Streetbeat News

Stock Prices

SKWD

Raymond James analyst C. Gregory Peters has reaffirmed a Strong Buy rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $30 to $36.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:23 pm

GGB

B of A Securities analyst Caio Ribeiro downgraded Gerdau (NYSE:GGB) from Buy to Neutral and reduced the price target from $5.6 to $5.1.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:15 pm

Boeing's stock (BA) has seen an increase in its trading price following an upgrade from Deutsche Bank, which changed its recommendation from Hold to Buy.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:12 pm

AAP

GDRX

KLIC

META

NVDA

Wall Street analysts with high accuracy rates have made recent stock picks with varying price targets. Stifel's Mark Kelley sees a 21% surge in Meta Platforms (META), while Wells Fargo's Zachary Fadem predicts an 18% upside for Advance Auto Parts (AAP) despite a recent loss. JP Morgan's Doug Anmuth maintains a Neutral rating on GoodRx (GDRX) with an 11% upside, and Wedbush's Matt Bryson reiterates an Outperform rating on NVIDIA (NVDA) with a 22% upside. B. Riley Securities' Craig Ellis maintains a Neutral rating on Kulicke and Soffa (KLIC) with an 11% upside after strong earnings.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 12:12 pm

MSFT

Microsoft's stock is trading higher following the announcement that CEO Satya Nadella has appointed Sam Altman and Greg Brockman to lead a new advanced AI research team.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:11 pm

HIVE

HC Wainwright & Co. analyst Mike Colonnese downgraded HIVE Digital Technologies (NASDAQ:HIVE) from Buy to Neutral and reduced the price target from $7 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:11 pm

FREY

LICY

NOTE

The article highlights three oversold industrial stocks with RSI values near or below 30, suggesting potential for short-term growth. Li-Cycle Holdings Corp. (LICY) is exploring strategic alternatives and conserving cash. FREYR Battery (FREY) reported a narrower quarterly loss and is focusing on financial strength. FiscalNote Holdings, Inc. (NOTE) achieved Adjusted EBITDA profitability ahead of schedule but reported worse-than-expected revenue.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 12:11 pm

ARM

BABA

SFTBF

SFTBY

Moody's has upgraded SoftBank Group Corp's outlook to stable from negative, affirming its Ba3 Corporate Family rating. The upgrade reflects improved credit fundamentals due to lower leverage and increased transparency after the IPO of Arm Holdings Plc. SoftBank's market value-based leverage improved, and the share of listed assets, including Arm, SoftBank Corp, and Alibaba Group, in its portfolio has risen above 60%. Despite this, SoftBank Group criticized Moody's for maintaining an unsolicited rating. ARM's stock saw a 1.02% increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 12:09 pm

SSRM

B of A Securities analyst Michael Jalonen has downgraded SSR Mining (NASDAQ:SSRM) from Buy to Underperform and reduced the price target from $17 to $12.5.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:08 pm

BMY

TSVT

The FDA's Oncologic Drugs Advisory Committee (ODAC) is set to review a supplemental marketing application for Abecma, a therapy developed by Bristol Myers Squibb and 2Seventy Bio, for use in earlier lines of treatment for triple-class exposed relapsed or refractory multiple myeloma. The exact date for the ODAC meeting is not confirmed, and the FDA has indicated that a decision on the application will not be reached by the original PDUFA target date of December 16, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:06 pm