Streetbeat News

Stock Prices

STNG

Scorpio Tankers (NYSE:STNG) has received mostly bullish ratings from analysts in the last quarter, with 3 bullish, 1 somewhat bullish, and 1 indifferent. The average 12-month price target for the company is $62.8, a decrease of 12.47% from the previous average of $71.75.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:00 pm

AEP

Morgan Stanley has maintained its Overweight rating for American Electric Power (NASDAQ:AEP) and increased its price target from $95.00 to $97.00. AEP's shares are currently trading up 0.56% at $80.90 per share. A move to $97.00 would represent a 19.9% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:00 pm

RGLS

Regulus Therapeutics (NASDAQ:RGLS) has received 5 bullish analyst ratings in the last quarter. The company's average 12-month price target is $9.6, with a high of $12.00 and a low of $9.00. This average price target has increased by 6.67% over the past month.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:00 pm

BAC

Bank of America Corp (BAC) shares are trading lower by 1.2% amid overall market weakness and concerns about future rate hikes following the recent FOMC statement and lower-than-expected initial jobless claims data. Higher interest rates can lead to higher funding costs for banks, potentially squeezing their net interest income and reducing profitability. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 5:00 pm

BGNE

Citigroup has maintained its Buy rating for BeiGene (NASDAQ:BGNE) and increased its price target from $285.00 to $290.00. Despite this, BeiGene's shares have fallen by 2.84% over the last 24 hours, currently trading at $187.37 per share. A move to $290.00 would represent a 54.77% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:00 pm

ACLS

ADBE

AMD

BILL

DDOG

Tech stocks are trading lower due to overall market weakness following a rise in Treasury yields after the FOMC statement. The lower-than-expected weekly initial jobless claims data could potentially encourage more rate hikes.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:57 pm

KBH

KB Home (NYSE:KBH) reported a decline in sales for its fiscal third quarter, despite beating earnings expectations. Analysts from Wedbush and RBC Capital Markets expressed caution about the company's Q4 margins. Wedbush reduced the price target from $64 to $55, while RBC maintained a price target of $52. KB Home's shares were down 2.83% to $46.74 at the time of publication.

Portfolio Pulse from Priya Nigam

September 21, 2023 | 4:53 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) dropped over 2% on Thursday, in line with the general crypto sector and stock market, following a hawkish statement from the Federal Reserve. The crypto tested the lower trend line of a rising channel pattern as support, which is bullish in the short term but could be bearish later. Bullish traders may buy at the lower trend line and exit at the upper trend line, while bearish traders will watch for a downward break from the lower ascending trend line.

Portfolio Pulse from Melanie Schaffer

September 21, 2023 | 4:47 pm

CCG

Cheche Group, Inc. (NASDAQ:CCG) shares are moving lower on Thursday, continuing the downward trend after recording massive gains on Monday. The stock has been selling off as traders take profits and trading volume decreases. Shares of CCG are now trading at $12.43, near the stock's all-time low of $11.47.

Portfolio Pulse from Erica Kollmann

September 21, 2023 | 4:39 pm

BBD

BCH

HALL

IBN

ITUB

KKR

LPLA

MSCI

RJF

SPGI

Banking and financial stocks are trading lower due to overall market weakness, concerns about future rate hikes following the recent FOMC statement, and lower-than-expected initial jobless claims data.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:36 pm