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BA

SPR

Truist Securities analyst Michael Ciarmoli downgraded Spirit AeroSystems Holdings Inc (NYSE:SPR) from Buy to Hold with a lowered price target of $25 from $42. The company reported revenue growth of 8% year-over-year to $1.36 billion, beating the consensus of $1.31 billion. However, Ciarmoli expects lower FCF generation in 2024 and 2025 and notes advance repayment of $100 million in 2025 as an unforeseen development. He also expects a contract renegotiation failure with The Boeing Company (NYSE:BA) to weigh on margins and result in additional cash.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 2:14 pm

DTIL

Precision BioSciences (NASDAQ:DTIL) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $-0.24. The company's past performance shows a pattern of share price drops following earnings reports. The stock is currently trading at $0.549, down 68.41% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:14 pm

WBX

TD Cowen has downgraded Wallbox's stock from Outperform to Market Perform and set a price target of $4. Canaccord Genuity also lowered its price target from $10 to $8. As a result, Wallbox shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:14 pm

GTN

Gray Television (NYSE:GTN) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $-0.23. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. The company's shares are currently trading at $8.98, down 54.73% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:14 pm

LMND

Lemonade, Inc. (NYSE:LMND) shares dropped after the company reported Q2 financial results. Despite beating analyst consensus estimates for both losses per share and sales, the stock fell. Morgan Stanley analyst Michael Phillips maintained an Underweight rating for Lemonade and raised the price target from $14 to $15.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 2:14 pm

AMSC

American Superconductor's stock is trading lower following its recent surge.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:14 pm

FOXO

FOXO Technologies' shares are experiencing an increase in trading volume and price, despite no apparent news or events driving the change.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:14 pm

RPID

Rapid Micro Biosystems (NASDAQ:RPID) is set to release its quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $-0.36. The company's past performance shows a mixed trend of beating and missing EPS estimates, with varying impacts on the share price. The stock is currently trading at $1.02, down 77.9% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:14 pm

ARAV

BPTH

COOK

K

RBOT

UPWK

VITL

U.S. stocks were mixed with Dow trading down 0.05% and NASDAQ rising 0.05%. Kellogg Company (NYSE:K) reported better-than-expected earnings for its second quarter with organic sales growth of 7.1% YoY to $4.14 billion. Upwork Inc. (NASDAQ:UPWK), Vital Farms, Inc. (NASDAQ:VITL), and Traeger, Inc. (NYSE:COOK) saw their shares rise after posting strong quarterly results. However, Aravive, Inc. (NASDAQ:ARAV), Bio-Path Holdings, Inc. (NASDAQ:BPTH), and Vicarious Surgical Inc. (NYSE:RBOT) saw their shares drop due to various reasons including unsuccessful trials and public offering pricing.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 2:14 pm

SPGI

Unusual options activity has been observed for S&P Global (NYSE:SPGI), with a bearish stance taken by a large investor. The sentiment among these big-money traders is 30% bullish and 70% bearish. The price target for S&P Global over the last 3 months has been between $340.0 to $400.0. The stock is currently down 2.65% at $383.82. Several financial institutions have maintained their positive ratings on S&P Global, with price targets ranging from $421 to $470.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:13 pm