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Telsey Advisory Group analyst Joseph Feldman maintains Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) with a Outperform and maintains $17 price target.

News

Price Target

Analyst Ratings

ARHS

Telsey Advisory Group Maintains Outperform on Arhaus, Maintains $17 Price Target

Earnings

Large Cap

Health Care

General

Centene Reports Q1 Health Benefits Ratio Of 87.1%, With Membership Of 28,422,800

The companies will work together to develop solutions that further empower ELC&#39;s more than 20 prestige beauty brands as they create closer consumer connections and increase speed to market with local relevancy.

MSFT

Estée Lauder, Microsoft Report Creation Of An AI Innovation Lab As An Expansion Of Their Global Strategic Relationship

In a recent meeting in Beijing, U.S. Secretary of State Antony Blinken voiced concerns over China&#8217;s support for Russia&#8217;s military, potentially straining the ongoing efforts to mend relations between the two countries.
What Happened: Blinken, during a five-and-a-half-hour discussion with China&#8217;s top diplomat Wang Yi, highlighted the issue of China&#8217;s backing of Russia&#8217;s military, among other contentious topics, reported Reuters.
&#8220;The Secretary discussed concerns about PRC support to the Russian defense industrial base,&#8221; said U.S. State Department spokesperson Matthew Miller, referring to the People&#8217;s Republic of China (PRC).
Despite its &#8220;no limits&#8221; partnership with Moscow, China has refrained from providing arms for Russia&#8217;s war in Ukraine. However, U.S. officials caution that Chinese companies are aiding the weapons industry, potentially jeopardizing the broader bilateral relationship.
Highlighting the escalating tensions, shortly before Blinken&#8217;s arrival in China on Wednesday, U.S. President Joe Biden signed a bipartisan bill. The bill allocated $8 billion to counter China&#8217;s military capabilities, substantial defense aid for Taiwan, and $61 billion for Ukraine. 
Wang emphasized that the U.S. must not infringe upon &#8220;red lines&#8221; concerning sovereignty, security, and developmental interests, hinting at Taiwan and the disputed South China Sea.
Blinken is anticipated to have a brief meeting with China&#8217;s President Xi Jinping. Before Friday&#8217;s discussions, U.S. Treasury Secretary Janet Yellen indicated that the Biden administration was keeping all options open in response to China&#8217;s surplus industrial capacity.
See Also: <a href="https://www.benzinga.com/news/24/04/38422645/trumps-niece-says-ex-president-could-see-potential-imprisonment-as-opportunity-donald-is-facing-real?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President Could See Potential Imprisonment As Opportunity: &#8216;Donald Is Facing Real-Time Consequences For His Transgressions&#8217;</a>
Why It Matters: The U.S. has been increasingly vocal about China&#8217;s role in Russia&#8217;s military activities. Earlier this month, Blinken <a href="https://www.benzinga.com/markets/asia/24/04/38380008/us-mulls-sanctions-on-beijing-banks-for-alleged-role-in-putins-war-in-ukraine-china-cant-have-it-bot">suggested imposing sanctions on Chinese banks</a> for their alleged support of Russia&#8217;s war in Ukraine. This move was seen as a clear indication of the U.S.&#8217;s growing concerns over China&#8217;s involvement in the conflict.
Meanwhile, the European Union has also been critical of China&#8217;s support for Russia. The EU&#8217;s top diplomat in Asia, Niclas Kvarnstrom, recently <a href="https://www.benzinga.com/news/24/04/38373137/eus-top-diplomat-in-asia-warns-china-over-russia-ties-trade-imbalance-we-have-to-stand-up-for-oursel">warned Beijing</a> that its continued support for Russia is a major obstacle to improved relations between the EU and China.
Read Next: <a href="https://www.benzinga.com/news/24/04/38357333/elon-musk-reacts-to-tucker-carlson-saying-theres-ton-of-evidence-that-aliens-live-among-us-with-6000?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Tucker Carlson Saying There&#8217;s &#8216;Ton Of Evidence&#8217; That Aliens Live Among Us: &#8216;With 6000 Satellites Orbiting Earth, I Think I Would Know&#8217;</a>
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Politics

Global

Antony Blinken Raises Alarm Over Xi Jinping's Support For Russia During US-China Talks

Ball (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.56 by 21.43 percent. This is a 1.45 percent decrease over earnings of $0.69 per share from the same period last year. The company reported quarterly sales of $2.87 billion which missed the analyst consensus estimate of $3.24 billion by 11.30 percent. This is a 17.63 percent decrease over sales of $3.49 billion the same period last year.

Earnings Beats

Earnings Misses

BALL

Ball Q1 Adj $0.68 Beats $0.56 Estimate, Sales $2.87B Miss $3.24B Estimate

Telsey Advisory Group analyst Dana Telsey maintains Olaplex Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>) with a Market Perform and maintains $2 price target.

