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MBLY

Mobileye Global Inc. (NASDAQ:MBLY) shares rose on Monday after announcing production design wins from a major Western automaker for automated driving solutions in 17 vehicle models. The technology will be featured in both internal combustion and electric vehicles, with a rollout expected in 2026. Mobileye's CEO highlighted the milestone in automated driving development. Despite a tough previous week and a sell-off after preliminary 2023 financial results and 2024 guidance, the stock was up 2.95% at $31.39. Raymond James analyst Brian Gesuale maintained an Outperform rating but lowered the price target from $48 to $40.

Portfolio Pulse from Ryan Gustafson

January 08, 2024 | 8:48 pm

BONEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a decline of over 10% in the past week amid reduced transaction activity and burn rates. The Shib team is encouraging investors to purchase Shibarium NFTs to increase transactions. A new whale withdrew 546 million SHIB from Binance, and the burn rate has decreased by 91.2% in the last 24 hours. Despite the weekly drop, SHIB is up 1.9% in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

January 08, 2024 | 8:22 pm

FI

KeyBanc analyst Alex Markgraff upgraded Fiserv, Inc (NYSE:FI) to Overweight with a $160 price target, citing optimism for robust growth in merchant solutions. Markgraff's analysis suggests that the payments and FinTech sectors are trading at significant discounts, and he sees potential for Fiserv's revenue and profitability to exceed market expectations. The analyst highlights Clover and Carat's performance as drivers for potential estimate revisions and views the company's balanced spend base as defensively positioned. Markgraff's Q4 revenue projection for Fiserv is $2.52 billion, with an EPS of $0.97, which is below the consensus of $4.69 billion in revenue and $2.15 EPS. Fiserv's stock traded higher by 1.53% to $134.60 following the upgrade.

Portfolio Pulse from Anusuya Lahiri

January 08, 2024 | 8:11 pm

EFX

Equifax's stock (EFX) is trading higher following an upgrade from B of A Securities, which changed its rating from Underperform to Buy and increased the price target from $164 to $300.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:10 pm

GPN

Global Payments Inc.'s stock (GPN) is trading higher following an increase in price target by KeyBanc from $135 to $155.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:09 pm

OSK

Analysts have mixed opinions on Oshkosh (NYSE:OSK), with recent ratings ranging from bullish to bearish. The average 12-month price target is $112.6, with a high of $122 and a low of $102. Analysts from Morgan Stanley, Stifel, Evercore ISI Group, JP Morgan, and Citigroup have updated their ratings and price targets. Oshkosh is a leading producer of access equipment, specialty vehicles, and military trucks, with a focus on the electrification of U.S. postal vehicles. The company's financial performance shows strong revenue growth and net margin, but a lower ROE compared to industry averages.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 8:01 pm

BEN

Franklin Resources (NYSE:BEN) received mixed analyst ratings in the latest quarter, with 3 indifferent and 1 somewhat bearish. The average 12-month price target is now $27.0, up from $24.33. Analysts from Wells Fargo, TD Cowen, Morgan Stanley, and Deutsche Bank have adjusted their price targets and ratings. Franklin had $1.335 trillion in managed assets as of October 2023. The company's financial performance shows below industry average market capitalization, revenue growth, net margin, ROE, and ROA, but a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 8:00 pm

KMT

Four analysts have recently updated their ratings on Kennametal (NYSE:KMT), with two maintaining an indifferent stance, one somewhat bearish, and one bearish. The average 12-month price target for KMT is now $24.75, down from the previous $28.00. Analysts from Morgan Stanley, Barclays, Goldman Sachs, and JP Morgan have adjusted their price targets and ratings, reflecting a cautious to negative outlook on the company's performance. Kennametal's financial indicators show a negative revenue trend, below-average net margin, ROE, and ROA, but a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 8:00 pm

HOOD

Robinhood Markets' stock (HOOD) is trading higher after Keybanc maintained an Overweight rating and increased its price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:36 pm

EFX

BofA Securities analyst Heather Balsky upgraded Equifax Inc (NYSE:EFX) from Underperform to Buy and increased the price target from $164 to $300. The upgrade is based on the expectation of positive EPS revisions due to potential increases in mortgage originations and inquiries as interest rates ease. Equifax's stock has already risen 40% since the November 1 Fed meeting, and the analyst believes there is room for further growth. The new price target assumes an expansion of the earnings multiple from 21x to 27x, reflecting increased investor focus on the company's profitability potential for 2025. The Structured Finance team at BofA anticipates mortgage rates to drop from over 7% in 2023 to 6.0% by the end of 2024, which could lead to a 16-18% rise in originations. Equifax's USIS cloud transformation is also expected to contribute to wallet share gains over the next two years.

Portfolio Pulse from Shivani Kumaresan

January 08, 2024 | 7:10 pm