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IOT

Spruce Point Capital Management has issued a strong sell research opinion for Samsara Inc (NYSE:IOT), citing substantial long-term downside risk of 45% to 75%. The report highlights concerns about Samsara's reliance on hardware, accounting practices, security vulnerabilities, limited market penetration, and inflated valuation. IOT shares are down 4.16% at $24.17.

Portfolio Pulse from Vandana Singh

September 21, 2023 | 4:08 pm

CZOO

FDX

MURF

NIR

SEEL

SPLK

TVTX

U.S. stocks traded lower with the Dow Jones falling around 150 points. FedEx Corp (FDX) shares gained over 4% after reporting better-than-expected earnings for Q1, despite sales missing estimates. Murphy Canyon Acquisition Corp. (MURF), Near Intelligence, Inc. (NIR), and Splunk Inc. (SPLK) saw significant gains. Travere Therapeutics, Inc. (TVTX), Cazoo Group Ltd (CZOO), and Seelos Therapeutics, Inc. (SEEL) experienced significant drops.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 4:07 pm

IP

PKG

WRK

Truist Securities analyst Michael Roxland has upgraded International Paper Company (NYSE:IP) to Buy from Hold, raising the price target to $43 from $30. The analyst believes the containerboard market is poised for recovery due to improving demand and balanced inventories. IP is preferred over Westrock Company (NYSE:WRK) and Packaging Corporation Of America (NYSE:PKG) due to its greater operating leverage and upside. The analyst also expects IP to benefit from the growth in the Paper Products industry.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 4:05 pm

F

GM

STLA

TM

TSLA

VWAGY

The ongoing strikes by the United Auto Workers union against the Detroit Big Three automakers (General Motors, Ford, and Stellantis) could benefit Tesla and non-union foreign automakers, according to Wedbush analyst Daniel Ives. Ives suggests that the longer the strike continues, the more Tesla could benefit, especially if the new contract includes higher wages for workers. He also sees non-union foreign automakers like Toyota and Volkswagen as potential winners, as they could take market share away from the three Detroit automakers.

Portfolio Pulse from Chris Katje

September 21, 2023 | 4:02 pm

AME

AMETEK (AME) has received mostly bullish ratings from analysts in the last quarter, with an average 12-month price target of $177.75, a high of $195.00, and a low of $162.00. The average price target has increased by 6.55% over the past month.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:00 pm

OGS

In the last quarter, five analysts have given indifferent ratings to ONE Gas (NYSE:OGS), with an average price target of $73.8, slightly below the current price of $73.82. This represents a 1.34% decrease from the previous average price target of $74.80.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:00 pm

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) has received a mix of bullish and indifferent ratings from analysts in the last quarter. The company has an average 12-month price target of $901.36, which has increased by 3.11% over the past month.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:00 pm

SR

In the last quarter, Spire (NYSE:SR) received indifferent ratings from 5 analysts. The company's average 12-month price target is $69.2, a decrease of 1.98% from the previous average price target of $70.60.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:00 pm

LIFE

Over the past 3 months, 4 analysts have published their opinion on aTyr Pharma (NASDAQ:LIFE) stock, with 3 being bullish, 1 somewhat bullish, and none bearish. The company has an average price target of $31.25, which has increased by 140.38% over the past month.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:00 pm

NSA

National Storage (NYSE:NSA) has received five indifferent and one somewhat bearish analyst ratings in the last quarter. The average 12-month price target for the company is $35.67, representing a 13.69% decrease from the previous average price target of $41.33.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:00 pm