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ICC INTL CANNABIS CORP by ICC Intl Cannabis Corp.

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Stocks That Hit 52-Week Lows On Friday

Wall Street Media Co. Inc Com

Global AI Inc

Truist Securities analyst Scot Ciccarelli maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Hold and raises the price target from $909 to $935.

Price Target

Analyst Ratings

COST

Truist Securities Maintains Hold on Costco Wholesale, Raises Price Target to $935

Truist Securities analyst Ryan MacDonald maintains Centene (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) with a Buy and lowers the price target from $89 to $84.

Truist Securities Maintains Buy on Centene, Lowers Price Target to $84

BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), a Chinese new energy vehicle (NEV) manufacturer, has officially entered the Omani automotive market, marking a significant step in its <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/12/42420450/chevron-upgrades-pasadena-refinery-supports-us-gulf-coast-fuel-supply-growth" rel="noreferrer noopener">expansion into the Gulf region</a>.
The company recently held a brand launch in Muscat, Oman, and opened three local stores, CnEV Post <a target="_blank" href="https://cnevpost.com/2024/12/13/byd-enters-oman-market/" rel="noreferrer noopener">reports</a>.
As part of this launch, BYD introduced five models to the Omani market: Han, Yuan Plus, Seal, Song Plus DM-i, and Qin Plus DM-i, all of which align with the country&#8217;s push for sustainable development under its Vision 2040.
The launch in Oman underscores BYD&#8217;s commitment to promoting green mobility and supporting the region&#8217;s transition to electric vehicles.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/12/42438591/teslas-china-sales-recover-model-y-accounts-for-over-60-of-november-sales" rel="noreferrer noopener">Tesla&#8217;s China Sales Recover, Model Y Accounts for Over 60% of November Sales</a>
AD Huang, general manager of BYD Middle East &amp; Africa, highlighted the alignment between the company&#8217;s goals and Oman&#8217;s sustainability objectives, according to the CnEV Post report.
In other news, BYD is reportedly on track to achieve a major sales milestone, with the company forecasting 4.25 million units sold in 2024.
This suggests that the company is on pace to sell around 500,000 vehicles in December, <a target="_blank" href="https://cnevpost.com/2024/12/13/byd-on-track-sell-4-25-million-cars-2024/" rel="noreferrer noopener">CnEV </a>Post adds.
In November, BYD sold 506,804 NEVs, marking its second consecutive month of over 500,000 units sold.
Year-to-date, BYD&#8217;s cumulative sales reached 3.76 million units, reflecting a 40% year-on-year growth.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42405564/tim-kuniskis-to-return-to-lead-ram-trucks-days-after-stellantis-ceos-departure-report" target="_blank" rel="noreferrer noopener">Tim Kuniskis To Return To Lead Ram Trucks Days After Stellantis CEO&#8217;s Departure: Report</a></li>
</ul>
Image via Shutterstock.

Equities

Media

BYDDF

BYDDY

Tesla Rival BYD Enters Omani Market, Launches Five EV Models As Part Of Gulf Expansion: Report

Barclays analyst Karen Short maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Equal-Weight and raises the price target from $850 to $940.

Barclays Maintains Equal-Weight on Costco Wholesale, Raises Price Target to $940

Truist Securities analyst William Stein maintains Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a Buy and raises the price target from $205 to $245.

AVGO

Truist Securities Maintains Buy on Broadcom, Raises Price Target to $245

Keybanc analyst Jackson Ader downgrades ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) from Overweight to Sector Weight.

Downgrades

Keybanc Downgrades ServiceNow to Sector Weight

DRDBU

Trading Halt: Halt status updated at 10:10:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Barclays analyst Tim Long maintains Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) with a Overweight and raises the price target from $67 to $97.

CIEN

Barclays Maintains Overweight on Ciena, Raises Price Target to $97

Morgan Stanley analyst Joseph Moore maintains Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a Overweight and raises the price target from $180 to $233.

Morgan Stanley Maintains Overweight on Broadcom, Raises Price Target to $233

<ul>
<li>AVGO</li>
<li>TSLA</li>
<li>NVDA</li>
<li>ACHR</li>
<li>AMD</li>
<li>QQQ</li>
<li>PLTR</li>
<li>GOOG</li>
<li>MSTR</li>
<li>LOT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

ACHR

GOOG

MSTR

NVDA

PLTR

TSLA

Top 10 Trending Stocks On WallStreetBets As Of December 13, 2024 (Via Swaggy Stocks)

Keybanc analyst Jackson Ader downgrades ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) from Sector Weight to Underweight.

Keybanc Downgrades ZoomInfo Technologies to Underweight

ATIF

ATIF Holdings Shares Resumed Trade

Keybanc analyst Jackson Ader downgrades Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) from Overweight to Sector Perform.

MNDY

Keybanc Downgrades Monday.Com to Sector Perform

Morgan Stanley analyst Simeon Gutman maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Equal-Weight and raises the price target from $310 to $435.

Morgan Stanley Maintains Equal-Weight on RH, Raises Price Target to $435

Barclays analyst Andrew Mok maintains Centene (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) with a Overweight and raises the price target from $91 to $93.

