How to change multiple label favorites from an arrowhead to a dot?

Issue description

I must update my label favorites to change their arrowheads to circular dots. Is there a way to change multiple label favorites at once?

Solution

1. Go to Window > Palettes > Favorites 
   
2. In the Favorites window, select all the labels that need editing. Right click then select Edit.
   
3. In the Label Favorite Settings- Pointer tab, change the Arrowhead from arrow to circular. Click OK to Save.