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BABA

PDD

Alibaba Group Holding Limited (NYSE:BABA) is enhancing its merchant services on Alibaba.com with a new AI tool aimed at automating operations like email correspondence. The move comes as Alibaba faces competition from PDD Holdings Inc's (NASDAQ:PDD) Temu platform. Alibaba's international commerce has grown, but Morgan Stanley downgraded Alibaba from Overweight to Equal-Weight with a reduced price target, citing a slower turnaround and uncertainty from a cloud business spinoff withdrawal. Meanwhile, PDD is Morgan Stanley's top pick in China's e-commerce sector. BABA shares dropped 1.50% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 12:01 pm

NSC

In the last quarter, Norfolk Southern (NYSE:NSC) received 12 analyst ratings with an average 12-month price target of $216.75, a decrease from the previous target of $231.50. The ratings included 3 bullish, 2 somewhat bullish, and 7 indifferent, with no bearish or somewhat bearish ratings. Analysts consider company financials, conference calls, and insider communications to provide these ratings, which are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 12:00 pm

SPOT

Over the past 3 months, 16 Wall Street analysts have provided ratings on Spotify Technology (NYSE:SPOT), with an average 12-month price target of $187.44, a high of $210.00, and a low of $129.00. The distribution of ratings is 7 bullish, 6 somewhat bullish, and 3 indifferent. There have been no bearish ratings. The average price target has increased by 1.42% over the past month.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 12:00 pm

SPR

Spirit AeroSystems Hldgs (NYSE:SPR) has received 11 analyst ratings in the last quarter, with an average price target of $28.36, representing an implied upside from the current price of $27.55. The ratings include 2 bullish, 3 somewhat bullish, and 6 indifferent, with no bearish ratings. Over the past month, the average price target has increased by 5.04%. Analyst ratings are periodic evaluations from financial experts who research and publish their opinions on stocks.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 12:00 pm

HWC

Hancock Whitney (NASDAQ:HWC) has received 6 analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, and 2 indifferent. The average price target is $44.5, representing an upside from the current price of $41.25. This target has decreased by 5.98% from the previous target of $47.33. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 12:00 pm

PATH

Needham analyst Scott Berg has reaffirmed a Buy rating on UiPath (NYSE:PATH) and increased the price target from $20 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:59 am

GCO

Genesco Inc reported a 4% year-over-year decrease in Q3 comparable sales, with physical store sales down 7% and direct sales up 8% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:58 am

FUBO

Needham analyst Laura Martin has reiterated a Buy rating on FuboTV (NYSE:FUBO) and maintained a $4 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 11:57 am

TU

TELUS Corp (NYSE:TU) has acquired new 3800 MHz spectrum licenses across Canada for $620 million, increasing their average national spectrum to 72 MHz. This acquisition, combined with the 3500 MHz spectrum from 2021, gives TELUS around 100 MHz of 5G mid-band spectrum with 96% contiguity, including all major markets. The company's Q3 FY23 operating revenues grew by 7.2% to C$5.01 billion, but adjusted EPS fell to C$0.25 from C$0.34 a year ago. TELUS shares closed up 2.11% at $17.91.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 11:56 am

TSLA

Tesla Inc (NASDAQ:TSLA) showcased a bulletproof test of its Cybertruck, which survived a barrage from a Tommy gun, a 9mm Glock, and a 9mm MP5-SD without cabin penetration. The demo was part of the Cybertruck delivery event at Gigafactory Texas. CEO Elon Musk highlighted the vehicle's stainless steel exoskeleton, which is bulletproof to .45 caliber and 9mm handguns, though the window glass is not fully bulletproof. The Cybertruck is marketed as a durable and robust vehicle, akin to an armored personnel carrier from the future.

Portfolio Pulse from Anan Ashraf

December 01, 2023 | 11:55 am