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Stock Prices

KBH

Deutsche Bank analyst Joe Ahlersmeyer has downgraded KB Home (NYSE:KBH) from Hold to Sell and set a price target of $46.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 10:01 am

TMHC

Deutsche Bank analyst Joe Ahlersmeyer has upgraded Taylor Morrison Home (NYSE:TMHC) from Hold to Buy and increased the price target from $50 to $57.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:39 am

QRVO

Morgan Stanley analyst Joseph Moore has upgraded Qorvo (NASDAQ:QRVO) from Equal-Weight to Overweight and increased the price target from $120 to $134.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:33 am

CWK

Wolfe Research analyst Andrew Rosivach upgraded Cushman & Wakefield (CWK) from Peer Perform to Outperform with a $12 price target. This suggests a positive outlook for CWK's stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:30 am

TOL

Raymond James analyst Buck Horne has reaffirmed a Strong Buy rating on Toll Brothers (NYSE:TOL) and increased the price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 9:20 am

ORCL

Oracle Corporation (NYSE:ORCL) is expected to report an increase in Q2 earnings with a forecast of $1.32 per share, up from $1.21 per share a year ago. Revenue is anticipated to be $13.05 billion. The company recently announced a multi-year agreement with Microsoft. Ahead of the earnings call, analysts have revised their ratings and price targets for Oracle. Morgan Stanley, BMO Capital, Piper Sandler, Berenberg, and Citigroup analysts have provided updates with varying price targets and ratings.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 9:06 am

MOMO

Hello Group Inc reported a decline in user metrics for its applications. The MAU for Tantan was 15.7M in September 2023, a decrease from 20.9M the previous year. Momo app's total paying users also dropped to 7.8M in 3Q23 from 8.4M in the same quarter last year. Tantan's paying users decreased to 1.4M in 3Q23 from 2.0M in the year-ago period.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 8:31 am

AVGO

JOUT

LULU

MOMO

RH

U.S. stock futures are mixed ahead of Friday's trading session. Johnson Outdoors Inc. is expected to report a quarterly loss, while Broadcom Inc. announced positive earnings and a dividend increase but saw a slight stock decline. Hello Group Inc. is anticipated to report earnings, with shares rising after-hours. Lululemon Athletica Inc. reported strong third-quarter results but projected weaker sales, leading to a stock drop. RH experienced an unexpected loss and sales miss, causing a significant after-hours stock decrease.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 8:27 am

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) has laid off about 20 employees from its battery cell development team, including Victor Prajapati, a key figure who previously worked at Tesla Inc (NASDAQ:TSLA). The layoffs, which represent less than 8% of the battery team, are part of a shift in focus towards the R2 platform and defined programs, pausing new in-house cell development. Rivian will instead grow its cell chemistry team and work with manufacturing partners. The company reported Q3 revenue of $1.337 billion and a loss of $1.19 per share, beating estimates and raising its full-year production guidance to 54,000 vehicles.

Portfolio Pulse from Anan Ashraf

December 08, 2023 | 8:01 am

VTMX

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Vesta), listed as VTMX on the NYSE, has announced the pricing of its underwritten public offering of 4.25 million American Depositary Shares (ADSs) at $35 per ADS. Each ADS represents ten of Vesta's common shares registered in Mexico's National Securities Registry.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:50 am