Midday movers: Diamondback Energy rises, Arm goes parabolic

Rivian Automotive Inc (RIVN) PT Lowered to $16 at Deutsche Bank, 'We now see further downside risk'

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $16.00 (from $19.00) while maintaining a Hold rating.

The analyst comments "We downgraded RIVN from Buy to Hold last month, primarily on concerns around the execution risk to achieve 2024 volume and profitability expectations, but now believe Rivian may also be wrestling with large demand... More

Gilead Sciences (GILD) PT Lowered to $75 at RBC Capital

RBC Capital analyst Brian Abrahams lowered the price target on Gilead Sciences (NASDAQ: GILD) to $75.00 (from $76.00) while maintaining a Sector Perform rating.

The analyst comments "We had the opportunity to sit down with GILD's mgmt to catch up further on their quarter and... More

Home Depot (HD) and Lowe's Cos. (LOW) Trading Lower, Said to Receive Comments from Channel Check Boutique

Home Depot (NYSE: HD) and Lowe's Cos. (NYSE: LOW) Trading Lower, Said to Receive Comments from Channel Check Boutique.

KeyBanc on Big Lots (BIG): 'we believe the consumer backdrop remains a risk in the NT'

KeyBanc analyst Bradley Thomas reiterated a Sector Weight rating on Big Lots (NYSE: BIG).

The analyst comments "This morning, BIG provided preliminary commentary on 4Q results, noting that comps, gross margin, operating expenses, and inventory were expected to be in line with guidance.... More

Rivian Automotive (RIVN) cut at Barclays as technology not enough to avoid EV winter

Barclays downgraded shares of electric vehicle company Rivian Automotive (NASDAQ: RIVN) to Equal-Weight from Overweight in a note Monday, lowering the stock price target to $16 from $25 per share.

Analyst Dan Levy told investors that their downgrade is based on three factors, with the first being that the company has a... More

Citigroup (C) shares dip on report of new Fed demands to fix risk control

Citigroup (NYSE: C) shares are down Monday after reports stated U.S. regulators have asked the bank for urgent changes regarding its process for measuring the default risk of its trading partners.

In addition, Reuters stated that the bank's own auditors feel a... More