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COOP

Mr. Cooper Group has announced the appointment of Mike Weinbach as President, effective February 1, 2024. This strategic leadership change is expected to guide the company through its next phase of growth and operational development.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 9:00 pm

PRTA

Prothena Corp (NASDAQ:PRTA) has been reviewed by 5 analysts over the past three months, with ratings ranging from bullish to somewhat bullish. The average 12-month price target is $97.6, with a high of $129.00 and a low of $62.00, reflecting a 7.92% decrease from the previous average. Analysts from firms including Cantor Fitzgerald, Deutsche Bank, and JMP Securities have adjusted their ratings and price targets. Prothena's financials show a significant revenue growth rate of 5494.33% as of September 30, 2023, a net margin of 25.81%, an ROE of 3.65%, an ROA of 2.99%, and a low debt-to-equity ratio of 0.02.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 9:00 pm

WFC

Wells Fargo (NYSE:WFC) has seen a significant surge in options activity, with a total of 29 unusual trades detected by Benzinga's options scanner. The sentiment among these large investors is nearly evenly split but leans slightly bearish, with 23 puts and 6 calls traded. The puts total $1,895,589, while calls amount to $204,964. The predicted price range for WFC over the next three months is $35.0 to $55.0. The stock is currently trading at $49.2, down by -1.45%, with an RSI suggesting it may be approaching overbought territory. Earnings are expected in 3 days. Analysts have mixed opinions, with price targets ranging from $51 to $66. Deutsche Bank downgraded WFC to Hold, Odeon Capital upgraded it to Buy, Baird downgraded it to Neutral, and Barclays maintained an Overweight rating.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:15 pm

VRTX

16 analysts have recently provided ratings on Vertex Pharmaceuticals (NASDAQ:VRTX), with an average 12-month price target of $383.0, a high of $415.00, and a low of $347.00. The current average price target represents a 3.42% increase from the previous average of $370.33. Analysts' actions include maintaining, raising, and lowering ratings and price targets, reflecting their views on the company's performance. Vertex Pharmaceuticals is a biotech company with a focus on cystic fibrosis drugs and a diversifying pipeline. Financially, Vertex has a market cap above industry average, a revenue growth rate of 6.39%, a net margin of 41.69%, an ROE of 6.47%, an ROA of 4.92%, and a low debt-to-equity ratio of 0.05.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:01 pm

EXPD

Analysts have provided varying ratings for Expeditors Intl (NYSE:EXPD) over the last quarter, with a consensus of 'Somewhat Bearish' over the past 30 days. The average 12-month price target is $103.8, down from the previous $105.60. Analysts from firms including JP Morgan and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Expeditors Intl, a non-asset-based logistics provider, has seen a significant revenue decline of -49.8% as of September 30, 2023, but maintains strong net margin and ROE figures.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

ON

ON Semiconductor Inc. (NASDAQ:ON) shares fell 1.19% in the current session to $77.01, reflecting a 1.76% decrease over the past month, despite a 19.16% increase over the past year. The company's P/E ratio is lower than the industry average, suggesting potential undervaluation or weaker growth prospects. Investors are advised to consider P/E ratios alongside other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

MBUU

Malibu Boats (NASDAQ:MBUU) has received mixed ratings from 5 analysts in the past three months, with 3 bullish and 2 somewhat bullish ratings. The average 12-month price target is now $57.0, down from $60.40, with a high estimate of $62.00 and a low of $50.00. Analysts from Truist Securities, Raymond James, and Keybanc have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Malibu Boats is a leading boat manufacturer with recent acquisitions and in-house engine production. Despite a -15.35% revenue decline as of September 30, 2023, the company has strong financial health indicators such as a 7.92% net margin and a 3.3% ROE.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 8:00 pm

ABG

AN

RACE

BofA Securities analyst John Murphy selected Ferrari NV (RACE), Asbury Automotive Group Inc (ABG), and AutoNation Inc (AN) as top picks for 2024, citing luxury status, strong free cash flow, and a favorable position in the auto industry. The industry is expected to benefit from volume recovery and a new cycle in North America. Ferrari is praised for its brand value and luxury status, Asbury for its improved business structure and acquisition strategy, and AutoNation for its ability to maintain strong SG&A leverage. Key auto industry themes for 2024 include North American volume growth, EV market dichotomy, the impact of the U.S. election on clean vehicle transition, benefits from lower raw materials and transportation costs, and solid auto credit market despite rising delinquencies.

Portfolio Pulse from Shivani Kumaresan

January 09, 2024 | 7:50 pm

AEVA

Aeva Technologies Inc has filed a prospectus with the SEC, which pertains to the potential sale of 51.8 million shares of common stock by selling stockholders. The sales may occur from time to time, as per the filing.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:45 pm

EA

RBLX

TTWO

BMO Capital Markets released an industry primer with a positive outlook for the gaming sector in 2024, highlighting the growth potential of megahit titles and the expanding console market. The report emphasizes the importance of owning franchises like Electronic Arts Inc's EA Sports FC, Take-Two Interactive Software Inc's Grand Theft Auto, and Roblox Corp's Roblox, citing their strong positions and potential for revenue growth. The gaming industry has seen revenues double to $193 billion in 2023, with 3.4 billion gamers globally. BMO projects robust growth in the console market, particularly in the U.S., and recommends investing in companies with significant console game revenue like EA and Take-Two. The report also notes the evolution of business models and the dominance of megahit titles as key investment drivers. Roblox is highlighted for its unique platform and user retention beyond age 13, with expectations of improved monetization and cash flows.

Portfolio Pulse from Franca Quarneti

January 09, 2024 | 7:18 pm