Streetbeat News

Stock Prices

DFS

Piper Sandler analyst Kevin Barker has upgraded Discover Financial Services (NYSE:DFS) from Neutral to Overweight and increased the price target from $104 to $129.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:42 pm

PNM

Wells Fargo analyst Anthony Crowdell has upgraded PNM Resources (NYSE:PNM) from Equal-Weight to Overweight and set a price target of $44.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:40 pm

BKNG

RYAAY

Ryanair Holdings PLC (NASDAQ: RYAAY) stock is trading lower after the company reported its December data, which included a 9% increase in guest count but a 1 percentage point decrease in load factor year-over-year. The company also announced that its flights were removed from several OTA websites, including Booking Holdings Inc. (NASDAQ: BKNG) platforms, due to regulatory pressures. This removal is expected to reduce short-term load factors by 1-2% in December and January and weaken yields. Ryanair plans to lower fares to mitigate the impact and does not anticipate a material effect on its FY24 traffic or profit after tax (PAT) guidance. RYAAY shares dropped 3.16% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 03, 2024 | 12:39 pm

AAPL

HNHPF

NVDA

Barclays downgraded Apple (NASDAQ:AAPL), leading to a share price drop for its suppliers. Taiwan Semiconductor Manufacturing Company (TSMC) and Foxconn (OTC:HNHPF) saw declines of over 2% and 1.33%, respectively. The downgrade was based on anticipated weak demand for future iPhone models. Despite this, some experts predict strong growth for Apple's suppliers, and UBS maintains a buy rating on TSMC with a lowered price target. Apple's services business could also be affected by legal and regulatory decisions in 2024.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 12:38 pm

AGFY

Agrify Corporation reported a significant decline in revenue for Q3 FY23, posting $3.1 million compared to $7 million in Q3 FY22. The company also reported a loss per share (EPS) of $(1.27).

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:37 pm

XPOF

Piper Sandler analyst Peter Keith has downgraded Xponential Fitness (NYSE:XPOF) from Overweight to Neutral and reduced the price target from $21 to $13.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:34 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has been granted a patent for a new feature for the Vision Pro's external display, which could show what the wearer is seeing or other animations. This innovation comes amid rumors of a display overhaul for the Vision Pro 2 and the anticipated launch of the $3,500 Vision Pro headset in the last week of January, earlier than expected.

Portfolio Pulse from Rounak Jain

January 03, 2024 | 12:32 pm

CMG

Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Chipotle Mexican Grill (NYSE:CMG) and increased the price target from $1885 to $2246.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:28 pm

ABVC

ABVC BioPharma and its subsidiary have received a $460 million milestone payment from AiBtl BioPharma as part of global licensing fees. This significant financial inflow could impact ABVC's short-term financial position and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 12:26 pm

SFWL

SOAR

TPCS

The article highlights three industrials sector stocks that are considered oversold based on their Relative Strength Index (RSI) values, which are near or below 30. Shengfeng Development Limited (SFWL) has seen its stock fall 80% over the past month with an RSI of 24.39. Volato Group, Inc. (SOAR) expanded its fleet and saw its stock fall 55% over the past month with an RSI of 28.66. TechPrecision Corporation (TPCS) acquired Votaw Precision Technologies, doubling its revenue and EBITDA, and its stock fell 13% over the past month with an RSI of 29.26.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 12:20 pm