Streetbeat News

Corporate Responsibility

CTCX

Carmell shares are trading higher after the company appointed Kendra Bracken-Ferguson as CEO.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:50 pm

MMM

3M's new CEO Bill Brown has sparked confidence in the company's turnaround, but significant challenges remain, including multi-billion dollar PFAS liabilities. RBC Capital Markets analyst Deane Dray reiterated an Underperform rating on 3M, raising the price target to $95. Other analysts from BofA Securities and Barclays have maintained Buy and Overweight ratings, respectively, with higher price targets. Despite positive momentum, 3M's operational shakeup could be disruptive.

Portfolio Pulse from Shivani Kumaresan

July 29, 2024 | 4:41 pm

PBI

Pitney Bowes is still working to conclude its strategic review of the company's global e-commerce segment. The company has sold the segment's fulfillment services business, which is a small part of the global e-commerce segment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 4:40 pm

EML

TRS

Barington Capital Group has recommended that TriMas Corporation consider selling its aerospace segment or the entire company to improve shareholder value. TriMas' shares have underperformed compared to its peers and the market over a long-term period.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 3:58 pm

MCD

McDonald's CFO announced that the company expects to raise prices less this year, indicating a potential stabilization in pricing strategy.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:32 pm

NVA

NVAAF

Nova Minerals Limited has appointed Richard Beazley as the new Independent Non-Executive Chairman. Beazley brings over 35 years of experience in mining and project development. This follows Nova's successful NASDAQ listing.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:19 pm

CTCX

Carmell Corporation (NASDAQ:CTCX) has appointed Kendra Bracken-Ferguson as CEO, effective July 30, 2024. Rajiv Shukla will continue as Executive Chairman. The company has made significant strides since its business combination in July 2023, including product development, scaling manufacturing, and reducing cash burn.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:40 pm

EMBC

G

Genpact (NYSE:G) has been assisting embecta (NASDAQ:EMBC) in its spin-off from Becton Dickinson and Company (BD) to become an independent leader in the diabetes technology market.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:17 pm

BB

BlackBerry has appointed Tim Foote as the new Chief Financial Officer. The company is also establishing new divisions focused on cybersecurity and the Internet of Things (IoT).

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:06 pm

GAMI

VSTO

GAMCO has sent a letter to Vista Outdoor, urging the board to reconsider its position and engage with MNC Capital's fully financed $42 per share all-cash offer, which they view as superior to the proposed sale of The Kinetic Group to CSG.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:02 pm