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ENB

Enbridge's Mainline system is not expected to lose significant oil volume to the Trans Mountain Expansion. The company forecasts a 4.5 BCFD increase in gas production in Western Canada by 2040. CEO states there are no plans for business spinoffs and is optimistic about meeting Canada's oil growth with additional pipeline capacity without significant capital expenditure.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:20 pm

ARKK

ARKW

ROKU

Roku Inc (NASDAQ:ROKU) implemented a mandatory update requiring users to agree to new dispute resolution terms, including forced arbitration, causing user backlash. The update, enforced recently, made devices inoperable until users consented. Users criticized the process for opting out, which involves mailing a written notice. Despite this, Roku reported a 14% year-over-year revenue increase in Q4. The stock is also part of ARK Next Generation Internet ETF (NYSE:ARKW) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 5:14 pm

HR

Analysts have recently updated their ratings and price targets for Healthcare Realty Trust (NYSE:HR), showing a shift towards a more cautious outlook. Over the last three months, 4 analysts have provided ratings, with the latest consensus indicating 1 somewhat bullish and 3 indifferent stances. The average 12-month price target has been adjusted to $16.25, down from $19.00, reflecting a 14.47% decrease. This change is based on market conditions and company performance, including a -2.25% revenue decline and below-average profitability metrics such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:01 pm

FTRE

Fortrea Holdings (NASDAQ:FTRE) has received mixed analyst ratings over the past three months, with a current average price target of $38.75, reflecting a 7.64% increase from the previous target. Analysts from Deutsche Bank, Barclays, Jefferies, and Citigroup have provided varied ratings and price target adjustments based on market conditions and company performance. Fortrea, a contract research organization spun off from LabCorp, has shown a revenue growth of 1.85% but trails in net margin and ROE compared to industry averages. Its debt-to-equity ratio indicates higher financial risk.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:00 pm

WT

WisdomTree (NYSE:WT) has been evaluated by 4 analysts over the last three months, showing a shift towards more bullish sentiments. The average 12-month price target for WT has increased to $11.00, reflecting a 4.76% rise from the previous target of $10.50. WisdomTree, known for its diversified suite of ETFs and ETPs, has shown a positive revenue growth of 23.92% as of December 31, 2023, but faces challenges in net margin and ROE compared to industry averages. Its financial performance indicates strong asset utilization and prudent debt management.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:00 pm

OFIX

Orthofix Medical's shares surged following the announcement of Q4 revenue results surpassing expectations and the issuance of FY24 net sales guidance that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:53 pm

SPY

Fed Chair Powell stated that 12-month inflation is expected to continue declining. He emphasized that the current inflation readings are satisfactory and anticipates similar future trends. Powell also mentioned that the capital framework is considered appropriate.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:38 pm

PARA

At the Morgan Stanley Tech Conference, Paramount's CFO discussed strategies to enhance Paramount Plus, including focusing on international programming due to lower costs, using bundling to grow the subscriber base and reduce churn, and the potential for pricing adjustments. He noted that the majority of viewership on the streaming service is Hollywood content.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:34 pm

STLA

Stellantis announces a €5.6 billion investment in South America, the largest in the region's automotive industry, to support over 40 new products and develop decarbonization technologies. This investment aims to reinforce Stellantis' leadership, contribute to the Dare Forward 2030 carbon net zero objectives, and enhance clean, safe, and affordable mobility. The investment will also focus on Bio-Hybrid technologies, with the Betim, Brazil facility becoming a global center for this innovation. Stellantis aims to become a carbon net zero corporation by 2038.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:33 pm

THO

Thor Industries, Inc. (NYSE:THO) reported Q2 earnings and revenue below analyst expectations, with significant declines in North American RV sales and a slight increase in European RV sales. The company also reduced its FY24 revenue and EPS outlook, leading to an 11.15% drop in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 4:24 pm