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VC

Exane BNP Paribas analyst James Picariello has downgraded Visteon (NASDAQ:VC) from Outperform to Neutral and set a price target of $130.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:36 am

LUV

Southwest Airlines has reported that travel demand and yields for Q4 2023 remain healthy. The company now anticipates Q4 unit revenues to be at the higher end of its previously provided guidance range, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:36 am

PLAB

Photronics, Inc. reported its fourth quarter fiscal 2023 results with a revenue of $227.5 million, an 8% increase YoY and a 1% increase sequentially. GAAP net income for shareholders was $44.6 million ($0.72 per diluted share), up from $37.1 million ($0.60 per diluted share) in Q4 2022. Non-GAAP net income was $37.2 million ($0.60 per diluted share), compared to $31.2 million ($0.51 per diluted share) in Q4 2022. IC revenue rose 5% YoY to $164.5 million, and FPD revenue hit a record $63.0 million, a 17% increase YoY. Operating activities generated $106.6 million in cash, with $52.5 million invested in capital expenditures. The cash balance at quarter's end was $499.3 million, with $12.9 million in short-term investments and $24.6 million in debt.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:26 am

RXST

Wells Fargo analyst Larry Biegelsen has upgraded RxSight (NASDAQ:RXST) from Equal-Weight to Overweight and set a price target of $42.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:25 am

HARP

HC Wainwright & Co. analyst Swayampakula Ramakanth has maintained a Buy rating on Harpoon Therapeutics (NASDAQ:HARP) and increased the price target from $7.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:18 am

TWLO

Needham analyst Ryan Koontz has maintained a Buy rating on Twilio (NYSE:TWLO) and increased the price target from $70 to $80.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:14 am

MSCI

Morgan Stanley analyst Toni Kaplan has upgraded MSCI Inc. (NYSE:MSCI) from Equal-Weight to Overweight and increased the price target from $526 to $600.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:12 am

KBH

Barclays analyst Matthew Bouley has maintained an Overweight rating on KB Home (NYSE:KBH) and increased the price target from $57 to $68.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:12 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell over 1% in premarket trading on concerns of missing Q4 delivery targets. The decline was influenced by lower-than-average weekly China insurance registration data and the exclusion of certain Model 3 variants from the $7,500 EV tax credit. Additionally, Tesla issued a recall of over 2 million vehicles over autosteer system concerns. The upcoming Federal Reserve decision may also affect market volatility.

Portfolio Pulse from Shanthi Rexaline

December 13, 2023 | 11:10 am

MHK

Barclays analyst Matthew Bouley upgraded Mohawk Industries (NYSE:MHK) from Underweight to Equal-Weight and increased the price target from $80 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 11:06 am