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Stock Prices

ARRY

Barclays analyst Christine Cho downgraded Array Technologies (ARRY) from Overweight to Equal-Weight and reduced the price target from $22 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:45 am

EPR

JMP Securities analyst Mitch Germain has downgraded EPR Properties (NYSE:EPR), a real estate investment trust, from Market Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:43 am

SEDG

SolarEdge Technologies Inc (NASDAQ:SEDG) shares rose in premarket trading after announcing a 16% workforce reduction to decrease operating expenses and realign with market conditions. The cuts will impact approximately 900 employees, including 500 from manufacturing sites. The company has also ceased manufacturing in Mexico, reduced capacity in China, and ended its light commercial vehicle e-mobility activity. CEO Zvi Lando expressed confidence in the solar market's growth and the company's position. Further details are expected in the earnings release by the end of February 2024. In Q3, SolarEdge's revenue fell 27% Y/Y, missing estimates, and reported a loss per share compared to earnings last year. SEDG shares are up 6.50% at $73.60 in premarket trading.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 10:40 am

PLYM

JMP Securities analyst Mitch Germain upgraded Plymouth Industrial REIT (NYSE:PLYM) from Market Perform to Market Outperform and set a price target of $27.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:36 am

ADC

JMP Securities analyst Mitch Germain upgraded Agree Realty (NYSE:ADC) from Market Perform to Market Outperform and set a price target of $71.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:32 am

CHRS

NVS

Coherus BioSciences, Inc. (NASDAQ:CHRS) has agreed to sell its CIMERLI ophthalmology franchise to Sandoz, a unit of Novartis (NYSE:NVS), for $170 million in cash. The deal includes the CIMERLI biologics license application, sales and reimbursement teams, product inventory, and commercial software.

Portfolio Pulse from Charles Gross

January 22, 2024 | 10:29 am

DDOG

Citigroup analyst Fatima Boolani has reaffirmed a Buy rating on Datadog (NASDAQ:DDOG) and increased the price target from $125 to $150, signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:25 am

NSC

Bernstein analyst David Vernon upgraded Norfolk Southern (NYSE:NSC) from Market Perform to Outperform and set a price target of $272.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:22 am

UNP

Bernstein analyst David Vernon upgraded Union Pacific (NYSE:UNP) from Market Perform to Outperform and set a price target of $280.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:20 am

TEAM

Citigroup analyst Fatima Boolani has reaffirmed a Buy rating on Atlassian (NASDAQ:TEAM) and increased the price target from $215 to $280, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:17 am