Streetbeat News

Stock Prices

IONS

Needham analyst Joseph Stringer has reiterated a Buy rating on Ionis Pharmaceuticals (NASDAQ:IONS) and maintained a $60 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:52 am

NOC

Northrop Grumman Corp (NYSE:NOC) is in advanced talks to produce 120mm tank ammunition in Poland, aiming to expand its European defense production capacity. CEO Kathy J. Warden is seeking the right industrial partners and contract structures. The state-owned PGZ armaments group's Mesko is finalizing negotiations for an offset agreement related to Poland's Abrams tanks purchase, which includes production of ammunition for Bushmaster guns. Northrop Grumman reported a 9% sales growth in Q3 FY23, with a backlog of $83.9 billion. NOC shares saw a slight decrease of 0.24% in the last trading session.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 10:46 am

BBWI

Telsey Advisory Group analyst Dana Telsey has maintained an Outperform rating on Bath & Body Works (NYSE:BBWI) but reduced the price target from $52 to $42.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:38 am

DKS

Telsey Advisory Group analyst Joseph Feldman has reiterated an Outperform rating on Dick's Sporting Goods (NYSE:DKS) and maintained a price target of $140.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:35 am

ROST

Telsey Advisory Group analyst Dana Telsey has maintained a 'Market Perform' rating on Ross Stores (NASDAQ:ROST) and increased the price target from $130 to $135.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:33 am

BBY

Telsey Advisory Group analyst Joseph Feldman has maintained a 'Market Perform' rating on Best Buy Co (NYSE:BBY) but lowered the price target from $85 to $80.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:30 am

GPS

Telsey Advisory Group analyst Dana Telsey has maintained a 'Market Perform' rating on Gap Inc. (NYSE:GPS) and increased the price target from $11 to $17.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:23 am

VLVLY

Volvo's share value dropped to an all-time low, falling 14% after parent company Zhejiang Geely Holding Group initiated a large share sale. The sale is part of a strategy to improve Volvo's liquidity and foster long-term value growth. Geely's stake in Volvo will decrease from 82% to 78.7% as a result of the sale.

Portfolio Pulse from Benzinga Neuro

November 17, 2023 | 10:17 am

M

Telsey Advisory Group analyst Dana Telsey has maintained a 'Market Perform' rating on Macy's (NYSE:M) and increased the price target from $14 to $15.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 10:15 am

AIRE

AMAT

ATGL

BABA

BIDU

CHPT

JD

ZTO

ChargePoint Holdings, Inc. (NYSE:CHPT) reported preliminary Q3 revenue of $108 million to $113 million, significantly below the expected $150 million to $165 million, and anticipates a non-cash impairment charge of $42 million, leading to a negative GAAP gross margin of 21% to 23%. The company also announced a CEO transition, appointing Rick Wilmer as the new president and CEO. ChargePoint shares dropped 24.3% in pre-market trading. Other stocks such as ATGL, AMAT, AIRE, ZTO, BABA, JD, and BIDU also experienced pre-market losses following various financial results and market movements.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 10:13 am