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Stock Prices

SILK

Citigroup analyst Joanne Wuensch has downgraded Silk Road Medical (NASDAQ:SILK) from Buy to Sell and lowered the price target from $35 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:09 am

SHCR

John Chadwick, on behalf of Claritas Capital, has submitted a preliminary non-binding proposal to the board for the acquisition of all Sharecare shares not owned by reporting persons. The proposed price range is $1.35 to $1.80 per share in cash.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:09 am

PRM

UBS analyst Joshua Spector has downgraded Perimeter Solutions (NYSE:PRM) from Buy to Neutral and lowered the price target from $7 to $4.25.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:07 am

DVA

ETWO

FMS

SILK

Several stocks recorded losses in Wednesday's pre-market trading session. Silk Road Medical's shares fell 38.5% after announcing Q3 revenue results and FY23 revenue guidance below estimates. Fresenius Medical Care, DaVita, and E2open Parent Holdings also saw significant drops in share prices. Hyliion Holdings' shares declined after announcing a strategic review of alternatives for its Electric Powertrain Business. Baxter International, Polestar Automotive, Hut 8 Mining Corp., and Northern Oil and Gas also experienced declines.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 10:00 am

TTWO

Raymond James analyst Andrew Marok has upgraded Take-Two Interactive (NASDAQ:TTWO) from Market Perform to Outperform and announced a price target of $170.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:47 am

RTX

UBS analyst Gavin Parsons has downgraded Raytheon Technologies Corporation (RTX) from Buy to Neutral and lowered the price target from $110 to $80.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:25 am

MRVL

NVDA

QRVO

SWKS

Citi analysts have downgraded Skyworks Solutions Inc. (NASDAQ:SWKS) and Qorvo, Inc. (NASDAQ:QRVO) to Sell from Neutral due to increased competition from China. The analysts have also reduced their price targets for these stocks. However, they maintain a positive stance on Nvidia Corporation (NASDAQ:NVDA) and Marvell Technology, Inc. (NASDAQ:MRVL), rating them as Buy.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 9:15 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is set to release its Q3 earnings report amidst concerns of price reductions and sluggish vehicle sales. Analysts predict a decrease in earnings per share and a potential drop in auto gross margins. The company's stock has faced a downward trend following earnings releases over recent quarters. The management's commentary during the earnings call, particularly on the future of auto gross margins, will be crucial.

Portfolio Pulse from Shanthi Rexaline

October 11, 2023 | 8:52 am

SPY

Federal Reserve Governor Michelle Bowman has indicated that the U.S. policy rate may need to rise further. This could potentially impact the broader market, including ETFs like SPY.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:48 am

HIMX

Himax Technologies, Inc. (NASDAQ:HIMX) has started mass production of its LTDI automotive display solution, HX83180 series, for leading vendors' latest NEV models. The LTDI design is suitable for NEVs, known for their stylish smart cabins that feature large-sized display, panoramic view, free-form, curved design and in-cell touch functions. The company has received numerous inquiries regarding its LTDI solution which is now universally adopted by panel makers.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:17 am