Streetbeat News

Stock Prices

BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) provided guidance on anticipated milestones for 2024, including the phase 1 study of BT-600, part of the NaviCap platform, aimed at treating ulcerative colitis (UC). The company expects initial phase 1 data in 2-3 months, with a potential phase 1B study in UC patients and a 56-day GLP tox study planned for the second half of 2024. Biora also highlighted progress with its BioJet platform, with ongoing preclinical data generation and potential expansion of pharma collaborations. The NaviCap platform is designed for targeted delivery of therapeutics to the GI tract, and the BioJet platform is for oral delivery of large molecules.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:02 pm

APLD

Applied Digital (NASDAQ: APLD) reported Q2 2024 adjusted EPS of $(0.05), missing the $0.01 estimate, and sales of $42.20M, falling short of the $57.31M estimate. Despite the miss, sales grew 241.98% from $12.34M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:02 pm

CSX

Raymond James analyst Patrick Brown has reaffirmed an Outperform rating on CSX Corporation (NASDAQ:CSX) and increased the price target from $35 to $38, signaling confidence in the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:01 pm

AA

Alcoa Corporation (NYSE:AA) is expected to report a Q4 loss of 78 cents per share on revenue of $2.66 billion. The company plans to curtail production at its Kwinana Alumina Refinery in 2024. Alcoa offers a 1.33% annual dividend yield, equating to 10 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $450,450 or 15,000 shares is needed. Alcoa's shares fell 2.8% to close at $30.03 recently.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 1:01 pm

CMS

CMS Energy (NYSE:CMS) has been evaluated by 6 analysts over the last three months, with a mix of bullish and indifferent sentiments. The average 12-month price target is $61.17, up from $60.60. Analysts from Wolfe Research, Keybanc, BMO Capital, JP Morgan, Morgan Stanley, and Barclays have updated their ratings and price targets. CMS Energy's financials show a revenue decline of -17.34%, a net margin of 10.4%, an ROE of 2.51%, an ROA of 0.54%, and a high debt-to-equity ratio of 2.22.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:00 pm

SXTP

60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company's stock had previously failed to maintain the required $1.00 minimum bid price for 30 consecutive business days. Compliance was achieved by maintaining a closing bid price of $1.00 or more for at least 10 consecutive trading days, with a closing bid price of $1.09 on January 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:59 pm

JBHT

Raymond James analyst Patrick Tyler Brown has reaffirmed an Outperform rating on JB Hunt Transport Services (NASDAQ:JBHT) and increased the price target from $200 to $209.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:59 pm

BX

Blackstone Inc. (NYSE: BX) is planning to double its private equity team in Singapore within two years to capitalize on increasing deal opportunities in Southeast Asia. The expansion aims to bring Blackstone closer to its investor base in the region. The company is focusing on sectors such as technology, healthcare, consumer, financial services, and value-added industrial, targeting deals as small as $150 million. This move is part of a broader shift by financial investors away from China due to geopolitical tensions and a slow economic recovery.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 12:58 pm

BA

DG

DOCU

H

HD

MU

NVDA

SAM

TGI

WDC

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Keybanc raised NVIDIA's target from $650 to $740 and Micron's from $100 to $115, maintaining Overweight ratings. Deutsche Bank increased Western Digital's target from $45 to $65 and upgraded it to Buy. Morgan Stanley raised Dollar General's target from $130 to $160 and upgraded it to Overweight. Piper Sandler increased Home Depot's target from $311 to $400 and upgraded it to Overweight. Baird raised Triumph Group's target from $13 to $20 and upgraded it to Outperform. Redburn Atlantic raised Hyatt Hotels' target from $120 to $130 but downgraded it to Neutral. Wells Fargo cut Boeing's target from $280 to $225 and downgraded it to Equal-Weight. Bernstein raised Boston Beer's target from $280 to $335 and upgraded it to Market Perform. Morgan Stanley increased DocuSign's target from $49 to $64 and upgraded it to Equal-Weight.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 12:54 pm

TALO

Talos Energy Inc (NYSE:TALO) shares are up after announcing an acquisition deal with QuarterNorth Energy Inc worth $1.29 billion, comprising $965 million in cash and 24.8 million Talos shares. The deal, expected to close by end of Q1 2024, will add around 30 MBoe/d production and 69 MMBoe in proved reserves. The transaction is anticipated to be accretive to Talos's financial metrics and generate $50 million in annual synergies by year-end 2024.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 12:54 pm