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ABEO

Abeona Therapeutics shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:30 pm

CAG

GIS

HSY

K

KHC

MDLZ

Goldman Sachs analyst Leah Jordan initiated coverage on several packaged food companies, highlighting mixed performance amid economic headwinds. ConAgra Brands (CAG) and General Mills (GIS) received Buy ratings due to strong portfolios and favorable market trends. Kellanova (K) received a Neutral rating, while Mondelez International (MDLZ) was rated Buy for its growth potential. The Hershey Company (HSY) and The Kraft Heinz Company (KHC) were given Sell ratings due to market share losses and other challenges.

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 6:29 pm

WLDS

Wearable Devices shares are trading higher following the announcement of a partnership with a European automaker.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:20 pm

PCRX

Pacira BioSciences (NASDAQ:PCRX) lost a patent fight for its key drug Exparel, leading to a significant stock drop and a downgrade from JP Morgan. The court ruled that the '495 patent is invalid, which could erode Exparel's revenue, accounting for 80% of the company's sales. JP Morgan downgraded the stock to Underweight with a reduced price target of $10.

Portfolio Pulse from Vandana Singh

August 12, 2024 | 6:19 pm

PG

Investors have taken a bearish stance on Procter & Gamble (NYSE:PG) with significant options trades detected. The sentiment is split with 28% bullish and 35% bearish. Analysts have mixed ratings with price targets ranging from $161 to $189. PG's stock is currently down by 2.48% at $166.31.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 6:15 pm

LMT

Deep-pocketed investors have adopted a bearish approach towards Lockheed Martin (NYSE:LMT), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant trades focusing on a price range between $370 and $600. Analysts have mixed ratings, with some maintaining neutral or equal-weight ratings, while others have upgraded to buy or outperform.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 6:15 pm

CAR

Avis Budget Group shares are trading lower, likely due to continued weakness following their Q2 earnings report last week.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:15 pm

ARDT

Ardent Health Partners shares are trading higher after multiple analysts initiated coverage on the stock with bullish ratings.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:14 pm

NUS

Nu Skin Enterprises shares are trading lower after Citigroup maintained a Neutral rating on the stock and lowered its price target from $14 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:08 pm

ELF

e.l.f Beauty shares are trading lower due to continued weakness following a decline last week after the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:08 pm