OLPX

Telsey Advisory Group Maintains Market Perform on Olaplex Hldgs, Maintains $2 Price Target

Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) reported quarterly Adj earnings of $5.66 per share which missed the analyst consensus estimate of $5.91 by 4.23 percent. The company reported quarterly sales of $4.070 billion which missed the analyst consensus estimate of $4.126 billion by 1.36 percent. This is a 5.14 percent increase over sales of $3.871 billion the same period last year.

Aon Q1 2024 Adj EPS $5.66 Misses $5.91 Estimate, Sales $4.070B Miss $4.126B Estimate

Centene (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) reported quarterly earnings of $2.26 per share which beat the analyst consensus estimate of $2.08 by 8.65 percent. This is a 7.11 percent increase over earnings of $2.11 per share from the same period last year. The company reported quarterly sales of $40.407 billion which beat the analyst consensus estimate of $36.536 billion by 10.59 percent. This is a 3.90 percent increase over sales of $38.889 billion the same period last year.

Centene Q1 2024 Adj EPS $2.26 Beats $2.08 Estimate, Sales $40.407B Beat $36.536B Estimate

Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.41 by 12.06 percent. This is a 75.56 percent increase over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $2.62 billion which beat the analyst consensus estimate of $2.59 billion by 0.97 percent. This is a 4.89 percent increase over sales of $2.49 billion the same period last year.

Autoliv Q1 Adj $1.58 Beats $1.41 Estimate, Sales $2.62B Beat $2.59B Estimate

Bernstein analyst Mark Moerdler maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Outperform and raises the price target from $465 to $489.

Bernstein Maintains Outperform on Microsoft, Raises Price Target to $489

Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. The company reported quarterly sales of $1.680 billion which missed the analyst consensus estimate of $1.682 billion by 0.12 percent. This is a 5.65 percent decrease over sales of $1.780 billion the same period last year.

AVTR

Avantor Q1 2024 Adj EPS $0.22 Beats $0.20 Estimate, Sales $1.680B Miss $1.682B Estimate

Oppenheimer analyst Ken Wong maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Outperform and raises the price target from $480 to $500.

Oppenheimer Maintains Outperform on Tyler Technologies, Raises Price Target to $500

DA Davidson analyst Linda Bolton Weiser maintains Inter Parfums (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPAR#NASDAQ">IPAR</a>) with a Buy and maintains $192 price target.

IPAR

DA Davidson Maintains Buy on Inter Parfums, Maintains $192 Price Target

Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is launching its <a href="https://www.benzinga.com/news/24/04/38226664/weird-coincidence-ford-bronco-vehicle-recall-day-of-o-j-simpsons-death-how-football-star-is-forever">Bronco SUV </a>at the Beijing Auto Show after its sales dipped in its primary market in the U.S.
What Happened: &#8220;In China, the Bronco is known as Liè Ma, or &#8216;fierce horse&#8217;. Excited for our customers in China to experience the fierce horse themselves! Bronco is launching at Beijing Auto Show and available for Ford customers in China this year,&#8221; Ford CEO Jim Farley wrote on X, formerly Twitter. The post was accompanied by photographs of the Bronco at different locations in China. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In China, the Bronco is known as Liè Ma, or &#39;fierce horse&#39;. Excited for our customers in China to experience the fierce horse themselves! Bronco is launching at Beijing Auto Show and available for <a href="https://twitter.com/Ford?ref_src=twsrc%5Etfw">@Ford</a> customers in China this year. <a href="https://twitter.com/hashtag/BeijingAutoShow?src=hash&amp;ref_src=twsrc%5Etfw">#BeijingAutoShow</a> <a href="https://t.co/cLz7cb1DKe">pic.twitter.com/cLz7cb1DKe</a>
&mdash; Jim Farley (@jimfarley98) <a href="https://twitter.com/jimfarley98/status/1783679917252641067?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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Ford got a sales license for the Bronco in China in September and it will be available in China starting this year. However, the model has been dropping in popularity in Ford&#8217;s home ground in the U.S.
Bronco In U.S.: During the first quarter, Bronco sales in the U.S. dropped nearly 26% to 24,066 units. The Bronco Sport SUV, however, witnessed its sales rise 5.7% to 31,565 units. Together, Ford sold 55,631 units of the Bronco family, marking a year-on-year dip of nearly 10.7%. 
For the entirety of 2023, the company witnessed a 9.7% drop in Bronco sales while simultaneously experiencing a 28.1% jump in Bronco Sport sales. 
Ford first made the Bronco in 1966 and the nameplate has been thriving since. While the Bronco currently starts at $39,630 in the U.S., the Bronco sport starts at just $29,795. 
Beijing Auto Show: The Beijing International Automotive Exhibition, which commenced on Thursday,&nbsp;is set to run through early May. Reuters on Thursday reported that <a href="https://www.benzinga.com/news/24/04/38429779/warren-buffett-backed-byd-xiaomi-and-other-local-chinese-automakers-shine-at-beijings-largest-auto-s">EVs are predominant at the event</a>, reflecting the world&#8217;s largest auto market&#8217;s rapid shift towards EVs. 
In fact, Ford&#8217;s rival General Motors has left traditional engine vehicles out of its show line-up for the first time. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/04/38452299/tesla-ceo-elon-musk-denies-human-rights-abuses-in-most-ev-battery-production-those-that-do-use-very">Tesla CEO Elon Musk Denies Human Rights Abuses In Most EV Battery Production: &#8216;Those That Do&#8230;Use Very Little&#8217;</a>
Photo via Shutterstock

