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BAC

Bank of America Corporation (NYSE:BAC) is expected to report higher Q3 revenue of $25.14 billion, compared to $23.57 billion in the year-ago period. The company's shares gained 1.3% to trade at $27.10 on Monday. Recent price target changes by analysts include Morgan Stanley cutting the target from $34 to $32, Oppenheimer lowering it from $49 to $48, Piper Sandler cutting it from $28 to $27.5, HSBC initiating coverage with a target of $35, and Wells Fargo cutting it from $43 to $40.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 1:37 pm

BTCUSD

The SEC has reportedly approved the iShares Bitcoin spot ETF, leading to a rise in Bitcoin trading.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:35 pm

ALHC

Raymond James has upgraded Alignment Healthcare's stock from Outperform to Strong Buy and raised its price target from $9 to $10. This has resulted in Alignment Healthcare shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:32 pm

TJX

TJX Companies's short percent of float has risen 7.89% since its last report, with 9.34 million shares sold short, which is 0.82% of all regular shares available for trading. It would take traders 1.86 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. TJX Companies's peer group average for short interest as a percentage of float is 15.87%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 1:30 pm

IQV

IQVIA Hldgs's (NYSE:IQV) short percent of float has risen 13.27% since its last report, with 3.55 million shares sold short, which is 2.22% of all regular shares available for trading. It would take traders 3.26 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, IQVIA Hldgs's peer group average for short interest as a percentage of float is 4.92%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 1:30 pm

CNSL

Consolidated Communications has announced an agreement to be acquired by Searchlight Capital Partners and British Columbia Investment Management. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:30 pm

BAC

Bank of America's (NYSE:BAC) short percent of float has risen 14.47% since its last report, with 59.91 million shares sold short, which is 0.87% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, it's worth noting that an increase in short interest can also be bullish for a stock.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 1:30 pm

AAPL

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JPM

KBH

LII

MSFT

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TRN

Top Wall Street analysts have updated their outlooks on several major companies. Morgan Stanley raised JPMorgan Chase's price target from $187 to $191 and maintained an Overweight rating. Apple's price target was reduced from $215 to $210 by Morgan Stanley, which also maintained an Overweight rating. Lennox International, Microsoft, Trinity Industries, and Check Point Software Technologies also saw price target increases, while Pfizer, Colgate-Palmolive, Plug Power, and KB Home had their price targets cut.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 1:27 pm

VSTO

Vista Outdoor has lowered its FY24 guidance and announced a definitive agreement to sell its sporting products business. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:27 pm

XERS

Xeris Biopharma Holdings Inc (NASDAQ:XERS) shares are trading higher by around 9% after the company revised its FY23 outlook. The company raised the lower end of its revenue guidance and its cash, cash equivalents, and short-term investment outlook. It also announced the successful formulation of the XeriJect formulation of TEPEZZA, which could lead to further development milestones and royalties.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 1:25 pm