Streetbeat News

Stock Prices

CRSP

JMP Securities analyst Silvan Tuerkcan has maintained a Market Outperform rating on CRISPR Therapeutics (NASDAQ:CRSP) and increased the price target from $74 to $80.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:29 am

EQR

Mizuho analyst Haendel St. Juste has downgraded Equity Residential (EQR) from Buy to Neutral and reduced the price target from $62 to $58.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:23 am

AAPL

Wedbush analyst Daniel Ives has raised the price target for Apple Inc. (NASDAQ:AAPL) from $240 to $250 and maintains an Outperform rating. Ives predicts Apple will reach a $4 trillion valuation by the end of 2024, driven by strong iPhone sales and a shift in production from China to India. He anticipates a robust holiday season and a renaissance of growth for the company.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 11:21 am

DPZ

Piper Sandler analyst Brian Mullan has downgraded Domino's Pizza (NYSE:DPZ) from Overweight to Neutral and reduced the price target from $401 to $400.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:20 am

JCI

Johnson Controls International plc (NYSE:JCI) is expected to report increased earnings for Q4 fiscal 2023, with estimates of $1.09 per share compared to $0.99 in the previous year. Revenue is also anticipated to rise to $7.09 billion from $6.72 billion. The company has declared a quarterly dividend of $0.37 per share. JCI's stock closed up 1.1% on Friday. Analysts from UBS, Citigroup, Morgan Stanley, RBC Capital, and Barclays have provided ratings and adjusted price targets for JCI, with varying degrees of accuracy.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 11:10 am

BLUE

HUM

JWN

KSS

MOR

NAAS

OTLY

PINS

SNAP

Cigna Group (CI) shares rose by 11.6% in pre-market trading after calling off its proposed merger with Humana Inc. (HUM), which was estimated to be worth $140 billion. Macy's (M) shares also jumped 19.1% due to a $5.8 billion acquisition bid. Other stocks such as NaaS Technology (NAAS), bluebird bio (BLUE), Oatly Group (OTLY), Kohl's Corporation (KSS), Nordstrom (JWN), Snap (SNAP), and MorphoSys AG (MOR) saw gains in pre-market trading. Pinterest (PINS) and Humana (HUM) also recorded increases.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 11:07 am

GIL

Gildan Activewear announced that Glenn J. Chamandy has departed from his roles as President, CEO, and Director. Vince Tyra has been appointed as the new President and CEO, effective February 12, 2024. Craig A. Leavitt will act as Interim President and CEO until Tyra takes over.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:04 am

AFMD

Affimed has released updated data on its lead product, Acimtamig, which is being used in combination with allogeneic NK cells to treat Hodgkin Lymphoma patients who have not responded to prior chemotherapy and are double-refractory to Brentuximab Vedotin and checkpoint inhibitors. This update is significant for patients with limited treatment options and could impact Affimed's stock as it reflects progress in their lead product's clinical development.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:02 am

DHR

VLTO

Sen. Sheldon Whitehouse disclosed stock trades of Veralto Corporation (VLTO), raising insider trading suspicions due to his position on the Senate Committee on Environment. He sold shares in three tranches on Nov. 29, totaling $3.34 million. Veralto, a pollution treatment company, was spun off from Danaher Corp. (DHR) in late September. The stock has since risen about 1.6%. Whitehouse previously sold stocks before the 2008 financial crisis but faced no charges.

Portfolio Pulse from Shanthi Rexaline

December 11, 2023 | 10:30 am

FXI

NVDA

SPY

TCEHY

Chinese companies, including Tencent, are promoting their AI chips as alternatives to Nvidia's products in response to U.S. export restrictions. These restrictions have limited China's access to Nvidia's advanced chips, prompting local firms to accelerate their own AI chip development. Sources familiar with the matter have indicated that these companies are seizing the opportunity to fill the gap left by Nvidia in the Chinese market.

Portfolio Pulse from Charles Gross

December 11, 2023 | 10:28 am