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INCY

Goldman Sachs downgraded Incyte Corp (NASDAQ:INCY) from Buy to Neutral, reducing the price target from $98 to $65 due to uncertainties around Jakafi's lifecycle management and competitive concerns. The FDA's complete response letter for once-daily Jakafi requires a modified formulation, potentially delaying approval until 2026/2027. Incyte is not seen as a likely M&A target because of Jakafi's small biotech drug exemption, which would not apply if acquired. Incyte is focusing on M&A and business development, with over $3.5 billion in cash reserves and no debt.

Portfolio Pulse from Vandana Singh

November 21, 2023 | 8:05 pm

CCK

Crown Holdings (NYSE:CCK) received 7 analyst ratings in the last quarter, with 4 bullish, 2 somewhat bullish, and 1 indifferent. The average price target is $102.86, representing an upside from the current price of $82.92. This target has decreased by 4.02% from the previous target of $107.17. Analysts rate stocks based on research and provide guidance to investors, though their predictions are opinions.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

TCOM

Within the last quarter, Trip.com Group (NASDAQ:TCOM) received 6 analyst ratings: 4 bullish and 2 somewhat bullish, with no indifferent, somewhat bearish, or bearish ratings. The average price target is $52.5, representing a significant upside from the current price of $32.74. This target has increased by 10.53% from the previous target of $47.50. Analyst ratings are periodic evaluations from financial experts based on company performance and projections.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

PPG

PPG Industries (NYSE:PPG) has delivered an average annual return of 12.97% over the past 15 years, outperforming the market. A $100 investment in PPG stock 15 years ago would be worth $642.65 today. PPG currently has a market cap of $32.22 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

CVE

$1000 invested in Cenovus Energy (NYSE:CVE) 5 years ago would now be worth $2,523.88, reflecting an annualized return of 20.68%. Cenovus has outperformed the market, emphasizing the impact of compounded returns over time. The company's current market cap is $33.99 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

CHUY

Chuy's Holdings (NASDAQ:CHUY) has received various analyst ratings over the last quarter, with 1 bullish, 3 somewhat bullish, and 2 indifferent. No somewhat bearish or bearish ratings were reported. The average 12-month price target among 6 analysts is $41.17, with a high of $46.00 and a low of $36.00, marking a 4.7% decrease from the previous average target of $43.20.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

FDX

Citi analyst Christian Wetherbee predicts FedEx Corp (NYSE:FDX) will exceed Q2 expectations, maintaining the company as a top pick. Despite headwinds in the transport sector, Wetherbee's estimates remain above the Street's, at $4.51 for Q2 and $18.75 for FY24. Macro factors, DRIVE cost initiatives, better LTL results, and an extra Cyber-Week day are expected to contribute to another strong quarter. However, it's uncertain if FedEx will raise its guidance due to fundamental transport sector headwinds. FedEx shares saw a slight increase of 0.18% to $256.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 7:53 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD) stock rose after announcing a non-binding Letter of Intent to invest in Majestic World Holdings for access to the Xene software platform. The strategic partnership aims to leverage AI technology to create a decentralized real estate marketplace, potentially marking a significant growth phase for both companies.

Portfolio Pulse from Ryan Gustafson

November 21, 2023 | 7:49 pm

MSFT

OpenAI is facing internal turmoil with discussions about the return of ousted co-founder Sam Altman as CEO. Employees have threatened mass resignations, and Microsoft Corp (NASDAQ:MSFT) has hired Altman and Greg Brockman for a new AI research team. Microsoft's CEO Satya Nadella has expressed openness to hiring more OpenAI staff and hinted at potential changes in governance, including a possible board seat for Microsoft.

Portfolio Pulse from Neil Dennis

November 21, 2023 | 7:49 pm

WAVD

WaveDancer, Inc. shares are experiencing an uptick following the announcement that the company has regained compliance with NASDAQ listing requirements.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:48 pm