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Stock Prices

CLFD

Roth MKM has maintained its Buy rating for Clearfield (NASDAQ:CLFD) but reduced its price target from $49.00 to $47.00. Clearfield's shares are currently trading at $25.56, and the new price target suggests a potential upside of 83.88%. Clearfield designs, manufactures, and distributes fiber optic management products and has a global presence, with most revenue coming from the U.S.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:00 pm

INTC

Goldman Sachs has reaffirmed its Sell rating on Intel Corporation (NASDAQ:INTC) but increased its price target from $34.00 to $39.00. Despite the raised target, the new price still suggests a potential downside of 9.9% from Intel's current share price of $43.28. Intel is a major chipmaker, leading in the PC and server CPU markets and expanding into new areas like automotive and IoT. The company is also moving towards an outsourced foundry model.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:00 pm

BABA

MCHI

China's proposed $278 billion stimulus to rescue its markets may not be effective, with fears of social unrest and a comparison to the US 2008 recession. The iShares MSCI China ETF (MCHI) is down 4% this year and 37% since inception. Alibaba (BABA) lost 38% in value over the past year. CITIC Securities restricted short selling, and China plans to inject funds into markets via Hong Kong. China's debt-to-GDP ratio hit a record 286%, and there's skepticism about the stimulus' effectiveness and concerns about global contagion risks.

Portfolio Pulse from Caleb Naysmith

January 29, 2024 | 5:00 pm

RJF

Morgan Stanley has maintained its Equal-Weight rating on Raymond James Financial (NYSE:RJF) and increased its price target from $106.00 to $113.00. RJF's shares are currently trading at $113.22, which is slightly above the new target. Raymond James Financial is a financial holding company with over $1.2 trillion in assets under administration as of September 2023, primarily in the U.S. and within its wealth-management segment.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:00 pm

TFII

RBC Capital analyst Walter Spracklin has reiterated an Outperform rating on TFI International (NYSE:TFII) and maintained a price target of $155. The reaffirmation of the positive outlook and price target suggests confidence in the company's performance and potential for stock appreciation.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 4:59 pm

BE

Bloom Energy Corp (NYSE:BE) shares dropped after BofA Securities analyst Julien Dumoulin-Smith downgraded the stock from Neutral to Underperform and cut the price target from $16 to $10. The downgrade was due to low visibility into the company's orders and conversions, with revenue growth expected to be flat for 2023-2025. The company's recent change in COO and uncertainties regarding achieving FY23 targets and 2024 growth were also concerns. Additionally, potential risks to the hydrogen outlook could affect future sales, as per the analyst.

Portfolio Pulse from Priya Nigam

January 29, 2024 | 4:50 pm

CSCO

NVDA

Wall Street analyst Ed Yardeni compares Nvidia's (NVDA) current rally to Cisco's (CSCO) 1990s run, suggesting NVDA could have more upside before a potential crash. Nvidia's stock has surged 265% since ChatGPT's release, outpacing the S&P 500 Semiconductor Index. Yardeni notes the market's expectation of interest rate cuts as inflation seems under control, which could lead to a market melt-up. However, he warns of the risk of a speculative bubble similar to the dot-com era if the Fed cuts rates prematurely.

Portfolio Pulse from Piero Cingari

January 29, 2024 | 4:41 pm

GMDA

Gamida Cell's stock is trading higher following the company's announcement that it is actively seeking strategic alternatives, which could include a sale, merger, or other business combination.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 4:34 pm

UBS

Two key shareholders of UBS Group AG have expressed concerns about the bank's size and potential regulatory issues. They are worried that the bank's scale could lead to increased scrutiny and regulatory challenges, which may affect its operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 4:26 pm

GM

Auto dealers are expressing a strong interest in hybrid vehicles to General Motors (GM), indicating a demand for a broader mix of powertrains amidst the industry's push towards electric vehicles. This demand suggests that consumers are still interested in hybrid options, which could influence GM's production and sales strategies.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 4:22 pm