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UNH

Oppenheimer analyst Michael Wiederhorn has reiterated an Outperform rating on UnitedHealth Group (NYSE:UNH) and maintained a price target of $610.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 4:25 pm

BYDDY

TSLA

Tesla Inc. has stopped Model 3 deliveries in Australia due to non-compliance with local motor-vehicle regulations, specifically regarding child-seat anchor points. The halt, effective from January 17, 2024, is being addressed with authorities, but it's unclear if delivered vehicles will be recalled. This issue is similar to BYD Company's Atto 3 problem in 2022. Tesla may reclassify the Model 3 to avoid the issue. Meanwhile, Australia has introduced stricter safety standards for electric vehicles. Tesla's stock dropped 2.47% to $214.49.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 4:09 pm

ZJYL

CulperResearch has announced a short position on Jin Medical International Ltd (ZJYL), criticizing the company's high valuation at approximately 45 times its revenues, which fell 8% to $19M in 2022. They argue that at more typical industry revenue multiples of 1-6x, ZJYL's stock could plummet by 90% or more. CulperResearch also highlights concerns about the company's underwriter, Prime Number Capital, and its history of involvement in alleged China frauds. Additionally, ZJYL faced a NASDAQ delisting notice in September 2023 and has recently changed its auditor.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 4:04 pm

FTNT

Fortinet's stock (FTNT) is trading lower following a downgrade by Capital One from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 4:03 pm

GPRO

GoPro, Inc. (NASDAQ:GPRO) has announced its intention to acquire Forcite Helmet Systems, a company specializing in technology-integrated helmets. The acquisition aims to enhance the motorcycling experience by improving performance and safety through tech-enabled helmets, with plans to expand into other helmet categories. The financial terms of the deal were not disclosed, and the acquisition is expected to close in Q1 of 2024. GoPro will discuss further details during its earnings conference call on February 7, 2024. Meanwhile, GPRO shares dropped by 0.94% to $3.17.

Portfolio Pulse from Nabaparna Bhattacharya

January 17, 2024 | 4:02 pm

MS

Morgan Stanley (NYSE:MS) shares fell in pre-market trading after reporting a Q4 net profit decline. Analysts from BMO Capital Markets, Oppenheimer, and JMP Securities provided insights, adjusting price targets and maintaining positive ratings despite the earnings miss. Key points included higher wealth management revenues and investment banking fees, offset by lower trading revenues and higher compensation costs. Analysts adjusted core EPS for several one-time items and expressed optimism about the company's long-term positioning.

Portfolio Pulse from Priya Nigam

January 17, 2024 | 4:02 pm

AFL

Aflac (NYSE:AFL) has delivered an average annual return of 14.12% over the past 15 years, outperforming the market. A $100 investment in AFL 15 years ago would be worth $458.01 today. Aflac's market capitalization currently stands at $48.54 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 4:01 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has received mixed analyst ratings over the past three months, with 6 analysts offering diverse outlooks. The average 12-month price target is $546.17, with a high of $650.00 and a low of $460.00, reflecting a slight decrease from the previous average of $548.00. Analysts from firms including Goldman Sachs, Piper Sandler, JP Morgan, Barclays, and Stifel have updated their ratings and price targets, indicating varying levels of confidence in the company's performance. IDEXX develops diagnostic products for pets and livestock and has shown strong financial health with notable revenue growth, net margin, ROE, and ROA, but carries a higher debt-to-equity ratio than the industry average.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 4:00 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) stock is trading lower after Deutsche Bank downgraded the stock from Buy to Hold and reduced the price target from $29 to $19. The downgrade is due to an anticipated volume guidance of only 65,000 units, factory shutdowns, and a slow production ramp-up, which may lead to significant losses until Q3 2024. Deutsche Bank suggests that showcasing R2 models in 2024 could improve sentiment but is skeptical about it offsetting the year's losses. Rivian's R1S ranked seventh in U.S. EV sales with 24,783 units sold.

Portfolio Pulse from Erica Kollmann

January 17, 2024 | 4:00 pm

DLTR

The article compares Dollar Tree (NASDAQ:DLTR) to its competitors in the Consumer Staples Distribution & Retail industry, analyzing financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, revenue growth, and debt-to-equity ratio. Dollar Tree's P/E ratio is above the industry average, suggesting overvaluation, while its P/B ratio is below, indicating potential undervaluation. The company's P/S ratio is high, ROE is low, and revenue growth is below the industry average, signaling potential underperformance.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 4:00 pm