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DTE

DTE Energy has provided its FY24 operating EPS guidance, projecting $6.54-$6.83, which is an increase from its FY23 guidance of $6.09-$6.40. This projection is also higher than the FY23 consensus estimate of $5.85 and aligns with the FY24 consensus of $6.62.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:03 pm

ALNY

Alnylam Pharmaceuticals (NASDAQ:ALNY) has received 19 analyst ratings in the last quarter, with an average price target of $246.53, representing an upside from the current price of $177.3. The ratings are predominantly bullish, with 8 bullish, 6 somewhat bullish, and 5 indifferent ratings. The current average price target has decreased slightly by 0.99% from the previous target of $249.00. Analysts typically review stocks each quarter and their ratings are based on company performance, financial analysis, and market conditions.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 12:00 pm

AAPL

FXCOF

Apple Inc. (AAPL) and its suppliers, including Foxconn Technology Co., Ltd. (FXCOF), plan to manufacture over 50 million iPhones annually in India within the next two to three years. This move is expected to account for 25% of global iPhone production. The expansion includes a new Foxconn facility in Karnataka, set to begin operations in April, and a partnership with Tata Group for one of India's largest iPhone assembly plants. The developments aim to diversify production outside of China and increase market share.

Portfolio Pulse from Nabaparna Bhattacharya

December 08, 2023 | 12:00 pm

DECK

Citigroup analyst Paul Lejuez has downgraded Deckers Outdoor (NYSE:DECK) from Buy to Neutral while increasing the price target from $665 to $710. This reflects a more cautious stance on the stock despite the raised target.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:59 am

BEAM

Jefferies analyst Michael Yee has downgraded Beam Therapeutics (NASDAQ:BEAM) from Buy to Hold and reduced the price target from $75 to $30, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:56 am

INVH

Invitation Homes has declared a regular quarterly cash dividend of $0.28 per share on its common stock, marking a 7.7% increase from the previous dividend. The dividend is scheduled to be paid on or before January 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:56 am

MBI

Roth MKM analyst Harry Fong has downgraded MBIA Inc. (NYSE:MBI) from Buy to Neutral and set a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:54 am

AGRO

JP Morgan analyst Lucas Ferreira has downgraded Adecoagro (NYSE:AGRO) from Neutral to Underweight and reduced the price target from $11.5 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:52 am

CARR

HON

Honeywell International Inc. is set to acquire the Global Access Solutions business of Carrier Global Corporation for $4.95 billion in an all-cash transaction. The purchase price is equivalent to 13 times the estimated 2023 EBITDA for the business. The transaction is expected to close in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:51 am

DIS

META

Elon Musk's confrontational approach with boycotting advertisers, including a harsh comment directed at Disney's Bob Iger, may be having repercussions as Disney-owned ESPN's NBA insider Adrian Wojnarowski appears on Meta's Threads for a Q&A session. This move could signify a loss for Musk's platform, especially as he aims to focus on video streaming and sports content. Musk continues to criticize Iger, accusing him of mismanaging Disney, particularly in light of Meta's legal issues around child exploitation material.

Portfolio Pulse from Rounak Jain

December 08, 2023 | 11:50 am