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NEXI

Neximmune's stock (NEXI) surged 400% in premarket trading. This follows the company's November 2 announcement that its board had unanimously approved a plan for liquidation and dissolution.

Portfolio Pulse from Charles Gross

December 01, 2023 | 12:18 pm

AAPL

AVGO

GOOG

GOOGL

Broadcom Inc (NASDAQ:AVGO) is set to lay off approximately 1,300 VMware Inc. employees in California after acquiring the cloud-computing firm. The $69 billion acquisition was completed on November 22, following approval from China. Broadcom, which supplies chips to Apple Inc (NASDAQ:AAPL) and Alphabet Inc's Google (NASDAQ:GOOG) (NASDAQ:GOOGL), plans to cut jobs at VMware's headquarters starting January 26. The layoffs are part of Broadcom's strategy to streamline operations and cut support roles to reduce costs, while retaining key engineering staff. Broadcom is also considering strategic options for two VMware business units.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 12:12 pm

KR

Stephens & Co. analyst Ben Bienvenu has maintained an Equal-Weight rating on Kroger (NYSE:KR) but has reduced the price target from $52 to $50.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:06 pm

FHTX

Foghorn Therapeutics announced that clinical data from its Phase 1 study of FHD-286, a BRG1/BRM inhibitor for treating advanced hematologic malignancies, will be presented at the American Society of Hematology Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:06 pm

ACIU

AC Immune SA (NASDAQ:ACIU), a biopharmaceutical company, has announced the appointment of Dr. Madiha Derouazi as Chief Scientific Officer and the promotion of Christopher Roberts from Interim CFO to permanent CFO. Dr. Derouazi will succeed the retiring Dr. Marie Kosco-Vilbois, who will stay on as an expert consultant to facilitate a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:05 pm

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