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Stock Prices

AMCR

B of A Securities analyst George Staphos has downgraded Amcor (NYSE:AMCR) from Buy to Underperform and lowered the price target from $12.4 to $9.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:35 am

AAN

Loop Capital analyst Anthony Chukumba has downgraded Aarons (NYSE:AAN) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:33 am

AAP

Atlantic Equities analyst Sam Hudson has downgraded Advance Auto Parts (NYSE:AAP) from Neutral to Underweight and lowered the price target from $130 to $50.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:21 am

GM

VWAGY

General Motors (GM) has reduced the starting price for the Cadillac Lyriq by 14% in China, following a similar move by Volkswagen (VWAGY). The price cut is seen as a strategy to capture market share in China's competitive EV market. GM has also offered an additional discount for Lyriq buyers who have a deposit in China before the end of August.

Portfolio Pulse from Shivani Kumaresan

July 10, 2023 | 11:16 am

AMC

GOOGL

KRP

MTH

SPSC

Five top Wall Street analysts have made new stock picks. Eric Wold from B. Riley Securities reiterated a Neutral rating on AMC Entertainment Holdings, Inc. (AMC) with a 7% upside. Tom Roderick from Stifel maintained a Buy rating on SPS Commerce, Inc. (SPSC) with a 10% upside. Justin Post from B of A Securities reiterated a Buy rating on Alphabet Inc. (GOOGL) with a 7% upside. Jay McCanless from Wedbush maintained an Outperform rating on Meritage Homes Corporation (MTH) with a 6% upside. John Freeman from Raymond James maintained a Strong Buy rating on Kimbell Royalty Partners, LP (KRP) with a 37% surge.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 11:11 am

FOXA

Wells Fargo analyst Steven Cahall has downgraded Fox (NASDAQ:FOXA) from Equal-Weight to Underweight and lowered the price target from $35 to $31.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:09 am

DHT

DHT Holdings has estimated its time charter equivalent earnings for its fleet at $56,300 per day for the second quarter of 2023. This includes $36,200 per day for the company's VLCCs on time-charter and $64,800 per day for the company's VLCCs operating in the spot market.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:07 am

AAPL

AMZN

PEP

QQQ

SPY

TSLA

Stocks are expected to start negatively due to inflation worries and the upcoming second-quarter reporting season. Big bank earnings and other notable names such as PepsiCo are due this week. Bond yields are rising due to the uncertain economic environment. The Chinese economy is showing signs of recovery. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell in premarket trading. Tesla's stock rose after Jefferies raised the price target. Tech stocks, led by Apple and Amazon, were mostly lower.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 11:05 am

GNLX

Genelux Corporation (NASDAQ:GNLX) has announced positive results from a Phase 1 trial of intrapleural delivered Olvi-Vec in patients with malignant pleural effusion due to either MPM or metastatic disease. The results were published in Frontiers in Immunology.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:04 am

HELE

Helen of Troy Limited (HELE) has projected its adjusted earnings per share (EPS) for FY24 to be between $8.50 and $9.00, which is higher than the estimated $8.77.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 10:51 am