Barclays Maintains Overweight on Centene, Raises Price Target to $93

<a href="https://www.benzinga.com/24/12/42466993/bitcoin-miners-embrace-microstrategys-playbook-the-rise-of-btc-yield-strategies">Bitcoin mining company</a> Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) on Friday announced the acquisition of 5,117 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for $510 million.
The <a href="https://x.com/RiotPlatforms/status/1867570759704420356">purchase</a>, funded through the net proceeds of the company's recent $525 million, 0.75% coupon convertible bond issuance, was made at an average price of $99,669 per Bitcoin, inclusive of fees and expenses.
The recently announced private offering, set to mature in 2030 with a 0.75% interest rate, is intended to support further Bitcoin purchases and general corporate initiatives.
After deducting expenses, the offering generated approximately $511.5 million in net proceeds. 
It includes terms allowing conversion into common stock beginning in 2029, with provisions for earlier conversion under certain circumstances.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42484078/bitcoin-to-hit-160000-by-2025-for-these-3-reasons-report">Bitcoin To Hit $160,000 By 2025 For These 3 Reasons: Report</a>
Additionally, the company recently purchased 705 Bitcoin for $68.45 million.
This strategic acquisition increases Riot's total Bitcoin holdings to 16,728 BTC, which are now valued at approximately $1.68 billion, based on Bitcoin&#8217;s current market price of $100,303. 
The company has solidified its position as one of the largest institutional Bitcoin holders in the mining sector.
Riot's latest purchase underscores its aggressive accumulation strategy amidst a volatile market. 
Data from Arkham Intelligence <a href="https://intel.arkm.com/explorer/entity/riot-platforms">reveals</a> that Riot now holds 12,198 Bitcoin valued at approximately $1.2 billion, making it the second-largest Bitcoin holder among publicly listed mining companies.
Marathon Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) continues to lead the sector, with over <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42318716/bitcoin-surge-powers-riot-marathon-into-golden-cross-territory-are-crypto-bulls-back">40,000 Bitcoin in its reserves</a>, according to data from Bitbo.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42480856/donald-trump-pledges-to-do-something-great-with-crypto-heres-what-hes-done-so-far">Donald Trump Pledges To &#8216;Do Something Great With Crypto&#8217;—Here&#8217;s What He&#8217;s Done So Far</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

MARA

RIOT

Riot Platforms Acquires 5,117 Bitcoin For $510Million

WIIM

SNES

SenesTech shares are trading higher after HC Wainwright & Co. raised its price target on the stock from $3.5 to $10.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel analyst Dae Gon Ha downgraded the rating for Editas Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDIT#NASDAQ">EDIT</a>) from Buy to Hold and lowered the price target from $11 to $3. Editas Medicine shares closed at $1.89 on Thursday. See how other analysts view this stock.</li>
<li>Mizuho analyst Siti Panigrahi downgraded the rating for RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Outperform to Neutral and maintained the price target of $42. RingCentral shares closed at $41.35 on Thursday. <a href="https://www.benzinga.com/quote/RNG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Michael Rehaut downgraded Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) from Overweight to Neutral and lowered the price target from $166 to $150. Toll Brothers shares closed at $138.46 on Thursday. <a href="https://www.benzinga.com/quote/TOL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird analyst Michael Halloran downgraded the rating for Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) from Outperform to Neutral and slashed the price target from $294 to $237. Nordson shares closed at $229.11 on Thursday. <a href="https://www.benzinga.com/quote/NDSN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Brandt Montour downgraded Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) from Overweight to Equal-Weight and maintained the price target of $49. Viking Holdings shares closed at $46.18 on Thursday. <a href="https://www.benzinga.com/quote/VIK/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TOL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-1024x586.png" alt="" class="wp-image-691577" style="width:656px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117.png 1131w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42460676/jim-cramer-amd-ceo-lisa-su-built-an-amazing-company">Jim Cramer Says This CEO &#8216;Built An Amazing Company,&#8217; Recommends Buying Netflix</a></li>
</ul>

EDIT

NDSN

This Toll Brothers Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

VCI Global Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) shares surged after it announced plans to develop and acquire 100 MW of solar PV projects across Southeast Asia and Europe over five years, aiming to generate <a target="_blank" href="https://www.benzinga.com//node/42483240" rel="noreferrer noopener">$200 million in revenue over two decades.</a>
The company will source 70% of the 100 MW from Malaysia, leveraging the Corporate Renewable Energy Supply Scheme (CRESS) to power its data center, boosting energy independence and sustainability.
With data centers projected to consume 16% of U.S. power by 2030, solar energy combined with battery storage offers a sustainable solution that aligns with global renewable goals. This initiative enhances VCI Global&#8217;s strategy to integrate clean energy into its operations and growth plans.
In parallel, VCI Global plans to seek to acquire solar farms in Eastern and Southeastern Europe, targeting 30 MW of solar capacity in these expanding markets.&nbsp;
The company expects the total investment required for these solar initiatives to be $50 million over five years, with an expected annual revenue of approximately $10 million over the next 20 years.
&#8220;In 2025, renewables will become the largest source of electricity generation. By 2028, renewable energy sources will account for over 42% of global electricity generation, with the share of wind and solar PV doubling to 25%. At the same time, the explosive growth of AI has created an unprecedented demand for power,&#8221; stated Dato&#8217; Victor Hoo, Group Executive Chairman and CEO of VCI Global.
Recently, VCI Global received a conditional letter of award valued at approximately $24 million for its proposed data <a target="_blank" href="https://www.benzinga.com/news/24/11/42218314/why-vci-global-vcig-stock-is-up-90-today" rel="noreferrer noopener">center project in Enstek City, Malaysia.</a>
Price Action: VCIG shares are trading higher by 26.7% at $2.04 at the last check Friday.
Photo via Shutterstock.

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VCI Global Bets Big On Solar: $50 Million Investment Targets 100 MW Across Asia and Europe

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