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SMAR

Over the last quarter, Smartsheet (NYSE:SMAR) has received 12 analyst ratings, with 5 being bullish, 4 somewhat bullish, and 3 indifferent. The company's average 12-month price target is $53.25, up 3.82% from the previous average of $51.29. No bearish ratings were observed.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 12:00 pm

RMD

RBC Capital analyst Craig Wong-Pan has downgraded ResMed (NYSE:RMD) from Outperform to Sector Perform and lowered the price target from $273 to $202.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:55 am

ERIC

Ericsson (NASDAQ:ERIC) has announced a non-cash impairment charge of SEK 32 billion in Q3 2023, accounting for 50% of the goodwill and other intangible assets related to Vonage. The impairment is due to a decline in the market capitalization of Vonage's publicly traded peers, higher interest rates, and a slowdown in Vonage's core markets. Despite this, Ericsson continues to focus on its enterprise strategy, with Vonage's network API capabilities being the core focus. The company's Q3 performance is expected to be in line with guidance, with an EBITA margin of 7.3% and EBITA of SEK 4.7 billion. Ericsson's shares are trading higher by 7.45% at $5.05 premarket.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 11:54 am

CVNA

Exane BNP Paribas analyst Chris Bottiglieri has downgraded Carvana (NYSE:CVNA) from Outperform to Neutral.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:52 am

F

United Auto Workers (UAW) union members walked out of Ford Motor Co's Kentucky Truck Plant after a meeting with Ford officials lasted less than 10 minutes due to lack of a counteroffer. The walkout effectively shut down Ford's most profitable operation, which contributes $25 billion in annual sales, accounting for about a sixth of the company's global automotive revenue. The UAW has been on strike against Ford, General Motors Co, and Stellantis NV since mid-September, demanding better pay and other incentives.

Portfolio Pulse from Anan Ashraf

October 12, 2023 | 11:52 am

HYLN

Cantor Fitzgerald analyst Andres Sheppard has downgraded Hyliion Holdings (NYSE:HYLN) from Neutral to Underweight and lowered the price target from $2 to $1.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:50 am

DLTR

NOC

QCOM

SO

Insiders at Qualcomm, Dollar Tree, Northrop Grumman, and Southern Company have recently sold shares. Qualcomm's Chief Commercial Officer sold 1,000 shares following a Q3 revenue miss. Dollar Tree's CIO sold 1,259 shares after Exane BNP Paribas initiated coverage with an Outperform rating. Northrop Grumman's CVP & Pres. Defense Systems sold 1,007 shares after UBS initiated coverage with a Buy rating. Southern Company's CEO sold 5,000 shares after its subsidiary acquired a solar project.

Portfolio Pulse from Lisa Levin

October 12, 2023 | 11:46 am

RITM

SCU

Rithm Capital has signed an amended definitive merger agreement to acquire Sculptor Capital Management for $12.00 per Sculptor Class A share, which is a 7.62% increase over the previously agreed price of $11.15.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:40 am

QDEL

QuidelOrtho has reaffirmed its FY23 sales guidance of $2.88B-$3.08B, which is in line with the consensus of $2.98B. The company also expects an adjusted EPS of $4.85-$5.30, slightly above the consensus of $4.90.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:36 am

TGT

B of A Securities analyst Robert Ohmes has upgraded Target (NYSE:TGT) from Neutral to Buy and raised the price target from $120 to $135.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 11:36 am