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VCTR

Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Victory Capital Holdings (VCTR) but increased the price target from $26 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:25 pm

MSFT

Microsoft Corporation's (NASDAQ:MSFT) $10-billion investment in OpenAI, the parent company of ChatGPT, is potentially facing probes by the U.S. Department of Justice and the Federal Trade Commission over antitrust concerns. The agencies are discussing which one should investigate the partnership, as both have shown interest and do not want to relinquish jurisdiction. The deal was not reported for antitrust review, and the hiring of OpenAI's CEO by Microsoft has raised additional concerns. The FTC is also investigating OpenAI over consumer privacy issues, while the UK's Competition and Markets Authority and the European Commission have expressed antitrust concerns. Microsoft's stock is trading at all-time highs, reflecting the success of its AI investments.

Portfolio Pulse from Chris Katje

January 19, 2024 | 8:24 pm

LEVI

Telsey Advisory Group analyst Dana Telsey maintains an Outperform rating on Levi Strauss & Co (NYSE:LEVI) with a price target of $16. The company is expected to post Q4 results on January 25, 2024, with an estimated EPS of $0.44, up from $0.34 last year. Revenue growth is projected at 4.8% to $1.665 billion, with gross margin expansion to 57.0% and operating margin increase to 12.2%. Despite a cautious outlook due to an uncertain macro environment, the DTC business and Asia market show strength, offsetting pressures in North America and Europe wholesale channels.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 8:17 pm

TEF

Telefonica SA (NYSE:TEF) has acquired broadcasting rights for Spain's premier football league matches for $1.4 billion, starting with the 2024-2025 season. The deal covers five games per match-day across three seasons. Telefonica's strategy includes integrating football into its pay-TV packages to retain premium users. The company recently gained exclusive Spanish broadcasting rights for the UEFA Champions League and plans to stabilize Spanish earnings in H2 2023. Telefonica also announced a workforce reduction of about 5,100 jobs by 2026. TEF shares rose by 0.74% to $4.11.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 8:15 pm

ORA

Oppenheimer analyst Noah Kaye has maintained an Outperform rating on Ormat Technologies (NYSE:ORA) but has reduced the price target from $84 to $83.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:11 pm

DATS

MARA

NIO

PLUG

UNH

Benzinga's Stock Whisper Index highlights five stocks: UnitedHealth Group (UNH) with mixed analyst reactions post-earnings, Plug Power Inc (PLUG) facing pressure after announcing a $1 billion share offering, Marathon Digital Holdings (MARA) upgraded by BTIG with a new price target, DatChat Inc (DATS) planning a spinoff and suffering from a public offering, and Nio Inc (NIO) affected by Tesla's price cuts and Chinese market developments. The index provides insights into stocks that are gaining interest but are not widely discussed yet.

Portfolio Pulse from Chris Katje

January 19, 2024 | 8:10 pm

SDGR

Craig-Hallum analyst Matt Hewitt has maintained a Buy rating on Schrodinger (NASDAQ:SDGR) but has reduced the price target from $40 to $35.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:05 pm

NVDA

Raymond James analyst Srini Pajjuri has maintained a Strong Buy rating on Nvidia Corp (NASDAQ:NVDA) and increased the price target from $600 to $700. Pajjuri highlights Nvidia's unchallenged position in Gen AI infrastructure and anticipates strong double-digit revenue growth. The growth is expected from new GPU ramps and expansion into restricted markets like China. Despite potential risks from customer spending pauses and competition, the analyst believes Nvidia's software moat and AI demand will minimize impact. Nvidia's PC Gaming business is strong, and expansion into ARM PC processors is likely. The analyst projects FY23 revenue and EPS at $58.83 billion and $11.08, respectively, and notes the valuation already accounts for a potential digestion period. NVDA shares were up 3.43% at $590.65.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 8:04 pm

PH

Parker Hannifin (NYSE:PH) has received varied analyst ratings over the past three months, with a recent shift towards a more bullish sentiment. The average 12-month price target has increased to $513.4, with a high estimate of $551.00 and a low of $500.00. Analysts from Stifel, Goldman Sachs, Wells Fargo, and Deutsche Bank have maintained or raised their price targets, reflecting positive expectations for the company's performance. Parker Hannifin's financials show strong revenue growth and net margin, but challenges in asset utilization and debt management.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:00 pm

MO

Altria Group (NYSE:MO) has seen significant options trading activity, with a bearish sentiment from high-rolling investors. Benzinga's options scanner revealed 8 trades, with a split sentiment of 37% bullish and 62% bearish. The focus is on a price band between $35.0 and $40.0. Altria's current market status shows neutral RSI indicators, a stable stock price at $40.44, and an upcoming earnings announcement in 13 days. The company holds a strong position in the tobacco industry and has interests in Anheuser-Busch InBev, Cronos, and recently acquired Njoy Holdings.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:00 pm