Streetbeat News

Stock Prices

ZGN

B of A Securities analyst Daria Nasledysheva has upgraded Ermenegildo Zegna (NYSE:ZGN) from Neutral to Buy and raised the price target from $16 to $16.5.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 9:27 am

NVS

Novartis has confirmed plans to spin-off its Sandoz business, with trading of new Sandoz Group AG shares and ADRs to commence on October 4, 2023. The shares of Sandoz are expected to be listed on the SIX Swiss Exchange and the OTCQX.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 9:25 am

IMAX

IMAX Corporation defends its decision to privatize IMAX China, stating it is in the best interest of shareholders despite opposition from Letko, Brosseau & Associates Inc. IMAX China's share price has been weak and trading volume hit all-time lows throughout 2023, despite encouraging first half results and increased box office market share.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 9:15 am

UNFI

United Natural Foods, Inc. (NYSE:UNFI) is expected to report a Q4 loss of 28 cents per share, compared to earnings of $1.27 per share a year ago. The company's revenue is projected to be $7.47 billion, up from $7.27 billion in the same period last year. The company's shares fell 2.1% to close at $18.85 on Friday. Several analysts have recently adjusted their price targets for the company, with most downgrading their ratings.

Portfolio Pulse from Lisa Levin

September 25, 2023 | 9:01 am

PAGP

Barclays analyst Theresa Chen has downgraded Plains GP Holdings (NASDAQ:PAGP) from Equal-Weight to Underweight and set a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 9:00 am

NVS

Morgan Stanley analyst Vincent Meunier has upgraded Novartis (NYSE:NVS) from Underweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:54 am

FL

Jefferies analyst Corey Tarlowe has downgraded Foot Locker (NYSE:FL) from Buy to Hold and lowered the price target from $28 to $18.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:50 am

NKE

Jefferies analyst Randal Konik has downgraded Nike (NYSE:NKE) from Buy to Hold and lowered the price target from $140 to $100.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:48 am

AIXI

AN

PUYI

THO

VCNX

THOR Industries, AutoNation, Puyi Inc., Vaccinex, and Xiao-I Corporation are the stocks to watch heading into Monday. THOR Industries is expected to report quarterly earnings at 95 cents per share on revenue of $2.41 million. AutoNation has appointed Jeff Parent as its new COO. Puyi Inc. is set to release its audited financial results for the fiscal year ended June 30, 2023. Vaccinex reported a 1-for-15 reverse stock split. Xiao-I Corporation is projected to report financial results for the first half of 2023.

Portfolio Pulse from Lisa Levin

September 25, 2023 | 8:41 am

BECO

Microsoft co-founder Bill Gates has criticized the idea that planting trees alone can solve the climate crisis, calling it 'complete nonsense'. He emphasized the need for innovation and clean technology investment, and advocated for political measures like taxing oil and gas sectors. Gates also mentioned his Breakthrough Energy portfolio's efforts to reduce the cost of carbon capture and storage. The BlackRock Future Climate and Sustainable Economy ETF (NYSE:BECO), which focuses on companies addressing climate change, closed Friday’s session at $19.62.

Portfolio Pulse from Shanthi Rexaline

September 25, 2023 | 8:13 am