Tech

Ford Bets On China With Bronco Launch After Sales Dip In America

Telsey Advisory Group analyst Joseph Feldman maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and raises the price target from $275 to $280.

TSCO

Telsey Advisory Group Maintains Outperform on Tractor Supply, Raises Price Target to $280

Morgan Stanley analyst James Faucette upgrades EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) from Underweight to Equal-Weight and lowers the price target from $236 to $225.

Upgrades

EPAM

Morgan Stanley Upgrades EPAM Sys to Equal-Weight, Lowers Price Target to $225

RBC Capital analyst Scott Hanold downgrades Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) from Outperform to Sector Perform and raises the price target from $36 to $39.

Downgrades

RBC Capital Downgrades Range Resources to Sector Perform, Raises Price Target to $39

The U.S. Supreme Court, which deliberated former <a href="https://www.benzinga.com/news/24/04/38449386/supreme-court-justices-weigh-absolute-immunity-for-trump-lean-toward-some-protection-we-have-seen-th">Donald Trump&#8217;s immunity claims</a> on Thursday, ruled that former presidents enjoy some degree of immunity from criminal prosecution, and two legal experts weighed in on the proceedings in the apex court.
Chief Justice Holds The Key: Four Justices of the nine-member bench will likely reject claims about Trump&#8217;s absolute immunity and this shifts the spotlight to Chief Justice John Roberts Jr., <a href="https://www.youtube.com/watch?v=sVaoJuvQE_w">said</a> Neel Katyal, an American appellate lawyer and professor of law, in an MSNBC interview.
The question is whether there would be a fifth vote and that would be the chief justice, he said, adding that the top justice was quieter during the hearing.
&#8220;But the chief justice does have [the] ability to surprise us,&#8221; Katyal said, adding that he was the fifth voter who upheld President Barack Obama&#8217;s Affordable Care Act right before the 2012 election.
&#8220;I hold out hope the chief will do the right thing here, uphold the rule of law and reject Trump&#8217;s claims of absolute immunity and let this trial go on so the American people can see it for themselves,&#8221; the legal expert said.
See Also: <a href="https://www.benzinga.com/news/24/04/38348880/donald-trump-could-still-win-even-if-he-loses-in-supreme-court-over-presidential-immunity-claim">Donald Trump Could Still Win Even If He Loses In Supreme Court Over Presidential Immunity Claim</a>
Shocking, Says Weissmann: Former DOJ Attorney and law professor Andrew Weissmann concurred with Katyal that it is going to come down to the chief justice.
&#8220;This is the chance to do something but this decision, just remember, no one was arguing that private acts are either civilly or criminally immune. Everyone agrees private acts you can always be prosecuted for so that&#8217;s a given,&#8221; he said.
So, it was not a win for Special Counsel Jack Smith, who is leading the prosecution side in Trump&#8217;s classified documents case, Weissmann said.
&#8220;I was just shocked that democracy as we know, is riding on finding that fifth vote. There should not be any justices who are in any way supporting this idea,&#8221; the DOJ veteran said. 
It could be like five, four, one way or the other on the case, Weissmann said. This tells you &#8220;how inured we are to the sort of Trumpism overtaking what this country is supposed to stand for,&#8221; he added.
Read Next: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a>
Photo courtesy: Shutterstock

Legal

Media

'Just Shocked:' DOJ Veteran Says Potential SCOTUS Suprise Over Trump's Immunity Claim Shows 'How Inured We Are To Sort Of Trumpism Overtaking What This Country Is Supposed To Stand For'

Morgan Stanley analyst Erin Wright downgrades Envista Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVST#NYSE">NVST</a>) from Overweight to Equal-Weight and lowers the price target from $33 to $21.

NVST

Morgan Stanley Downgrades Envista Holdings to Equal-Weight, Lowers Price Target to $21

Needham analyst Kyle Peterson reiterates Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) with a Buy and maintains $1500 price target.