Streetbeat News

Stock Prices

GLW

Corning (NYSE:GLW) has received mixed analyst ratings in the last quarter, with 3 somewhat bullish and 3 indifferent ratings. The average price target is $38.17, representing an upside from the current price of $28.75. However, this is a 5.52% decrease from the previous average price target of $40.40.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 12:00 pm

NEOG

Neogen Corporation's shares are trading lower following the company's Q1 earnings report, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:58 am

NVO

PEP

PepsiCo's CFO has stated in an interview that the company is not currently seeing any impact on its financials due to weight-loss drugs. The statement was reported by Reuters.

Portfolio Pulse from Charles Gross

October 10, 2023 | 11:54 am

AAPL

QCOM

Huawei Technologies is planning to double its smartphone sales in 2024, aiming to ship 60 to 70 million units, despite potential U.S. restrictions. The company has been stockpiling essential components and urged Qualcomm, its sole U.S. supplier of 4G mobile chips, to fulfill the entire year's order by June. Huawei has also been manufacturing 5G mobile chipsets with China's leading chipmaker, Semiconductor Manufacturing International Co. However, the U.S. is considering expanding its stringent export controls on chipmaking equipment and AI chips, which could pose challenges for Huawei.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 11:54 am

NTST

B of A Securities analyst Joshua Dennerlein has downgraded Netstreit (NYSE:NTST) from Neutral to Underperform and lowered the price target from $20 to $15.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:53 am

PEP

Pepsico's CFO has indicated that there will be some modest level of price increases in the coming year, according to an interview cited by Reuters.

Portfolio Pulse from Charles Gross

October 10, 2023 | 11:50 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid reports of China planning to increase its computing power and considering raising its budget deficit for 2023. Alibaba plans to invest $274 million to aid medium and small-sized merchants during Singles Day. The company is also reintroducing its live-streamed evening gala on Singles Day. Alibaba's president of strategic planning, Chen Long, has resigned, sparking speculations of him starting his own business.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 11:50 am

RIVN

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) rose sharply in premarket trading, reversing some of the recent downward trend. This follows bullish calls from UBS and Needham analysts, despite a recent price target reduction by Wedbush. UBS upgraded Rivian from Neutral to Buy, citing attractive valuation due to recent weakness. Needham reiterated a Buy rating and $31 price target, highlighting Rivian's strong performance and potential for improved future performance.

Portfolio Pulse from Shanthi Rexaline

October 10, 2023 | 11:49 am

GE

General Electric Company (GE) and Harbin Electric (HE) have secured orders for two GE 9HA.02 gas turbines from Chinese State Development & Investment Corp. The turbines will be used in a new combined cycle power plant in the Zhoushan archipelago, China. The plant aims to enhance the power supply capacity and grid peak-shaving capability. The first unit is expected to begin operation by the end of 2025 and is designed to operate on up to 50% hydrogen, offering a future pathway for lower carbon emitting operations.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 11:46 am

O

B of A Securities analyst Joshua Dennerlein has downgraded Realty Income (NYSE:O) from Buy to Neutral and set a price target of $52.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:45 am