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IMAX

IMAX Corporation's proposal to acquire the outstanding 96.3 million shares of IMAX China has failed to pass a vote by IMAX China shareholders. Despite 70% of the shares voted being in favor, the votes against the transaction exceeded the 10% threshold required by Hong Kong law to defeat a privatization transaction. IMAX Corporation will now explore other means of creating shareholder value, such as share repurchases.

Portfolio Pulse from Shivani Kumaresan

October 10, 2023 | 4:11 pm

RIVN

UBS analyst Joseph Spak has upgraded Rivian Automotive Inc (NASDAQ:RIVN) from a Neutral rating to a Buy rating and lowered its price target from $26 to $24. This follows Rivian's recent capital raise which led to near-term weakness but positioned the company for greater upside. Rivian shares are down about 20% since the company announced a $1.5 billion convertible debt offering. UBS sees a reduced probability of an additional capital raise over the next year. Rivian is expected to produce approximately 54,500 vehicles this year and could raise estimates when it reports earnings on Nov. 7.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 4:11 pm

NVO

Investor Business Daily SwingTrader has reportedly purchased shares in Novo Nordisk (NVO).

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:03 pm

CPRT

The article provides a detailed comparison of Copart (NASDAQ:CPRT) with its competitors in the Commercial Services & Supplies industry. It highlights that Copart's P/E ratio is higher than the industry average, indicating a premium pricing. The P/B ratio is below the industry average, suggesting potential undervaluation. The P/S ratio is significantly higher than the industry average, indicating potential overvaluation. The company's ROE is lower than the industry average, suggesting inefficiency. However, Copart's EBITDA and gross profit are above the industry average, indicating strong profitability. The company's revenue growth is lower than the industry average.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:00 pm

AXL

Analysts have provided mixed ratings for American Axle & Mfg Hldgs (NYSE:AXL) in the last quarter, with 1 somewhat bullish and 3 indifferent. The company has an average price target of $9.0, representing a 6.93% decrease from the previous average price target of $9.67.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:00 pm

GM

Analysts have provided various ratings for General Motors (NYSE:GM) within the last quarter, with a total of 5 bullish, 5 somewhat bullish, 1 indifferent, 2 somewhat bearish, and 1 bearish. The average 12-month price target for GM is $49.21, which has increased by 8.66% over the past month.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:00 pm

ABNB

The article provides a comprehensive comparison of Airbnb (NASDAQ:ABNB) with its competitors in the Hotels, Restaurants & Leisure industry. It evaluates Airbnb's financial metrics, market position, and growth potential. The analysis reveals that Airbnb's PE ratio is lower than the industry average, suggesting potential value. However, its PB and PS ratios are high, indicating potential overvaluation. Airbnb's ROE is lower than the industry average, suggesting potential inefficiency. However, its EBITDA and gross profit are higher than the industry average, indicating strong profitability and robust cash flow.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:00 pm

ACGL

Over the past 3 months, 8 analysts have published their opinion on Arch Capital Group (NASDAQ:ACGL) stock. The average price target for the stock is $90.0, an increase of 5.01% from the previous average price target of $85.71. The majority of the analysts are somewhat bullish on the stock.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:00 pm

EL

Over the last quarter, Estee Lauder Cos (NYSE:EL) has received 32 analyst ratings. The company has an average 12-month price target of $192.62, a decrease of 14.33% from the previous average price target of $224.83. The majority of the ratings were bullish or somewhat bullish.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:00 pm

AAPL

The article provides a comprehensive comparison of Apple (NASDAQ:AAPL) against its key competitors in the Technology Hardware, Storage & Peripherals industry. It evaluates Apple's financial metrics, market position, and growth prospects. Apple's P/E ratio is lower than the industry average, suggesting potential value. However, its P/B and P/S ratios are higher than the industry average, indicating potential overvaluation. Apple's ROE, EBITDA, and gross profit are higher than the industry average, demonstrating profitability and growth potential. However, its revenue growth is lower than the industry average.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:00 pm