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September 2023 saw lower launch sales for big-name video games in Europe, according to Game Sales Data. Electronic Arts' EA Sports FC 24 saw a 10% decline in launch sales compared to FIFA 23. Take-Two Interactive Software's NBA 2K24's sales were down 17% compared to NBA 2K23. Microsoft's Starfield faced a 13% drop in Europe compared to Forza Horizon 5's sales in 2021. Warner Bros. Discovery's Mortal Kombat 1 saw a 39% decline compared to Mortal Kombat 11. Ubisoft Entertainment's The Crew Motorfest saw a 6.5% increase in launch sales compared to The Crew 2.

Portfolio Pulse from Franca Quarneti

October 19, 2023 | 5:13 pm

LRCX

Lam Research Corp (LRCX) reported Q1 earnings of $6.85 per share, beating the consensus estimate of $6.07. The company also reported quarterly sales of $3.48 billion, beating the analyst consensus estimate of $3.41 billion. Despite this, the company's shares fell by 4.51% due to concerns over near-term margin and China demand uncertainties. Analysts from B. Riley Securities, Needham, Raymond James, and Susquehanna provided mixed reviews and price targets ranging from $615 to $800.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 5:11 pm

RADCQ

WBA

Walgreens Boots Alliance Inc (WBA) has agreed to a $192.5 million settlement following allegations of misleading information regarding its 2015 attempt to purchase Rite Aid Corp (RADCQ). The misleading information led to an increase in Rite Aid's stock value, but the withdrawal of the merger in 2017 resulted in significant financial losses for investors. The settlement is expected to bring relief to Rite Aid's investors, especially given the company's recent filing for Chapter 11.

Portfolio Pulse from Shivani Kumaresan

October 19, 2023 | 5:05 pm

ZION

Zions Bancorp reported mixed Q3 financial results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 5:05 pm

ELV

Over the past three months, five analysts have published somewhat bullish opinions on Elevance Health (NYSE:ELV) stock, with an average price target of $570.2, representing an upside from the current price of $466.505. This average price target is a 0.55% decrease from the previous average price target of $573.33.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:00 pm

SPR

Spirit AeroSystems Hldgs (NYSE:SPR) has received mixed analyst ratings in the last quarter, with 2 bullish, 2 somewhat bullish, 7 indifferent, and 2 somewhat bearish. The average 12-month price target for the company is $26.77, a 20.23% decrease from the previous average of $33.56.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:00 pm

WEN

Citigroup has maintained its Neutral rating for Wendy's (NASDAQ:WEN) but lowered its price target from $23.00 to $20.00. Wendy's shares are currently trading at $19.30, up 0.99% over the last 24 hours. A move to $20.00 would represent a 3.63% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:00 pm

CHWY

In the last quarter, Chewy (NYSE:CHWY) received various analyst ratings, with the majority being somewhat bullish. Over the past 3 months, 19 analysts have offered 12-month price targets for Chewy, with an average price target of $33.21, a 22.64% decrease from the previous average price target of $42.93.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:00 pm

HUBS

Morgan Stanley has maintained its Overweight rating for HubSpot (NYSE:HUBS) but lowered its price target from $604.00 to $568.00. HubSpot's shares are currently trading up 3.8% at $462.34 per share. A move to $568.00 would account for a 22.85% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:00 pm

MCD

In the last quarter, McDonald's (NYSE:MCD) received 21 analyst ratings, with 4 being bullish, 13 somewhat bullish, and 4 indifferent. The average 12-month price target for McDonald's over the past 3 months is $324.81, an increase of 0.46% from the previous average price target of $323.31.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:00 pm