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META

Analysts have provided mixed ratings for Meta Platforms (NASDAQ:META) with 17 reviews in the past three months. The average 12-month price target is $401.35, up 6.79% from the previous target. Analysts' actions include raising and maintaining ratings, with price targets ranging from $350 to $470. Meta's financial performance is strong, with a market cap above industry benchmarks, a revenue growth rate of 23.21%, a net margin of 33.92%, an ROE of 8.37%, an ROA of 5.48%, and a low debt-to-equity ratio of 0.25.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 8:00 pm

ARMK

Goldman Sachs analyst Lizzie Dove initiated coverage on Aramark (NYSE:ARMK) with a Buy rating and a price target of $33. Dove's analysis suggests that Aramark is at an inflection point for pricing growth due to the typical 18-month lag in passing through inflation in food input prices. The company's exposure to Education, Corrections, and Healthcare segments indicates potential upside in fiscal years 2024-2025. Aramark's net new business has significantly increased, and the trend towards outsourcing is expected to continue, which could lead to positive margin flow-through. Dove also notes that a deceleration in the CPI food away from home index could benefit Aramark's F2024 margin outlook. Additionally, expected rate cuts in 2024 could lower interest costs and increase investor appetite for levered stocks like Aramark. The stock is currently trading slightly lower at $28.85.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 7:52 pm

RRR

Macquarie analyst Chad Beynon upgraded Red Rock Resorts (NASDAQ:RRR) from Neutral to Outperform and increased the price target from $51 to $58, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:50 pm

NTNX

Nutanix, Inc. (NTNX) shares have risen following positive analyst actions. William Blair upgraded Nutanix from Market Perform to Outperform, indicating a more favorable outlook on the stock. Additionally, Needham reaffirmed its Buy rating and increased its price target for Nutanix from $54 to $62, suggesting higher confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:48 pm

ARE

BXP

DEI

EQIX

ESS

MPW

SAFE

SLG

VNO

VTR

Shares of Real Estate Investment Trusts (REITs) are trading lower due to an increase in Treasury yields. Higher yields can make dividend-paying assets like REITs less attractive to investors seeking income.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:41 pm

TBLT

ToughBuilt Industries Inc has regained compliance with the NASDAQ's minimum bid price requirement, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:40 pm

AAPL

MASI

A U.S. Appeals Court has ruled that the ban on imports of U.S. Apple Watches will be reinstated on January 18 after a temporary pause. This decision comes after a legal dispute, potentially affecting Apple's ability to import and sell certain models of its smartwatch in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:38 pm

AMGN

Options trading analysis for Amgen (NASDAQ:AMGN) shows a bearish sentiment with 72% of traders leaning bearish and 27% bullish. Unusual trading activity includes 18 trades, with 5 puts worth $623,205 and 13 calls worth $701,852. Price targets are between $250 and $330. The largest trades are bearish puts for January 2025 at a $320 strike price. Amgen, a biotech leader, recently acquired Horizon. AMGN's stock is slightly down with a potential overbought RSI. Analysts from BMO Capital and Daiwa Capital have upgraded Amgen to Outperform and Buy, with price targets of $326 and $320, respectively. Amgen's next earnings report is due in 20 days.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 7:30 pm

UBS Global Research analyst Joseph Spak downgraded Ford Motor Company (NYSE:F) to Neutral from Buy, maintaining a $12 price target. Spak cited limited upside to Ford's estimates for 2024 and 2025, noting that General Motors Company (NYSE:GM) may have more earnings upside due to its earlier start with the Ultium platform for EVs. Ford's Gen 2 EVs are not expected until 2025/26, and the company faces a significant labor cost headwind from the new UAW contract. Ford's stock price dropped 2.31% to $11.19.

Portfolio Pulse from Nabaparna Bhattacharya

January 17, 2024 | 7:25 pm

AMZN

Mizuho analyst James Lee predicts a significant expansion for Amazon in cloud and retail sectors, expecting a boom in 2024. He maintains a Buy rating on Amazon (NASDAQ:AMZN) with a price target of $220. Lee foresees accelerated growth for AWS in FY24, with enterprises planning large-scale data migrations to the cloud. He also anticipates retail margin expansion due to delivery network regionalization and new initiatives like inbound delivery decentralization and Buy with Prime. Despite a lower Q4 revenue and EPS projection compared to consensus, Lee expects a 20% revenue growth and margin expansion for Amazon in FY24.

Portfolio Pulse from Anusuya Lahiri

January 17, 2024 | 7:24 pm