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Stock Prices

SSRM

RBC Capital analyst Michael Siperco downgraded SSR Mining (NASDAQ:SSRM) from Outperform to Sector Perform and reduced the price target from $14 to $6, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:55 am

WAB

Redburn Atlantic analyst Oliver Holmes downgrades Westinghouse Air Brake (WAB) from Buy to Neutral with a $135 price target.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:53 am

CLF

Morgan Stanley analyst Carlos De Alba downgraded Cleveland-Cliffs (NYSE:CLF) from Overweight to Equal-Weight and reduced the price target from $21.5 to $20, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:44 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares increased by over 2.50% on Thursday, despite concerns about potential volume decline and margin erosion. Fund manager Gary Black from Future Fund addressed these concerns, stating Tesla is unlikely to further cut prices as it doesn't lead to incremental volume due to competitors matching price cuts. He also anticipates an increase in full-self driving (FSD) take rates as it nears Level 4 autonomy, suggesting auto gross margins may have bottomed out. However, Tesla's recent price adjustments and the controversy surrounding its FSD system, along with no new vehicles expected in the near term, could still pose challenges for the company.

Portfolio Pulse from Shanthi Rexaline

February 15, 2024 | 10:44 am

BTCUSD

Bitcoin (BTC) has surpassed a $1 trillion market cap for the first time since December 2021, trading at $52,243, a 1.36% increase over the last 24 hours. This surge follows the launch of spot Bitcoin ETFs, which have seen over $3 billion in net flows in their first month. Bitcoin's market cap now exceeds the GDP of countries like the Netherlands and Switzerland, and surpasses the valuation of major corporations such as Berkshire Hathaway and Tesla.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 10:36 am

OC

Evercore ISI Group analyst Stephen Kim downgrades Owens-Corning (NYSE:OC) from Outperform to In-Line and lowers the price target from $163 to $154.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:33 am

ORAN

Orange (NYSE:ORAN) reported a 16.4% increase in FY EPS to €0.85 and a 1.5% increase in sales to €44.12B compared to last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:28 am

DNFGY

STLA

Russian partners have collaborated with China's Dongfeng Motor Group (OTC:DNFGY) to continue producing Stellantis' Citroen cars in Russia, despite Stellantis' exit. Automotive Technologies imported 42 car kits from Dongfeng in December to assemble Citroen C5 Aircross models at the Kaluga plant, still majorly owned by Stellantis (NYSE:STLA). This development highlights the challenges global automakers face in Russia due to sanctions and the growing influence of Chinese automakers in the Russian market.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 10:24 am

INGR

Goldman Sachs analyst Adam Samuelson upgraded Ingredion (NYSE:INGR) from Neutral to Buy and increased the price target from $122 to $135, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:19 am

COIN

JP Morgan analyst Kenneth Worthington upgrades Coinbase Global (COIN) from Underweight to Neutral and sets a new price target of $80.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:15 am