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MNK

Shares of Mallinckrodt Plc have resumed trading.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 6:00 pm

Home Depot (NYSE:HD) has received a mix of bullish and indifferent analyst ratings over the last quarter, with no bearish ratings. The average 12-month price target for the company, according to 21 analysts, is $321.29, representing a 3.5% decrease from the previous average price target of $332.94.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

FTI

In the last quarter, TechnipFMC (NYSE:FTI) received 4 bullish analyst ratings and no bearish or indifferent ratings. The company's average 12-month price target is $21.0, which has increased by 12.48% over the past month.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

MNK

Mallinckrodt has announced that its board has not yet determined the ultimate path for the company, including whether or not it will file under U.S. Bankruptcy Code or insolvency laws, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 5:53 pm

BAC

A large investor has taken a bullish stance on Bank of America (NYSE:BAC), with 67% of big-money traders also bullish. The investor has targeted a price range of $20.0 to $40.0 for BAC over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $35, while Morgan Stanley maintains an Equal-Weight rating with a price target of $33.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 5:46 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading higher by 0.91% to $345.78, and 3.35% higher for the week. This follows the release of June CPI data indicating lower than expected inflation rates. The Producer Price Index (PPI) for final demand also recorded a 0.1% rise in June. Microsoft shares have surged approximately 44% on a year-to-date basis, largely due to investor interest in artificial intelligence stocks.

Portfolio Pulse from Henry Khederian

July 14, 2023 | 5:43 pm

GLMD

Galmed Pharmaceuticals has announced the pricing of a $7 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 5:42 pm

DAL

Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on Delta Air Lines Inc (DAL) and raised the price target from $70 to $77. The company reported 2Q23 EPS of $2.68, above consensus, and Adjusted Operating Revenues of $14.613 billion, also above consensus. The analyst believes the current long-term EPS target of $7 is likely achieved and the next stop should be a $10 EPS target by 2025/26. Despite the stock’s nearly 50% YTD run-up, the analyst thinks it can still double in the next couple of years.

Portfolio Pulse from Shivani Kumaresan

July 14, 2023 | 5:40 pm

ERIE

LMND

OXBR

PGR

RELI

SLQT

During Friday's intraday session, insurance stocks showed significant movement. Gainers included Oxbridge Re Holdings (OXBR), Erie Indemnity (ERIE), Progressive (PGR), SiriusPoint (SPNT), Kinsale Cap Gr (KNSL), and Kingstone Companies (KINS). Losers included SelectQuote (SLQT), Reliance Global Group (RELI), Hippo Holdings (HIPO), Kemper Corporation 5.875% Fixed-Rate Reset Junior Subordinated Debentures due 2062 (KMPB), GoHealth (GOCO), and Lemonade (LMND).

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 5:40 pm

CNC

CVS

DHR

ISRG

JNJ

MRK

SILK

TMO

UNH

XAIR

Benzinga's options activity scanner has identified significant options activity in the health care sector. The stocks involved include UnitedHealth Group (UNH), Thermo Fisher Scientific (TMO), Merck & Co. (MRK), Intuitive Surgical (ISRG), Silk Road Medical (SILK), Beyond Air (XAIR), Johnson & Johnson (JNJ), Centene Corporation (CNC), CVS Health Corporation (CVS), and Danaher Corporation (DHR). The options activity ranges from bearish call option trades to bullish put option sweeps.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 5:39 pm