Streetbeat News

Stock Prices

BAC

Bank of America's stock (BAC) is trading lower following a downgrade from Odeon Capital from Buy to Hold, with a new price target of $33.9. Additionally, BMO Capital and Oppenheimer have also reduced their price targets for BAC.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:39 pm

SLG

Truist Securities analyst Michael Lewis has downgraded SL Green Realty (NYSE:SLG) from Buy to Hold while increasing the price target from $44 to $47.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:38 pm

ELS

Truist Securities analyst Anthony Hau has downgraded Equity Lifestyle Properties (ELS) from Buy to Hold while increasing the price target from $70 to $73.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:36 pm

AXNX

Truist Securities analyst David Rescott has downgraded Axonics (NASDAQ:AXNX) from Buy to Hold and reduced the price target from $73 to $71.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:34 pm

ADI

BDC

INTC

MCHP

NVDA

NXPI

TTMI

At CES 2023, Truist analyst William Stein expressed optimism after meetings with Nvidia, Intel, ON Semiconductor, and Analog Devices, despite recent negative updates from Microchip Technology and Mobileye. Stein's top picks include Buy-rated Nvidia, NXP Semiconductors, Belden, and TTM Technologies. The event highlighted AI innovation, with Nvidia leading in AI chip technology and announcing new GeForce GPUs and AI tools. Intel showcased its 14th-gen mobile processors. The semiconductor market is expected to benefit from AI expansion and sustainability efforts. Piper Sandler analyst Harsh V. Kumar noted market gains last week and mentioned Nvidia's plans for a China-specific chip and India's Yotta's investment in Nvidia's H100s and H200s. Microchip Technology reported a revenue decline due to excess inventory in industrial and automotive sectors.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 8:33 pm

NRGV

Roth MKM analyst Justin Clare has initiated coverage on Energy Vault Holdings (NYSE:NRGV) with a Buy rating and set a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:16 pm

Energy Transfer (NYSE:ET) has seen a significant decrease in short interest, with a 34.81% drop since the last report. The current short interest stands at 35.82 million shares, or 1.18% of float, with a short-covering time of 3.19 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the company's peers, which have an average short interest of 3.47% of float.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 8:15 pm

COP

ConocoPhillips (NYSE:COP) has experienced a 15.79% increase in short interest since the last report, with 13.04 million shares sold short, representing 1.1% of available shares. It would take about 2.71 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. ConocoPhillips has a lower short interest compared to its peer group average of 6.43%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 8:15 pm

FTNT

Fortinet (NYSE:FTNT) has seen a decrease in short interest, with the short percent of float dropping 18.03% since the last report. The company has 12.77 million shares sold short, representing 2.0% of available shares for trading. The current short interest suggests it would take 2.56 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Fortinet's short interest is below its peer group average of 4.20%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 8:15 pm

CHK

COP

CRK

CSAN

EQNR

EQT

EVA

SHEL

SLB

SWN

TTE

YPF

Energy company stocks are trading lower due to an increase in the value of the US dollar, which can make dollar-denominated commodities like oil more expensive for foreign buyers, potentially reducing demand.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:14 pm