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LLY

NVO

Eli Lilly & Co.'s stock continues to surge due to the potential of its GLP-1 drug Mounjaro, currently used for Type 2 diabetes treatment. The drug is expected to receive FDA approval for obesity treatment by year-end. Fund Manager Gary Black estimates that if Mounjaro captures 30% of the $100 billion GLP-1 market, it could generate $10 billion in revenue for Lilly by 2025. Morgan Stanley analyst Terence Flynn raised his price target for Lilly to $673.

Portfolio Pulse from Shanthi Rexaline

October 12, 2023 | 8:40 am

NTST

Keybanc analyst Todd Thomas has downgraded Netstreit (NYSE:NTST) from Sector Weight to Underweight and set a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:27 am

DA Davidson analyst Gil Luria has upgraded Dynatrace (NYSE:DT) from Neutral to Buy and raised the price target from $50 to $65.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:09 am

NVDA

Analysts at TD Cowen have revised their price target for Nvidia Corporation (NASDAQ:NVDA) to $700 from the previously projected $600, suggesting a potential 50% stock gain. The analysts maintain an Outperform rating on Nvidia, citing the company's superior technology, innovation, and growth-oriented investments as reasons for the optimistic outlook.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 8:06 am

CERE

DAL

DPZ

VSCO

WBA

Walgreens Boots Alliance, Cerevel Therapeutics Holdings, Delta Air Lines, Victoria's Secret & Co., and Domino's Pizza are the stocks to watch heading into Thursday. Walgreens is expected to report quarterly earnings of 69 cents per share on revenue of $34.82 billion. Cerevel Therapeutics has priced its public offering of 19,728,189 shares at $22.81 per share. Delta Air Lines is expected to have earned $1.94 per share on revenue of $14.54 billion. Victoria's Secret has reaffirmed its full-year 2023 guidance and expects an adjusted loss of 70 cents to 90 cents per share for the third quarter. Domino's Pizza is expected to report quarterly earnings of $3.30 per share on revenue of $1.05 billion.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 7:59 am

PXD

XOM

Jim Cramer plans to sell his entire stake in Pioneer Natural Resources (PXD) following its takeover by Exxon Mobil (XOM). The all-stock deal values Pioneer at $59.5 billion, 18% above its closing stock price on Oct. 5. The deal is expected to conclude in the first half of 2024. Cramer's decision is based on his regard for his Charitable Trust's performance. Meanwhile, outgoing CEO of Pioneer plans to retain his Exxon shares, citing the company's impressive dividend.

Portfolio Pulse from Benzinga Neuro

October 12, 2023 | 7:52 am

INFY

Infosys Limited (NYSE:INFY) is set to release its Q2 2024 financial results on Oct. 12, 2023. Analysts predict earnings of 18 cents per share, matching the previous year's earnings, and a slight increase in revenue to $4.61 billion from $4.54 billion. Infosys shares fell 1.3% to close at $17.61 on Wednesday. Recent analyst ratings have varied, with price targets ranging from $13 to $22.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 7:45 am

PLUG

Shares of Plug Power, Inc. (NASDAQ:PLUG) have been underperforming, with CNBC Mad Money host Jim Cramer voicing concerns about the company's financial losses. The company's stock, which once topped $1,500, now trades at around $7. Morgan Stanley analyst Andrew Percoco has given the stock an Equal-Weight rating and a $10 price target, citing negative near-term risk-reward. The company is also facing project delays and is seeking additional financing.

Portfolio Pulse from Shanthi Rexaline

October 12, 2023 | 7:37 am

INGEF

SUI

Sun Communities is planning to divest approximately 41.8 million shares, or about 10.25% stake, in Ingenia Communities. The company expects to generate $100 million in proceeds from this divestiture.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:26 am

DAL

DPZ

WBA

XOM

The CNN Money 'Fear and Greed' index showed easing investor fears, but remained in the 'Fear' zone. U.S. stocks settled higher on Wednesday as investors awaited the release of the consumer price index. Exxon Mobil Corporation's shares fell around 3.6% after it signed an agreement to acquire Pioneer Natural Resources Company. Investors are awaiting earnings results from Walgreens Boots Alliance, Inc., Delta Air Lines, Inc., and Domino's Pizza, Inc.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 7:14 am