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Goldman Sachs analyst Alexander Blostein revised ratings on several asset management stocks, downgrading Blackstone Inc (BX), Charles Schwab Corp (SCHW), and Raymond James Financial Inc (RJF) to Neutral, and CME Group Inc (CME) to Sell. Upgrades were given to State Street Corporation (STT) and Ameriprise Financial Inc (AMP) to Buy. The sector is expected to see a more constructive EPS growth trajectory in 2024, with a wider dispersion in share price performance.

Portfolio Pulse from Lekha Gupta

January 03, 2024 | 8:02 pm

SEDG

SolarEdge Technologies (NASDAQ:SEDG) has received mixed analyst ratings over the past quarter, with 36 analysts offering diverse opinions. The average 12-month price target is now $115.72, down 39.55% from the previous $191.42. Analysts have adjusted their ratings and price targets, with some raising and others lowering their expectations. SolarEdge Technologies is involved in solar photovoltaic installations and faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:01 pm

ED

Consolidated Edison (NYSE:ED) has received mixed reviews from 7 analysts in the last three months, with 3 indifferent and 4 somewhat bearish ratings. The average 12-month price target is $82.21, slightly up from the previous $81.83. Analysts from firms including Ladenburg Thalmann, JP Morgan, Morgan Stanley, Barclays, Keybanc, and Wells Fargo have adjusted their ratings and price targets, reflecting their views on the company's performance and market conditions. Con Ed's financials show a negative revenue trend with a -7.03% growth, but strong profitability with a net margin of 13.58% and efficient use of equity and assets, as indicated by ROE of 2.51% and ROA of 0.82%. The company's debt-to-equity ratio is conservative at 1.13.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm

MPC

Over the past decade, Marathon Petroleum (NYSE:MPC) has delivered an average annual return of 13.63%, outperforming the market by 3.74% annually. A $100 investment in MPC 10 years ago would be worth $359.91 today. The company's current market capitalization stands at $60.61 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm

MSI

Motorola Solutions (NYSE:MSI) has delivered an average annual return of 16.8% over the past decade, outperforming the market by 6.91% on an annualized basis. A $1000 investment in MSI 10 years ago would be worth $4,742.79 today. The company's current market capitalization stands at $51.72 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:00 pm

LAZ

Shares of Lazard (LAZ) are trading higher following an upgrade by Wolfe Research from Peer Perform to Outperform. This upgrade suggests a positive outlook on Lazard's performance, potentially influencing investor sentiment and stock price.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:52 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to continue its trend of producing American-made vehicles with the upcoming Cybertruck, which is expected to be one of the most American-made pickup trucks. The Cybertruck's Monroney sticker shows a high U.S. and Canadian parts content of 65%, with final assembly in Austin, Texas. The motor, gearbox/transmission, battery assembly, and on-board charger assembly are also carried out in the U.S. This commitment to domestic manufacturing could increase the Cybertruck's appeal to consumers who prioritize local industry support.

Portfolio Pulse from Benzinga EV Insights

January 03, 2024 | 7:51 pm

AMZN

NFLX

BofA analyst Justin Post maintains a Buy rating on Amazon (NASDAQ:AMZN) with a $168 price target, expecting ad revenue growth to significantly contribute to margin expansion in 2024. Amazon's ad strategies, including Prime Video ads and new ad partnerships, are anticipated to drive this growth. The analyst projects a 370 bps contribution to FY23 North America margins from ad revenues and sees potential for Amazon's retail margins to grow significantly. Amazon's deals with Pinterest, Meta, and Snap are also expected to enhance ad performance and revenues. The analyst forecasts FY23 revenue and EPS of $570.67 billion and $4.72, respectively.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 7:51 pm

NVS

Novartis shares are up following the announcement of a collaboration and license agreement with Voyager Therapeutics for gene therapies targeting Huntington's disease and spinal muscular atrophy.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:48 pm

WW

There was a notable options market activity for WW International, with a sweep of 2,877 call options at a strike price of $8.5, expiring on January 19th, traded at $0.45 each. This was against an open interest of 86, indicating new positioning. The stock reference price at the time was $7.79.

Portfolio Pulse from Charles Gross

January 03, 2024 | 7:48 pm