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EMR

Four analysts have recently updated their ratings on Emerson Electric (NYSE:EMR), with a mix of bullish and neutral perspectives. The average 12-month price target is now $114.5, marking a 6.02% increase from the previous target of $108.00. Analysts from Keybanc, Mizuho, Wells Fargo, and UBS have adjusted their price targets and ratings based on Emerson Electric's performance and market conditions. Emerson Electric, known for its automation equipment and services, has shown strong financial performance with a notable revenue growth rate, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm

DFS

Discover Financial Services (NYSE:DFS) was analyzed by 14 analysts, showing a mix of bullish to bearish sentiments. Recent ratings indicate a shift towards a more cautious outlook, with a notable decrease in bullish ratings over the last 30 days. The average 12-month price target for DFS is $116.07, reflecting a 2.49% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $94.00 to $140.00. Discover Financial's market performance indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management were also discussed, highlighting its strengths and areas for improvement.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm

WEX

WEX Inc. projects its 2024 revenue to be between $2.70B-$2.74B, aligning closely with the $2.73B consensus. Adjusted EPS is forecasted at $15.90-$16.40, slightly below the $16.26 consensus. Assumptions include average U.S. retail fuel prices of $3.50-$3.55/gallon, increased financing interest expense, and an adjusted net income effective tax rate of 25%. Approximately 42.7 million fully diluted shares are expected to be outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:41 am

SNA

Snap-on anticipates its capital expenditures to be between $100 million and $110 million for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:33 am

IBTX

Independent Bank Group reported an adjusted EPS of $0.62 for the quarter ended Dec. 31, with total assets amounting to $19.035 billion.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:17 am

BA

Thai Airways has placed an order for 45 Boeing 787 jets, with options that could increase the total to approximately 80 jets. This order was previously included in Boeing's order backlog as an undisclosed customer.

Portfolio Pulse from Charles Gross

February 08, 2024 | 10:10 am

HI

Hillenbrand, Inc. (NYSE:HI) has priced a public offering of $500M in 6.2500% senior unsecured notes due 2029, aiming to close by February 14, 2024. The proceeds will be used to repay borrowings under its revolving credit facility and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:47 am

RCI

Rogers Communications Inc. (RCI) has announced the pricing of a $2.5 billion public offering of senior notes, split equally between 5.00% notes due 2029 and 5.30% notes due 2034. The net proceeds, approximately $2.46 billion, are intended to repay part of its outstanding debt, including borrowings used for the acquisition of Shaw Communications Inc. The sale is expected to close on February 9, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:42 am

OPI

Office Properties Income Trust (NASDAQ:OPI) has priced $300 million of 9.000% senior secured notes due 2029, secured by 17 office properties and subsidiary equity interests. The proceeds, along with borrowings, will redeem $350 million 4.250% Senior Unsecured Notes due 2024. The redemption aims to manage debt by replacing higher-cost unsecured notes with lower-cost secured notes, indicating a strategic financial maneuver to optimize its capital structure.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:00 am

COR

WBA

Walgreens Boots Alliance, Inc. (WBA) has sold shares of Cencora, Inc. (COR) for approximately $992 million, reducing its ownership to about 13%. The sale includes $942 million sold under Rule 144 and a $50 million share repurchase by Cencora. The proceeds will be used by WBA for debt reduction and general corporate purposes. This transaction does not affect their ongoing collaboration and strategic partnership.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:46 am