Streetbeat News

Stock Prices

RF

Keefe, Bruyette & Woods analyst David Konrad has maintained a 'Market Perform' rating on Regions Financial Corporation (NYSE:RF) and increased the price target from $20 to $21.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:21 pm

RF

Keefe, Bruyette & Woods analyst David Konrad has maintained a 'Market Perform' rating on Regions Financial Corporation (NYSE:RF) and increased the price target from $20 to $21.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:21 pm

EKSO

HC Wainwright & Co. analyst Swayampakula Ramakanth has reaffirmed a Buy rating on Ekso Bionics Holdings (NASDAQ:EKSO) and increased the price target from $9 to $10.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:17 pm

BETZ

CHAT

MAGS

METV

YBTC

Roundhill Investments has launched the Roundhill Bitcoin Covered Call Strategy ETF (YBTC), the first U.S.-listed covered call Bitcoin ETF. YBTC aims to generate monthly income by selling call options on Bitcoin ETFs, targeting investors seeking a mix of Bitcoin exposure and income without direct investment in the cryptocurrency. Roundhill is known for being first to market with thematic ETFs, and the success of YBTC will depend on its ability to provide regular income and unique exposure to Bitcoin. Roundhill's other ETFs include METV, BETZ, CHAT, and MAGS, with QDTE and XDTE in development.

Portfolio Pulse from Chris Katje

January 22, 2024 | 6:15 pm

DIS

NFLX

PARA

Paramount Global (NASDAQ:PARA) is planning to reduce its workforce in February, with layoffs affecting hundreds of employees. While initial estimates suggested 800 job cuts, the actual number is expected to be lower. This follows several rounds of layoffs in the past 14 months. National Amusements, Inc, the majority shareholder, is considering acquisition offers from Apollo Global Management, Skydance Media, and RedBird Capital. Paramount's stock value has decreased significantly since its post-merger peak. The company faces challenges like pay-TV cord-cutting, a weak advertising market, and a loss-making streaming operation. PARA shares are up 2.65% at $13.76.

Portfolio Pulse from Anusuya Lahiri

January 22, 2024 | 6:13 pm

WNS

Barrington Research analyst Vincent Colicchio has maintained an Outperform rating on WNS (Hldgs) (NYSE:WNS) and increased the price target from $65 to $80.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:10 pm

CSX

NSC

UNP

Bernstein analyst David Vernon upgraded Union Pacific Corp (UNP) to Outperform with a $280 price target and Norfolk Southern Corp (NSC) to Outperform with a $272 price target, citing a strong intermodal recovery and a positive outlook for the rail industry in FY24. He expects a seasonal uptick in freight demand and a recovery in the Merchandise/Industrial business. Vernon also reiterated a Market-Perform rating on CSX Corp (CSX) with a raised price target of $36, due to a sluggish outlook for FY24 and volatile earnings from met coal.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 6:09 pm

COMM

CommScope Holding Company, Inc. (NASDAQ:COMM) shares fell by approximately 7% after B of A Securities analyst Tal Liani downgraded the stock from Neutral to Underperform and lowered the price target from $2.1 to $2. The article also lists other stocks that moved in Monday's mid-day session, including gainers such as Sagimet Biosciences Inc. (NASDAQ:SGMT) and losers like Virios Therapeutics, Inc. (NASDAQ:VIRI).

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 6:08 pm

TLPH

HC Wainwright & Co. analyst Ed Arce has reaffirmed a Buy rating on Talphera (NASDAQ:TLPH) and increased the price target from $5 to $6. This adjustment reflects a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:06 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has delivered an impressive average annual return of 30.63% over the past 10 years, significantly outperforming the market. An initial investment of $1000 in ENPH a decade ago would be worth $14,631.65 today. The company currently holds a market capitalization of $14.64 billion.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 6:01 pm