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NVO

A study reveals that only 32% of patients prescribed Novo Nordisk's weight-loss drug, Wegovy, were still using the medication a year after their initial prescription, indicating a significant drop in adherence. The average annual cost of care for patients increased by 59% after starting the medication. The study was conducted by Prime Therapeutics, a pharmacy benefits manager, reviewing data for 4,255 people. NVO shares are up 0.71% at $153.33 during the premarket session on the last check Wednesday.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 12:14 pm

PIXY

ShiftPixy has priced its offering of 2,066,667 units at $1.50 per unit.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:06 pm

AVGO

COIN

CRM

CVNA

GTLB

GTLS

GWW

NFLX

TJX

TSLA

Several companies have had their price targets adjusted by various analysts. Citigroup raised Tesla's price target from $215 to $278 and General Motors' from $85 to $89. B of A Securities increased GitLab's price target from $55 to $60. Raymond James raised Chart Industries' price target from $160 to $175. Atlantic Equities increased Coinbase's price target from $70 to $80. Deutsche Bank raised Broadcom's price target from $870 to $905. Needham increased Salesforce's price target from $230 to $250. JMP Securities raised Carvana's price target from $25 to $50. UBS increased W.W. Grainger's and Netflix's price targets from $815 to $820 and $390 to $525 respectively. Loop Capital raised The TJX Companies' price target from $75 to $95.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:06 pm

CHT

CNVS

IDT

The article lists three oversold stocks in the communication services sector that are expected to perform well in July. These include IDT Corporation (NYSE:IDT), Chunghwa Telecom Co., Ltd. (NYSE:CHT), and Cineverse Corp. (NASDAQ:CNVS). All three companies have reported positive financial results recently, despite facing challenges.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:03 pm

EEMA

EWU

EZU

FLAX

SPY

On Tuesday, July 11, Wall Street closed in green with gains in financial shares. Asian markets showed mixed results with Japan's Nikkei 225 and China's Shanghai Composite closing lower, while Australia's S&P/ASX 200 and Hong Kong's Hang Seng index closed higher. European markets were trading higher, with the Pan-European STOXX 600 index, Germany's DAX index, and France's CAC 40 all up. U.S. futures were also trading higher ahead of key inflation data. The U.S. Dollar Index was down 0.24%.

Portfolio Pulse from Akanksha Bakshi

July 12, 2023 | 12:02 pm

SPWR

Analysts have provided mixed ratings for SunPower (NASDAQ:SPWR) in the last quarter, with 1 bullish, 1 somewhat bullish, 7 indifferent, and 1 somewhat bearish. The average 12-month price target for SunPower is $15.9, representing a 13.02% decrease from the previous average price target of $18.28.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 12:01 pm

DPZ

UBER

Domino's Pizza Inc (DPZ) shares are surging after the company entered a new global agreement with Uber Technologies Inc (UBER). The agreement allows U.S. customers to order Domino's products through the Uber Eats and Postmates apps, with deliveries made by Domino's drivers. The initial U.S. rollout will begin this fall in four pilot markets, with a nationwide program expected by the end of 2023. Uber Eats will be the exclusive third-party platform for Domino's in the U.S. until at least 2024.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 12:01 pm

PAGP

Plains GP Holdings (NASDAQ:PAGP) has received two bullish and one somewhat bullish ratings from analysts in the last quarter. The average 12-month price target for the company has increased by 9.68% from the previous average of $15.50 to $17.00.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 12:01 pm

IART

In the last quarter, Integra Lifesciences (NASDAQ:IART) received a mix of analyst ratings, with 1 bullish, 2 somewhat bullish, 4 indifferent, 1 somewhat bearish, and 1 bearish. The average price target is $52.0, indicating an upside from the current price of $41.3. However, this average has decreased by 12.78% from the previous average price target of $59.62.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 12:01 pm

PWSC

PowerSchool Holdings (NYSE:PWSC) has received positive analyst ratings in the last quarter, with 5 bullish and 4 somewhat bullish ratings. The average 12-month price target for the company has increased by 13.6% from the previous average, now standing at $25.56.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 12:00 pm