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NUVL

PFE

Stifel initiated coverage on Nuvalent Inc (NUVL) with a Buy rating and a price target of $65, anticipating Phase 1 cancer drug data. The analysts expect a low Objective Response Rate (ORR) for NVL-655, but see potential for significant responses in patients who have previously undergone lorlatinib treatment. A potential victory against Genetech's Alecensa could translate into annual revenues in the $2-3 billion range for Nuvalent. NUVL shares are up 7.18% at $45.10.

Portfolio Pulse from Vandana Singh

September 27, 2023 | 6:44 pm

CRSP

Mizuho has initiated coverage on CRISPR Therapeutics with a Buy rating and a price target of $82. This has led to an increase in the trading of CRISPR Therapeutics shares.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:42 pm

ACN

BMO Capital Markets analyst Keith Bachman has reiterated the Market Perform rating on Accenture Plc (NYSE:ACN), raising the price target to $360 from $355. Bachman expects Accenture to continue to drive strong revenue growth with steady margin expansion over time. He also sees potential for Accenture to become a leader in AI and generative AI, but notes that this will take time to impact signings and revenues. However, he also highlighted a potential negative impact of generative AI on the supply side, which could create revenue headwinds for Accenture and other IT services companies.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 6:35 pm

SONY

Sony Group (NYSE:SONY) has outperformed the market over the past 10 years, producing an average annual return of 14.43%. If an investor had bought $100 of SONY stock 10 years ago, it would be worth $382.83 today. Sony Group currently has a market capitalization of $101.60 billion.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:30 pm

DEO

Diageo's (NYSE:DEO) short percent of float has fallen 11.54% since its last report, with 1.32 million shares sold short, which is 0.23% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Diageo. Compared to its peers, Diageo has less short interest as a percentage of float, with an average of 4.00%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:30 pm

SCCO

Southern Copper's (NYSE:SCCO) short percent of float has fallen 3.92% since its last report, with 5.84 million shares sold short, which is 6.87% of all regular shares available for trading. It would take traders 6.1 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.84%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:30 pm

IT

Gartner (NYSE:IT) has outperformed the market over the past 20 years, producing an average annual return of 18.53%. If an investor had bought $1000 of IT stock 20 years ago, it would be worth $30,068.97 today.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:30 pm

HON

Honeywell Intl's (NYSE:HON) short percent of float has fallen 3.61% since its last report, with 5.33 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Honeywell. Compared to its peers, Honeywell has less short interest as a percentage of float, with an average of 4.17%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 6:30 pm

KNW

MCLD

MLKN

PIXY

SPRC

STSS

US stocks traded lower with the Dow Jones falling more than 200 points. Energy shares rose by 1.9% while utilities shares fell by 2.1%. Crude oil inventories in the U.S. declined by 2.17 million barrels. ShiftPixy, SciSparc, and MillerKnoll shares rose significantly after various announcements. mCloud Technologies, Sharps Technology, and Know Labs shares dropped significantly due to various reasons.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 6:30 pm

AAPL

AVGO

INTC

META

QCOM

Meta Platforms Inc. has unveiled its latest VR headset, Quest 3, to compete with Apple's Vision Pro. The device, priced at $499, features an upgraded Qualcomm chip and improved screens. However, Meta's stock fell 2.5% following the resignation of Alexis Black Bjorlin, the company's AI chief.

Portfolio Pulse from Piero Cingari

September 27, 2023 | 6:22 pm