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YETI

Canaccord Genuity analyst Brian McNamara has downgraded YETI Holdings (NYSE:YETI) from Buy to Hold while increasing the price target from $49 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:49 pm

UNFI

Wells Fargo analyst Edward Kelly has downgraded United Natural Foods (UNFI) from Equal-Weight to Underweight and set a new price target of $15.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:48 pm

PZZA

Stifel analyst Chris O'Cull has downgraded Papa John's International (PZZA) from Hold to Sell and set a price target of $65. This suggests a bearish outlook on the stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:40 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) is experiencing a cautious rebound in premarket trading with a 0.60% rise to $239.87 after a 4% drop. The rebound follows positive fourth-quarter delivery data and updated analyst price targets, such as Jefferies' increase from $210 to $255. Fund manager Gary Black remains optimistic, expecting an increase in core auto margin in the upcoming Q4 results on Jan. 24, 2024. Ark Investment, led by Cathie Wood, purchased over $25 million in Tesla shares during the recent dip. Tesla's stock is anticipated to stay range-bound until the Q4 results are released.

Portfolio Pulse from Shanthi Rexaline

January 04, 2024 | 12:40 pm

IGT

Jefferies analyst David Katz has downgraded International Game Technology (IGT) from Buy to Hold and reduced the price target from $36 to $29, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:39 pm

CAG

Conagra Brands has revised its FY24 guidance, expecting a decrease in organic net sales by 1.0%-2.0%, contrasting with the prior forecast of 1% growth. The company also adjusted its EPS projection to $2.60-$2.65, down from the previous estimate of $2.70-$2.75, which is below the analyst consensus of $2.67.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:37 pm

RKT

JP Morgan analyst Richard Shane has downgraded Rocket Companies (NYSE:RKT) from Neutral to Underweight while increasing the price target from $8.5 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:37 pm

CYBN

Cybin Inc. (NYSE:CYBN) reported positive Phase 2 results for its CYB003 deuterated psilocybin analog program for treating major depressive disorder (MDD), with a 79% remission rate at six weeks after two doses. The results show significant improvements over current SSRIs and other psychedelics, with plans to initiate a Phase 3 trial in early 2024. Cybin also plans to start a Phase 2 trial for CYB004 in generalized anxiety disorder (GAD) and has patents protecting its compounds until at least 2041.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:35 pm

STT

B of A Securities analyst Ebrahim Poonawala downgraded State Street (NYSE:STT) from Neutral to Underperform while maintaining an $81 price target.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:35 pm

WEC

B of A Securities analyst Julien Dumoulin-Smith downgraded WEC Energy Group (NYSE:WEC) from Neutral to Underperform and reduced the price target from $84 to $78, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:32 pm