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ALLY

COST

MDB

Insiders at Costco, Waste Management, MongoDB, and Ally Financial have recently sold shares of their companies. Costco's Daniel Hines sold 1,400 shares, while Tigress Financial maintains a Buy rating with a higher price target. Waste Management's Charles Boettcher sold 2,371 shares, with the company planning a dividend increase for 2024. MongoDB's Dwight Merriman sold 2,375 shares after reporting a 30% revenue increase year-over-year. Ally Financial's David Debrunner sold 3,750 shares, with Barclays raising the price target for the stock.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 12:46 pm

AMBA

DELL

EAT

GSK

GWW

KEY

MELI

ROK

SHW

Wall Street analysts have updated their price targets and ratings for several companies. Barclays raised Brinker International's target, while Evercore ISI Group boosted Regions Financial's target but downgraded the stock. Jefferies upgraded GSK and raised its target. Baird increased Sherwin-Williams' target but downgraded the stock. Bernstein raised Dell's target and maintained an Outperform rating. Oppenheimer increased Grainger's target. Citigroup raised MercadoLibre's target. UBS boosted Rockwell Automation's target and upgraded the stock. Keefe, Bruyette & Woods raised KeyCorp's target. Wells Fargo cut Ambarella's target and downgraded the stock.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 12:45 pm

BYDDF

BYDDY

TSLA

BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) surpassed Tesla, Inc. (NASDAQ:TSLA) in Q4 sales volume, sparking debates among social media users and Tesla enthusiasts. Elon Musk emphasized that Tesla is an AI/robotics company, not just a car manufacturer. Tesla fans argue that BYD's success is limited to China and lacks Tesla's technological edge, such as full-self-driving (FSD) software. Despite Tesla's Cybertruck not generating expected excitement, analysts are hopeful about Tesla's future, especially with the anticipated $25K model. Ark Invest maintains a $2,000 price target for Tesla by 2027, with robotaxi operations being a significant value driver.

Portfolio Pulse from Shanthi Rexaline

January 03, 2024 | 12:44 pm

CMCSA

DIS

PARA

SONY

WBD

Walt Disney Co (NYSE:DIS) fell to second place in global box office earnings in 2023, trailing behind Comcast Corp's (NASDAQ:CMCSA) Universal Pictures. Universal led with $4.907 billion from 24 films, while Disney earned $4.827 billion from 17 films. Disney's top releases did not reach the top three global releases and none surpassed the $1 billion mark for the first time since 2014, excluding pandemic years. High production costs affected profitability despite successes like 'Guardians of the Galaxy Vol. 3'. Warner Bros. Discovery, Inc (NASDAQ:WBD), Sony Group Corp (NYSE:SONY), and Paramount Global (NASDAQ:PARA) followed in earnings. DIS shares saw a slight increase of 0.29% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 12:43 pm

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