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OMGA

Omega Therapeutics has announced two poster presentations on liver inflammation and fibrosis at the American Association for the Study of Liver Diseases' (AASLD) The Liver Meeting 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:03 pm

EIS

SPY

UAL

United Airlines is planning to operate two additional flights between Athens and Newark, N.J., to assist Americans trying to return from Israel, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:01 pm

STLA

Stellantis shares are trading higher amid volatility in auto stocks due to the UAW strikes. The company and Samsung SDI have disclosed Kokomo, Indiana, as the second site for their electric vehicle battery manufacturing facility in the US.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 7:55 pm

ADBE

GOOG

GOOGL

MSFT

BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating on Adobe Inc. (ADBE), with a price target of $645.00. Bachman highlights Adobe's potential in the generative AI era and believes the company will focus more on new user adds and up-sell into the Creative Cloud. Adobe's freemium products, including Adobe Firefly and Adobe Express, are seen as expanding the potential user base. Adobe also announced expansions of partnerships, including with Alphabet Inc. (GOOG, GOOGL) Chromebook.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 7:54 pm

CROX

SBUX

Raising Cane’s Chicken Fingers is opening a new restaurant themed around Post Malone and the Dallas Cowboys. The restaurant, located in Dallas, will feature Post Malone memorabilia and the signature colors of the Cowboys. This follows Post Malone's previous collaboration with Crocs, Inc (NASDAQ:CROX) in 2018. Brands continue to leverage celebrity partnerships to boost awareness, as seen with the NFL's marketing to Taylor Swift fans and Starbucks Corp's (NADSAQ: SBUX) creation of Swift-themed playlists in its stores.

Portfolio Pulse from Aaron Bry

October 11, 2023 | 7:51 pm

AKRO

Akero Therapeutics Inc (NASDAQ:AKRO) reported a 36-week analysis of SYMMETRY, a 96-week Phase 2b study of efruxifermin (EFX) in patients with compensated cirrhosis due to nonalcoholic steatohepatitis (NASH). The drug was not statistically significant in improving liver scarring without worsening of NASH, causing shares to tumble. HC Wainwright has lowered the price target from $64 to $40, with a Buy rating.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 7:35 pm

TBLA

Benchmark analyst Mark Zgutowicz reiterated a Buy rating for Taboola.com Ltd (NASDAQ:TBLA) with a $6 price target. Taboola's new ad products, including Max Conversions, GenAI, and Data Marketplace 2.0, are expected to boost revenues. The company expects more than 50% of 2024 estimated revenue from Max Conversions. The Yahoo! integration has started to scale up with positive feedback from advertisers. The analyst projects Q3 revenue of $338.4 million vs. consensus $345.06 million.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 7:16 pm

TSLA

Tesla Inc. has reportedly chosen a European stainless steel producer to supply the material for its long-awaited Cybertruck, according to sources familiar with the matter. The name of the steel producer has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:15 pm

AAPL

Piper Sandler analyst Harish V. Kumar maintains an Overweight rating on Apple Inc (AAPL) with a price target of $220. According to Piper Sandler's Taking Stock with Teens Fall 2023 survey, Apple's share of smartphone ownership remains near record highs. The survey also shows strong results for Apple's other hardware metrics, with 34% of teens owning an Apple Watch and 72% owning AirPods. Kumar projects Q4 revenue of $88.89 billion and FY23 revenue of $382.67 billion.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 7:12 pm

AI

SHEL

Shell PLC (NYSE:SHEL) has expanded its collaboration with C3.Ai, Inc. (NYSE:AI) for predictive maintenance of control valves and critical equipment. The partnership allows Shell to allocate its engineers and data scientists to developing applications. The companies have been collaborating for five years. Shell has developed advanced models and application functionalities that anticipate maintenance needs. The partnership will also refine and streamline the offerings showcased in the Open AI Energy Initiative (OAI Energy) marketplace.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 6:48 pm