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TDY

Teledyne Technologies (NYSE:TDY) received varied analyst ratings over the past quarter, with 4 bullish ratings. The average 12-month price target is $481.75, up from $455.00, with a high estimate of $522.00 and a low of $455.00. James Ricchiuti of Needham raised the target from $455.00 to $522.00 and maintained a 'Buy' rating. Teledyne's revenue grew by 2.85% as of September 30, 2023, with a net margin of 14.16% and an ROE of 2.3%. The company has a low debt-to-equity ratio of 0.37, indicating prudent financial management.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 12:00 pm

ADI

Analog Devices (NASDAQ:ADI) has been the subject of diverse analyst ratings over the past three months, with 9 analysts offering ratings from bullish to bearish. The average 12-month price target is $204.0, a slight increase from the previous $201.75. Analysts from firms including Oppenheimer, Piper Sandler, Susquehanna, UBS, Truist Securities, and Morgan Stanley have adjusted their ratings and price targets, reflecting their current views on the company's performance. Analog Devices faces challenges with a revenue decline of -16.36% as of October 31, 2023, and below-average net margin and ROE compared to industry peers. However, the company has a sound financial structure with a low debt-to-equity ratio of 0.2.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 12:00 pm

TRNR

Interactive Strength has filed a prospectus related to the potential resale of up to 12.5 million shares of common stock by a selling stockholder, as indicated in their S-1 filing.

Portfolio Pulse from Charles Gross

December 22, 2023 | 11:34 am

AAPL

Apple Inc. (AAPL) has seen its market value increase by nearly $1 trillion this year, but analysts predict challenges in sustaining this growth in 2024. Factors such as China's crackdown on foreign devices, competition from Huawei, and a potential U.S. ban on Apple's smartwatch business could pose threats. Despite these concerns and stretched valuations, Apple's stock rose by 50% this year. Analysts warn of potential money rotation to other names due to higher valuations and slower growth. Yet, some, like Daniel Ives from Wedbush Securities, remain bullish, predicting a $4 trillion market value by the end of next year.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 10:38 am

TTE

TotalEnergies (TTE) has agreed to sell a 25.5% equity stake in the Seagreen Offshore Wind Farm to Thailand's PTTEP for £522 million ($689 million).

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:34 am

EWU

U.K. business investment for Q3 has been reported at -3.2%, which is better than the estimated -4.2%, but still a decline from the previous quarter's revised figure of 1.4%.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 7:19 am

NCPL

Netcapital has priced a public offering of 16 million common shares and Series A warrants at $0.25 per share. The Series A-1 Warrants are exercisable at the same price and will expire in five years, pending stockholder approval. The offering is expected to close on December 27, 2023, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 7:06 am

GFI

Gold Fields Limited (GFI) has announced its intention to acquire additional shares of Galiano Gold as it disposes of its interest in the Asanko Gold Mine. This strategic move will alter Gold Fields' investment in Galiano Gold, although specific details regarding the number of shares or the timeline were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 6:55 am

TSLA

Elon Musk, a prominent supporter of Dogecoin, stated in an interview with Ark Funds CEO Cathie Wood that he doesn't spend much time thinking about cryptocurrency. Musk was asked about Bitcoin, which he discussed less than other topics. Cathie Wood emphasized the importance of rules-based cryptocurrencies like Bitcoin. Musk's comments are significant as Tesla Inc. previously added Bitcoin to its balance sheet, a move that validated the cryptocurrency. Musk also mentioned that X has obtained financial payment licenses in over half the states, with a goal to secure all states by mid-2024.

Portfolio Pulse from Chris Katje

December 22, 2023 | 12:34 am

AA

ABAT

NUE

Alcoa Corporation appoints Matt Reed as new EVP and COO, effective Jan. 1, 2024, to lead global operations. Bank of America analyst Lawson Winder raises Alcoa's price target to $36 with a neutral rating. American Battery Technology Company announces a positive initial assessment for its Tonopah Flats Lithium Project, estimating a resource of 18.03 million tons of lithium hydroxide monohydrate and a net present value of $4.41 billion. Nucor Corp's COO, David Sumoski, exercises stock options for 28,768 shares, totaling $3,727,182.

Portfolio Pulse from Austin DeNoce

December 21, 2023 | 10:33 pm