (NYSE:RXRX) has seen a 7.4% increase in short interest since the last report, with 35.50 million shares shorted, representing 25.83% of its float. The short interest is higher than the peer group average of 13.79%. High short interest can indicate bearish market sentiment but can also be bullish if it leads to a short squeeze.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:45 pm