Streetbeat News

Stock Prices

ADXN

Addex Therapeutics (NASDAQ:ADXN) plans to change its American Depositary Shares (ADSs) to ordinary shares ratio from 1:6 to 1:120, effective around October 23, 2023. This change is equivalent to a 1 for 20 reverse ADS split, aimed at regaining compliance with the Nasdaq minimum bid price requirement. The company's ADSs will continue to be traded on the Nasdaq Capital Market under the ticker symbol 'ADXN'. The change is expected to proportionally increase the company's ADS trading price.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 8:02 pm

FTXG

HSY

KO

NVO

PEP

WMT

Food and beverage stocks have experienced significant declines, with the First Trust Nasdaq Food & Beverage ETF (FTXG) falling over 5% this week. This is attributed to concerns over weight-loss drugs like Ozempic and Wegovy, manufactured by Novo Nordisk (NVO), which could alter consumption patterns and reduce demand for high-calorie foods and beverages. Walmart (WMT) reported a decline in shopping demand due to these drugs. Bank of America analysts suggest that the highest risk of reduced consumption pertains to alcohol, snacking, non-alcoholic beverages, and weight management products. Several food stocks, including The Hershey Company (HSY), PepsiCo (PEP), and The Coca-Cola Company (KO), are trading lower this week.

Portfolio Pulse from Piero Cingari

October 06, 2023 | 8:01 pm

CSCO

A significant amount of unusual options activity has been detected for Cisco Systems (NASDAQ:CSCO), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $47.5 and $80.0. B of A Securities and Tigress Financial have maintained their Neutral and Buy ratings on Cisco Systems, respectively, with price targets of $60 and $76.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 8:01 pm

TPX

Tempur Sealy Intl (NYSE:TPX) has received positive analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, and 1 indifferent. The average price target is $52.17, indicating an upside from the current price of $40.07. The average price target has increased by 10.06% over the past month.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 8:00 pm

OMF

OneMain Holdings (NYSE:OMF) has received positive analyst ratings in the last quarter, with 2 bullish and 5 somewhat bullish ratings. Over the past 3 months, 7 analysts have offered 12-month price targets for the company, with an average price target of $54.14, a high of $60.00, and a low of $46.00. The average price target has increased by 4.78% over the past month.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 8:00 pm

BEN

Franklin Resources (NYSE:BEN) has received 2 indifferent, 5 somewhat bearish, and 2 bearish ratings from analysts in the last quarter. The average price target is $24.33, indicating a potential upside from the current price of $23.4. This average has increased by 6.57% from the previous average price target of $22.83.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 8:00 pm

THG

Hanover Insurance Gr (NYSE:THG) has received three somewhat bullish and one indifferent analyst ratings in the last quarter. The average price target is $136.0, representing an upside from the current price of $111.5. This average price target is a 4.23% decrease from the previous average price target of $142.00.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 8:00 pm

LW

Over the past 3 months, 7 analysts have published their opinion on Lamb Weston Hldgs (NYSE:LW) stock. The majority of these analysts are bullish, with 4 giving a bullish rating and 2 somewhat bullish. The average price target is $123.43, compared to the current price of $97.69, implying an upside. However, this represents a 1.06% decrease from the previous average price target of $124.75.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 8:00 pm

FIHL

Over the past 3 months, 11 analysts have published their opinion on Fidelis Insurance Hldgs (NYSE:FIHL) stock. The average price target is $17.32, implying an upside from the current price of $14.51. The current average has increased by 15.47% from the previous average price target of $15.00.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 8:00 pm

DELL

Morgan Stanley analyst Erik Woodring maintained an Overweight rating on Dell Technologies Inc (NYSE:DELL) and raised the price target from $87 to $89. Woodring believes Dell's stabilizing core business, AI infrastructure opportunity, and accelerating capital return story can drive a compelling multi-year total return. Raymond James analyst Simon Leopold had an Outperform rating on Dell with a price target of $68. Citi analyst Asiya Merchant reiterated a Buy rating on Dell. Dell's shares traded higher by 0.20% at $66.32 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 7:54 pm