Streetbeat News

Stock Prices

AVB

Evercore ISI Group analyst Steve Sakwa has maintained an Outperform rating on AvalonBay Communities (NYSE:AVB) and increased the price target from $183 to $188.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:33 pm

GFL

GFL Environmental has announced the pricing of a $1 billion upsized private offering of 6.750% senior secured notes due 2031, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:26 pm

SNOW

Raymond James analyst Simon Leopold has maintained an Outperform rating on Snowflake (NYSE:SNOW) and increased the price target from $170 to $190.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:26 pm

CRM

Raymond James analyst Brian Peterson has reaffirmed a Strong Buy rating on Salesforce (NYSE:CRM) and increased the price target from $280 to $300.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:17 pm

ABBV

AbbVie's stock is trading higher following the announcement of its acquisition of ImmunoGen for $10.1 billion, gaining access to the cancer therapy ELAHERE.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:17 pm

DHI

LEN

XHB

Mortgage rates in the U.S. have fallen for the fifth consecutive week, with the average rate for a 30-year loan dropping to 7.22%. Despite this decline, rates remain near their 23-year peak. The decrease in rates has led to a rise in purchase application activity, suggesting a potential modest rebound in home sales. Home sales have been under pressure due to high borrowing costs and record-high house prices with limited supply. Homebuilder stocks like DR Horton and Lennar Corporation have seen significant gains this year, and the SPDR Homebuilders ETF has also performed well. The future for homebuilders in 2024 may hinge on the balance between lower mortgage rates and an increase in existing home supply.

Portfolio Pulse from Neil Dennis

November 30, 2023 | 8:15 pm

PSTG

Raymond James analyst Simon Leopold has maintained a Strong Buy rating on Pure Storage (NYSE:PSTG) but reduced the price target from $45 to $42.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:13 pm

PSX

Phillips 66 (PSX) stock is trading higher following confirmation of ongoing discussions with Elliot Investment Management, which recently disclosed a $1 billion stake in PSX and intentions to seek board seats.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:10 pm

CRM

Stifel analyst Parker Lane has reaffirmed a Buy rating on Salesforce (NYSE:CRM) and increased the price target from $275 to $300, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:05 pm

PR

Stifel analyst Derrick Whitfield has maintained a Buy rating on Permian Resources (NYSE:PR) but has reduced the price target from $20 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 8:02 pm