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EMN

Barclays has maintained its Equal-Weight rating for Eastman Chemical (NYSE:EMN) but lowered its price target from $90.00 to $85.00. Eastman Chemical's shares are currently trading at $74.17, and a move to $85.00 would represent a 14.6% increase.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:00 pm

LEA

Citigroup has maintained its Neutral rating for Lear Corporation (NYSE:LEA) but lowered its price target from $158.00 to $152.00. The current share price of Lear is $136.76, and a move to $152.00 would represent an 11.14% increase. Lear is a company that designs, develops, and manufactures automotive seating and electrical systems and components.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:00 pm

VIRT

In the last quarter, Virtu Finl (NASDAQ:VIRT) received 1 bullish, 1 somewhat bullish, and 4 indifferent analyst ratings. The average 12-month price target for the stock is $20.67, a 2.5% decrease from the previous average of $21.20.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:00 pm

BACHY

CSUAY

FXI

GGDVF

HKBF

HYSNY

PCCW

Despite the overall decline in Chinese stocks, six companies listed on US exchanges are currently offering dividends over 10%. These include Telco HKBN Ltd. (OTC:HKBF), China Shenhua Energy Company Limited (OTC:CSUAY), Guangdong Investment Limited (OTC:GGDVF), PCCW Limited (OTC:PCCW), Hysan Development Company Limited (OTC:HYSNY), and Bank of China Limited (OTC:BACHY). The iShares China Large Cap ETF (NYSE:FXI) is down 8% in 2023.

Portfolio Pulse from Daniel Harrison

October 11, 2023 | 4:57 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for total petroleum consumption in the U.S., now expecting it to rise by 100,000 barrels/day to 20.2 million barrels/day in 2024, down from a previous forecast of a 200,000 barrels/day increase. Additionally, OPEC+ members are expected to decrease crude oil output by 300,000 barrels/day in 2024 compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:55 pm

PRM

Premier Solutions' shares are trading lower following a downgrade by UBS from Buy to Neutral. UBS also lowered its price target for the stock from $7 to $4.25.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:54 pm

GOOG

GOOGL

DeepMind Technologies, an AI research entity under Alphabet Inc, has reported a 39% reduction in employee-related expenses, coinciding with Alphabet's struggle with declining stock value. The cost-cutting measures included closing its research lab in Edmonton, Canada. Despite a 21% dip in revenue, Google has reaffirmed its commitment to back DeepMind financially for at least another year.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 4:49 pm

ETNB

RBC Capital has maintained an Outperform rating on 89bio but lowered its price target from $34 to $27, causing the shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:48 pm

DIS

Walt Disney Company (NYSE:DIS) is reportedly increasing ticket prices at its Disneyland resort by up to 9% and annual pass prices at Walt Disney World by up to 10%. The company has refrained from increasing daily entry fees in Florida due to subdued attendance in the recent quarter. The price of other amenities and offerings, such as the Enchant annual pass and the Genie+ service, are also rising. Last month, Disney announced plans to invest $60 billion in its parks division over the next decade.

Portfolio Pulse from Shivani Kumaresan

October 11, 2023 | 4:47 pm

ORCL

A significant number of investors have taken a bearish stance on Oracle (NYSE:ORCL), with 57% of detected trades being bearish and 42% bullish. The total amount for puts is $467,527 and for calls is $523,700. Whales have been targeting a price range from $100.0 to $110.0 for Oracle over the last 3 months. The current price of ORCL is $109.51, up 0.18%. Several financial institutions have maintained or downgraded their ratings on Oracle, with price targets ranging from $130 to $150.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:46 pm