Streetbeat News

Stock Prices

STLD

Steel Dynamics forecasts its earnings per share (EPS) for Q4 2023 to be between $2.60 and $2.64.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:19 pm

TSCO

B of A Securities analyst Elizabeth Suzuki downgraded Tractor Supply (NASDAQ:TSCO) from Neutral to Underperform and reduced the price target from $207 to $171.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 1:17 pm

FMC

KRO

NEM

Analysts have provided ratings for three high-yield dividend stocks in the materials sector. Kronos Worldwide, Inc. (KRO) has an 8% dividend yield but reported a Q3 net loss. Newmont Corporation (NEM) offers a 3.89% yield but saw a 5% revenue decline in Q3. FMC Corporation (FMC) with a 3.85% yield is reviewing non-core assets for potential sale. Analysts' accuracy rates range from 68% to 79%.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 1:17 pm

EADSY

Airbus SE (OTC:EADSY) is in advanced discussions with Atos to acquire its cybersecurity division BDS, which is part of Eviden. Despite Airbus withdrawing from a previous deal for a stake in Evidian in March, CEO Guillaume Faury remains open to a strategic partnership. Airbus's restructuring in 2024 aims to focus on defense and space, with Christian Scherer leading the planemaking division. Airbus delivered 64 aircraft in November, totaling 623 for the year. Airbus's subsidiary is also developing solar-powered drones for communication services. EADSY shares closed down 1.26% at $38.50.

Portfolio Pulse from Nabaparna Bhattacharya

December 15, 2023 | 1:17 pm

AADI

BRLI

GETR

Getaround, Inc. (NYSE:GETR) shares soared by approximately 86% in pre-market trading after reporting improved third-quarter financial results, with a reduced quarterly loss and increased sales compared to the previous year. Other stocks experienced significant movement in pre-market trading, with a mix of gainers such as Brilliant Acquisition Corporation (NASDAQ:BRLI) and losers like Aadi Bioscience, Inc. (NASDAQ:AADI).

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 1:17 pm

APLS

BLUE

COHR

INTC

LHX

NKE

ROKU

TPX

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

LOCL

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

OLK

TMO

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

ABLV

ASST

CRGE

CTBB

FLNT

HRYU

LVO

MNY

NXTP

SCHL

TGL

TRKA

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

AADI

ALRN

ARQT

CCCC

COCH

HSCS

IONM

NCNA

PTN

RNXT

VRCA

VRPX

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