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WK Kellogg shares are trading lower following a downgrade from Exane BNP Paribas, moving from Neutral to Underperform with a new price target of $20.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:10 pm

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ZION

Mastercard Inc is collaborating with major U.S. banks and financial institutions to test a shared-ledger technology for the unified settlement of tokenized assets, aiming to simplify and speed up transactions while reducing errors and fraud. The technology supports commercial bank money, wholesale central bank money, and securities like investment-grade debt on a single system. Participants include Citigroup Inc, JPMorgan Chase & Co, US Bancorp, Wells Fargo & Co, Visa Inc, Swift, TD Bank NA, Zions Bancorp, with contributions from Bank of New York Mellon Corp and the International Swaps and Derivatives Association. Mastercard's stock gained 18% in the last 12 months, and investors can also gain exposure through IShares U.S. Financial Services ETF and Fidelity MSCI Financials Index ETF.

Portfolio Pulse from Anusuya Lahiri

May 08, 2024 | 5:05 pm

DNLI

Denali Therapeutics shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:04 pm

STAA

STAAR Surgical's shares declined following the announcement of its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:03 pm

PR

Permian Resources shares are trading lower following the announcement of mixed Q1 financial results, indicating a disparity between expected and actual performance metrics.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:01 pm

PRPL

Purple Innovation (NASDAQ:PRPL) has been analyzed by 6 analysts, showing a shift towards more positive ratings with an average 12-month price target of $2.25, up 45.16% from the previous target. The company's financials indicate a positive revenue trend and exceptional net margin, despite a market capitalization below industry averages and lower ROE and ROA. Analysts' ratings range from 'Outperform' to 'Neutral', reflecting varied expectations for the company's stock performance.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 5:01 pm

DDOG

Datadog shares surged following an upgrade by Baird from Neutral to Outperform, with a price target increase from $130 to $140.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:01 pm

CGC

Financial analysis of Canopy Growth (NASDAQ:CGC) options market shows a bearish trend with 52% of trades indicating bearish sentiment. The analysis revealed 23 unusual trades, with a higher value in puts ($1,232,383) compared to calls ($549,815). Significant investors anticipate CGC's price to range from $8.0 to $28.0 in the next three months. The largest trades include both bullish and neutral sentiments, with notable open interest and volume in options. Canopy Growth, a cannabis company, is planning to merge its U.S. assets into Canopy USA, separate from its Canadian financials. CGC's stock price is currently down by -4.54% at $9.05.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 5:01 pm

AVNT

Avient (NYSE:AVNT) has received mixed analyst ratings over the last three months, with a recent shift towards more bullish perspectives. The average 12-month price target for AVNT has been raised to $51.00, indicating a positive outlook from financial experts. Analysts from Wells Fargo, Stifel, and Oppenheimer have raised their price targets, reflecting optimism about the company's performance. Despite facing a revenue decline of -9.03% over the past 3 months, Avient's net margin outperforms industry standards, showcasing strong profitability. However, challenges in ROE and ROA suggest areas for improvement.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 5:01 pm

LULU

Recent analysis of options activity for Lululemon Athletica (NASDAQ:LULU) shows a predominantly bearish sentiment among investors, with a significant portion of trades being puts. The trading volume and open interest trends indicate a focus on a price range between $320.0 and $400.0. Despite this bearish outlook, market experts have set higher target prices, suggesting a potential upside. LULU's current stock price is slightly down, with an anticipated earnings release in 22 days.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 5:01 pm