Streetbeat News

Stock Prices

BBIO

HC Wainwright & Co. analyst Raghuram Selvaraju has reaffirmed a Buy rating on BridgeBio Pharma (NASDAQ:BBIO) and increased the price target from $22 to $47, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:37 am

BIOL

Biolase projects its full-year 2024 revenue to be between $52M-$53M, reflecting a 6%-8% increase year-over-year, slightly below the consensus estimate of $53.01M. The company also anticipates improving its loss from operations by 50%-60%.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:37 am

DHI

MTRN

STX

TSLA

WDC

Wall Street analysts with high accuracy rates have made recent stock picks with varying price targets. Jay McCanless of Wedbush sees an 18% downside in D.R. Horton (DHI), while William Stein of Truist Securities maintains a Hold on Tesla (TSLA) with a 5% upside. Matt Bryson, also of Wedbush, reiterates a Neutral on Seagate Technology (STX) with an 11% upside. Aaron Rakers of Wells Fargo maintains an Overweight on Western Digital (WDC) with a 24% surge expected. Lastly, Philip Gibbs of Keybanc maintains an Overweight on Materion Corporation (MTRN) with a 21% upside.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 11:35 am

MMM

3M (NYSE:MMM) has announced that it will pay $6 billion to settle the Combat Arms Earplugs litigation, with claimant participation expected to exceed the 98% threshold. The settlement, announced in August 2023, allows 3M to pay up to $1 billion in stock or cash, and 3M has chosen to pay in cash. The settlement is expected to resolve over 99% of the claims by March 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:34 am

ONCT

HC Wainwright & Co. analyst Raghuram Selvaraju has reaffirmed a Buy rating on Oncternal Therapeutics (NASDAQ:ONCT) and significantly increased the price target from $2 to $30.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:32 am

EE

Excelerate Energy has entered into a 15-year agreement with QatarEnergy to purchase up to 1 million tonnes of LNG annually, to be delivered ex-ship in Bangladesh. This long-term deal secures a steady supply of LNG for Excelerate Energy, enhancing its position in the energy market and potentially impacting its stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:31 am

CODI

NBTB

PBF

The article reports on notable insider purchases of shares in three companies, suggesting confidence in their prospects. Compass Diversified's Elias Sabo acquired 90,000 shares for about $2.04 million, following a $380 million deal with The Honey Pot Co. NBT Bancorp's Scott A. Kingsley bought 1,000 shares for $36,800 after the company posted downbeat earnings. PBF Energy's 10% owner acquired 12,200 shares for approximately $535,133, amidst a downgrade from Piper Sandler. Insider trading can be a signal for potential investment opportunities but should not be the sole decision factor.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 11:30 am

FLYW

Flywire shares have risen following an upgrade from Morgan Stanley, changing their rating from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:24 am

MGRC

WSC

WillScot Mobile Mini has agreed to acquire McGrath RentCorp for $3.8 billion, causing McGrath RentCorp's shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:20 am

ZIM

ZIM Integrated Shipping Services' stock is trading higher following an upgrade from Hold to Buy by Jefferies, which also increased the price target from $14 to $20.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 11:09 am