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ADI

Morgan Stanley analyst Joseph Moore upgraded Analog Devices Inc (ADI) from Equal-Weight to Overweight and increased the price target from $176 to $225. Moore's analysis suggests that ADI outperforms during down cycles and is setting a positive outlook despite challenging conditions. He expects the current cycle to bottom in May 2024 and sees improved visibility for a base in the semiconductor group. ADI's high ASP products and guidance for lower forward earnings contribute to its resilience. ADI shares rose 1.69% to $182.88 following the upgrade.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 8:08 pm

TSLA

Tesla, Inc. faces a challenge in Sweden as dockworkers have pledged to refuse offloading Tesla cars at the country's ports in support of a strike by Tesla mechanics demanding collective bargaining agreements. The strike, initiated by over 120 mechanics affiliated with the Swedish union IF Metall on Oct. 27, has led to a blockade of Tesla car shipments at Sweden's ports. The blockade has been effective, with no Tesla car shipments arriving since the strike began. Additionally, electricians have halted service and repair activities for Tesla, including the company's charging stations in Sweden. Despite the industrial action, Tesla shares were trading higher by 0.56% to $234.90 at the time of publication on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 8:08 pm

COR

Cencora (NYSE:COR) has seen a 3.05% increase in short interest since the last report, with 5.97 million shares sold short, representing 3.72% of available shares. It would take about 5.17 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Cencora's short interest is below its peer group average of 4.79%.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

CSGP

Over the past 15 years, CoStar Group (NASDAQ:CSGP) has delivered an average annual return of 24.33%, outperforming the market. A $1000 investment in CSGP 15 years ago would now be worth $28,733.47. CoStar Group currently has a market cap of $33.72 billion.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

FOXF

Fox Factory Hldg (NASDAQ:FOXF) has received 7 analyst ratings in the last quarter, with 5 being bullish and 2 indifferent. The average price target is $105.71, which is significantly higher than the current price of $61.45, suggesting an implied upside. However, this target is a 13.17% decrease from the previous target of $121.75. Analysts typically review stocks each quarter, and their ratings are based on company performance, financial statements, and insider communications.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

TTWO

Over the past 15 years, Take-Two Interactive (NASDAQ:TTWO) has produced an average annual return of 19.1%, outperforming the market. A $1000 investment in TTWO 15 years ago would be worth $15,227.72 today. The company's current market capitalization is $26.16 billion.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

LVS

Las Vegas Sands (NYSE:LVS) has experienced a 34.4% increase in short interest since its last report, with 12.45 million shares sold short, representing 3.36% of its float. It would take about 2.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. LVS has less short interest compared to its peer group average of 4.31%.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

HLT

Hilton Worldwide Holdings (NYSE:HLT) has seen a decrease in short interest, with the short percent of float dropping 12.94% since the last report. The company has 4.40 million shares sold short, representing 1.75% of available shares for trading. The average time to cover these short positions is 2.35 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Hilton's short interest is below its peer group average of 6.98%.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

KMB

KVUE

PRGO

Piper Sandler analyst Korinne Wolfmeyer initiated coverage on personal care stocks, highlighting the industry's potential for growth due to consumer spending resilience. Perrigo Co PLC (PRGO) received an Overweight rating with a $37 price target, while Kimberly-Clark Corp. (KMB) also got an Overweight rating with a $146 target. Kenvue Inc (KVUE) was rated Neutral with a $20 target. PRGO's sales strength, new products, and EPS forecasts are positive, while KMB's focus on innovation and margin improvement are seen as growth drivers. KVUE's reliance on branded products and potential litigation are concerns. PRGO's stock rose by 3.01%, KVUE's by 0.59%, and KMB's fell by 0.12% on the last check Friday.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 7:54 pm

EXAS

Exact Sciences Corp has filed a patent infringement lawsuit against Geneoscopy for allegedly infringing on its Cologuard colon cancer test patent. The lawsuit aims to halt Geneoscopy's ColoSense product and seeks damages. Exact Sciences claims its patented technology is vital for at-home fecal sample collection that preserves biomarkers for lab analysis. The company had previously sent a cease-and-desist letter to Geneoscopy, which led to a failed challenge of the patent at the USPTO. Exact Sciences' shares rose 7.77% to $65.92 following the news.

Portfolio Pulse from Vandana Singh

November 17, 2023 | 7:49 pm