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SY

So-Young International announced that it has purchased approximately 13.3 million ADSs, representing 10.3 million Class A ordinary shares, for about $54.5 million during its share repurchase program initiated in November 2022 and modified in January 2023, as well as the program announced in May 2021.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:19 am

EWCZ

European Wax Center (EWCZ) has updated its FY23 guidance, now expecting system-wide sales to be between $952M-$955M, slightly higher than the previous range of $945M-$955M. Additionally, the company has raised its same-store sales growth forecast to 2.5%-2.8%, up from the earlier estimate of 1.5%-2.5%.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:14 am

SHEL

Shell PLC (NYSE:SHEL) announced a revision to its Q4 FY23 operational outlook, leading to a decrease in share price. The company adjusted its production and sales volume guidance across various segments, including Integrated Gas, Upstream, and Marketing. Notably, Shell disclosed impairment charges estimated between $2.5 billion to $4.5 billion for Q4, primarily due to macroeconomic factors and portfolio decisions, such as the Singapore Chemicals & Products assets. This announcement comes ahead of the Q4 FY23 results expected on January 8, 2024. Previously, Shell reported a Q3 FY23 revenue decline of 20.3% year-over-year, missing consensus estimates.

Portfolio Pulse from Lekha Gupta

January 08, 2024 | 11:13 am

NXT

Wells Fargo analyst Praneeth Satish has upgraded NEXTracker (NASDAQ:NXT) from Equal-Weight to Overweight and set a price target of $57.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:11 am

IDCC

InterDigital, Inc. (NASDAQ:IDCC) has been granted an injunction by the Regional Court Munich I against OPPO, Realme, and OnePlus for infringing on its 5G patent. The court ruled that InterDigital acted in accordance with FRAND principles, while the defendants did not.

Portfolio Pulse from Charles Gross

January 08, 2024 | 11:09 am

ENPH

Wells Fargo analyst Praneeth Satish has upgraded Enphase Energy (NASDAQ:ENPH) from Equal-Weight to Overweight and increased the price target from $98 to $141, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:08 am

DELL

JP Morgan analyst Samik Chatterjee has upgraded Dell Technologies (NYSE:DELL) from Neutral to Overweight and increased the price target from $77 to $90.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:07 am

TOL

Wolfe Research analyst Truman Patterson upgraded Toll Brothers (NYSE:TOL) from Peer Perform to Outperform and set a price target of $118.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:06 am

ICE

Barclays analyst Benjamin Budish upgraded Intercontinental Exchange (NYSE:ICE) from Equal-Weight to Overweight and increased the price target from $120 to $148.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 11:05 am

AMGN

BMY

MRNA

SRPT

VRTX

XBI

The 42nd annual JPMorgan Healthcare Conference begins in San Francisco, with expectations of significant industry discussions, potential deal announcements, and company presentations. Past conferences have influenced M&A activity and stock volatility. Bristol-Myers Squibb, Vertex Pharmaceuticals, Amgen, Sarepta Therapeutics, and Moderna are among the companies presenting. The SPDR S&P Biotech ETF (XBI) has shown varied performance during past conferences, with individual stocks potentially experiencing volatility based on news from the event.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 11:04 am