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GOOGL

Needham analyst Laura Martin has reiterated a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) and maintained a price target of $160.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:56 am

CKHUY

SCMWY

VOD

Vodafone Group Plc (VOD) stock is trading lower due to the UK antitrust regulator's investigation into its joint venture with CK Hutchison Holdings Ltd's Three UK. The CMA will assess the deal's impact on competition. Vodafone rejected Iliad SA's revised proposal to merge Italian operations, after previously dismissing an €11.25 billion offer. Vodafone reported a 4.3% revenue decline YoY and has completed 2,700 of 11,000 planned job cuts. VOD shares fell 3.50% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 31, 2024 | 10:48 am

EURN

Jefferies analyst Omar Nokta has downgraded Euronav (NYSE:EURN) from Buy to Hold and reduced the price target from $21 to $18, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:44 am

EGLE

Jefferies analyst Omar Nokta has downgraded Eagle Bulk Shipping (NYSE:EGLE) from Buy to Hold and set a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:42 am

CXDO

B. Riley Securities analyst Josh Nichols downgraded Crexendo (NASDAQ:CXDO) from Buy to Neutral but increased the price target from $4.5 to $6.75.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:37 am

SOFI

Morgan Stanley analyst Jeffrey Adelson has downgraded SoFi Technologies (SOFI) from Equal-Weight to Underweight and reduced the price target from $7 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:35 am

FBIN

BMO Capital analyst Ketan Mamtora has downgraded Fortune Brands (NYSE:FBIN) from Outperform to Market Perform while increasing the price target from $76 to $82.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:30 am

TSLA

Delaware Chancery Court Chief Judge Kathleen McCormick struck down Tesla CEO Elon Musk's $55 billion 2018 compensation plan, causing uncertainty among analysts and investors. The decision could lead to an appeal or a new compensation package. Analysts like Gary Black and Daniel Ives commented on the potential impacts, while Musk suggested Tesla might change its incorporation to Texas. Tesla's stock fell 3.35% in premarket trading following the news.

Portfolio Pulse from Shanthi Rexaline

January 31, 2024 | 10:17 am

MBUU

Keybanc analyst Noah Zatzkin has maintained an Overweight rating on Malibu Boats (NASDAQ:MBUU) but has reduced the price target from $58 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:17 am

CVLT

Keybanc analyst Thomas Blakey upgraded CommVault Systems (NASDAQ:CVLT) from Sector Weight to Overweight and set a price target of $109. This upgrade suggests a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:15 am